Summary by Moomoo AI
QINGDAO BEER CO., LTD. (QINGDAO BEER) ON MARCH 26, 2024 ISSUED A SPECIAL REPORT ON FINANCIAL BUSINESS RELATED TRANSACTIONS, LOANS, ETC., INVOLVING ITS WHOLLY OWNED SUBSIDIARY QINGDAO BEER FINANCE CO., LTD. The report was audited by Pewahong Road Central Accounting Firm and confirmed that there were no significant inconsistencies. The report showed that Qingdao Beer Finance Company had an initial balance of $78,859,274 in 2023 with the associated Fangshan Dong Yantai Beer Co., Ltd. and the year-end balance of $29,547,153; and the year-end balance of interest expense on deposits was $23,875, and the year-end balance was $8,021. This special report is for Qingdao Beer's disclosure of its related transaction financial business situation in 2023 only.