The Marketing Company was incorporated in February 1995 as a limited liability
company under the laws of the PRC, in which High Worth Brewery owns a
70% interest, and Guangdong Blue Ribbon Group directly owns a 30% interest
and indirectly owns a 28% interest. As a result, the Company owns a 42%
net interest in the Marketing Company.
 The
Company's distribution and marketing of Pabst Blue Ribbon beer products
are being conducted by the Marketing Company. Zhaoqing Brewery and Noble
Brewery commenced selling their production of Pabst Blue Ribbon beer
through the Marketing Company in April 1995 and July 1995, respectively.
In April 1997 and June 1998, Sichuan Brewery and Zao Yang High Worth
Brewery commenced to produce beer under the Pabst Blue Ribbon label
respectively, which were also sold to the Marketing Company for resale.
The Marketing Company is also responsible for the promotion and advertising
of the Company's production of Pabst Blue Ribbon beer in China.
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