Business Overview Financial Summary

Dragon King Group Holdings operates a full-service Cantonese restaurant group of Guangdong cuisine restaurants under four brands. Each has its own brands, namely “Dragon King”, “Dragon Feast”, “Royal Feast” and “Dragon Feast”. The group's restaurants focus on providing customers with excellent food and service and a comfortable dining environment. The restaurants spread all over Hong Kong and extend to Shanghai and Macau, while also continuously developing diverse businesses and revenue streams of multiple brands with different dining experiences and goals.

Competitive advantage

Expanding the group's customer base through a multi-brand business model

The group's restaurant locations have strategic value

Maintain close relationships with suppliers that are relied upon by experienced chefs, senior management and well-trained staff

Risk Factors

A shortage of manpower or an increase in labor costs may have an impact on the future development, business operations, financial situation and operating results of the group

Credit risk from customers may affect the group's cash flow and operating results

The operation of the group is susceptible to increased procurement costs of food ingredients, which may adversely affect earnings and operating results

Use of proceeds

Approximately 73.5% will be used for brand strategy expansion in Hong Kong

Approximately 11% was used to improve existing restaurant facilities

Approximately 3.1% is used to enhance marketing and promotion

Approximately 8.2% will be used to redeem bank loans

Approximately 4.2% is used as general working capital