https://www1.hkexnews.hk/app/sehk/2024/106627/documents/sehk24073001328_c.pdf
On July 30, 2024, Xiaocaiyuan International Holding Ltd. (referred to as "Xiaocaiyuan") announced the further appointment of Guoyuan Securities Brokerage (Hong Kong) Co., Ltd. as its overall coordinator.
Xiaocaiyuan submitted its prospectus to the Hong Kong Stock Exchange on July 16, 2024, with Huatai International and UBS Group as its joint sponsors. As of the announcement date, Xiaocaiyuan has appointed Huatai International, UBS Group, and Guoyuan Securities as its overall coordinators.
Founded in 2013, Xiaocaiyuan is one of the well-known Chinese casual dining chain restaurants, ranking among the top in the industry in terms of business scale and growth rate. As of July 8, 2024, Xiaocaiyuan has established a national store network consisting of 623 operating directly-operated stores, covering regions in China including Anhui, Jiangsu, Shanghai, Zhejiang, Peking, Hubei, Tianjin, Guangdong, Hebei, Henan, ShanDong, and Jiangxi. Xiaocaiyuan's brand portfolio includes "Xiaocaiyuan", "Guandi", "Fuxing Building", and "Cai Shou". According to Frost & Sullivan, based on store revenue as of 2023, "Xiaocaiyuan" ranks first among all brands in the casual dining market in China with a per capita spending between 50 and 100 RMB.
The prospectus shows that in the pre-listing shareholder structure of Xiaocaiyuan, Mr. Wang Shugang can control a total of 92.99% of the voting rights of the company, while Mr. Song Xiangqian ultimately controls 7.01% through Harvest Delicacy.
