A summary of the collection

By the end of 2015, the collection had operated 22 Vietnamese brand restaurants in Hong Kong, that is, the more popular the major brands and the more expensive the sub-brands, most of the restaurants were located in the food center. According to the report, by the end of 2015, some Vietnamese restaurants had the largest number of Vietnamese restaurants in Hong Kong.

Set up standardized food management and management procedures for Yue Fu brand restaurants. A food processing centre was also set up in 2009 to support the production of food products. In the five months ended August 31, 2016, the food processing center equipped and supplied more than 60% of the ingredients used for catering.

Industry summary

The value of Hong Kong leisure restaurants accounts for 16.5% of the total service restaurant division, with a compound annual growth rate of 3.9% from 2011 to 2015.

Of course, there will be a small number of guests in 2015, and the consumer food service will be relatively stable, as eating out is still an important part of the consumption of Hong Kong guests and locals.

The growth rate of leisure food is higher than that of full-service food as a whole. Hong Kong Leisure Restaurant full Service Restaurant offers an average of HK $80 to HK $100.0 per customer.

Cymbals

The restaurants in the market are all rentals. If the rental cost of restaurants in Hong Kong increases in the future, or if the market is unable to offset the increase in rental costs by cutting other operating costs, or if property rents and related increases are married to customers, it may have an adverse impact on the operating conditions and operating conditions of the market. In addition, even if the market is in a bad situation, it may not be able to terminate the lease agreement, so the market may not be able to terminate the lease agreement.

Valuation

According to the IPO documents, assuming that the global development sale was completed on August 31, 2016, 2 million shares will be issued in the expected period after the completion of the sale of long-term shares, equivalent to HK $0.61 to HK $0.72 per tangible assets per share.