https://www1.hkexnews.hk/app/sehk/2024/106627/documents/sehk24073001328_c.pdf

On July 30, 2024, Xiaocaiyuan International Holding Ltd. ("Xiaocaiyuan"), announced 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, and Haitong International and UBS served as its joint sponsors. As of the announcement date, Xiaocaiyuan had appointed Haitong International, UBS and Guoyuan Securities as its overall coordinators.

Founded in 2013, Xiaocaiyuan is one of the well-known Chinese popular convenience-style dining chain restaurants, ranking among the top in the industry in terms of business size and growth rate. As of July 8, 2024, Xiaocaiyuan had built a nationwide network of 623 operating directly operated stores, covering Anhui, Jiangsu, Shanghai, Zhejiang, Beijing, Hubei, Tianjin, Guangdong, Hebei, Henan, Shandong, Jiangxi and other regions in China. Xiaocaiyuan's brand portfolio includes "Xiaocaiyuan", "Guandi", "Fuxing Building" and "Caishou". According to Frost & Sullivan's data, based on store income as of 2023, "Xiaocaiyuan" ranked first among all brands in the Chinese popular convenience-style dining market with an average customer price ranging from RMB 50 to RMB 100.

According to the prospectus, in Xiaocaiyuan's shareholder structure before going public, Mr. Wang Shugao can control a total of 92.99% of the voting rights of the company, and Mr. Song Xiangqian ultimately controls 7.01% of the shares held by Harvest Delicacy.