Shanghai Xiaonanguo (03666) plans to sell all shares of Xiaonanguo (Hong Kong) Restaurant Group for 100,000 US dollars

According to the Zhitong Finance App, Shanghai Xiaonanguo (03666) announced that on January 8, 2026, the company plans to sell all of the shares in the target company (Xiaonanguo (Hong Kong) Catering Group Co., Ltd.) to the buyer, Ms. Yam Shan Shan, at a total cost of US$100,000. Upon completion, the company will no longer hold any shares in the target company, and the target group will no longer be a subsidiary of the company.

The target group is mainly engaged in catering operations and takeout business for Shanghai Xiaonanguo brand restaurants. The target group mainly consists of 4 subsidiaries operating under the Shanghai Xiaonanguo brand in Shanghai. Currently, the catering industry is facing heated market competition. Consumers not only pursue delicious food, but also pay more attention to a fresh dining environment and youthful cultural identity. Although the Shanghai Xiaonanguo brand has long focused on large-scale banquets and business dinners, market demand is changing dramatically, and consumers are now paying more attention to the origin of ingredients, cooking methods, and nutritional balance. Furthermore, under the downward pressure of the economic environment, consumers are increasingly paying attention to prices and pursuing more cost-effective dining experiences. In order to face such challenges and follow the established strategy, the Group plans to reduce the use of Shanghai Xiaonanguo brands that have failed to attract fashion consumers, and carry out brand remodeling to open new restaurants with lower management costs to more effectively cater to the fashion customer base with higher consumption capacity in the region.