Congratulations to Xiaocaiyuan International Holding Ltd. (0999.HK) on its Successful Listing

Congratulations to Xiaocaiyuan International Holding Ltd. (0999.HK) on its successful Listing on the Mainboard of HKSE on 20 December 2024

 

Xiaocaiyuan International Holding Ltd. (“Xiaocaiyuan”) is one of the renowned self-operated chain restaurants in China’s mass Chinese cuisine market. According to Frost & Sullivan, the mass Chinese cuisine market is a sub-segment of Chinese cuisine market with average spending per consumer below RMB100. Capitalizing on our deep comprehension of China’s evolving catering industry, the anticipated modernization and industrialization in the industry, and the inherent consumer demand, Xiaocaiyuan strategically ventured into the growing mass Chinese cuisine sector. Since our establishment in 2013, Xiaocaiyuan has been striving to offer consumers home-style flavor dishes and attentive services at affordable prices. As of the Latest Practicable Date, Xiaocaiyuan has 663 self-operated restaurants under operation, with a coverage of 146 cities or counties across 14 provinces in China.

 

With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services on restricted stock unit, preferred stocks and convertible bonds.

 

Congratulations again to Xiaocaiyuan International Holding Ltd. (0999.HK) on its successful listing. The issue price is HKD 8.50 per share, and the amount of funds raised is HKD 860 million.