We are a multi-brand restaurant group headquartered in Singapore, where our restaurants mainly operate under a franchise model. We offer Korean and Japanese cuisine, focusing on the casual dining concept, targeting the middle class mass markets of Singapore, Malaysia and Indonesia. As of the last practical date, we had a total of 12 self-operated restaurants and a central kitchen, including: Under the exclusive franchise obtained from our franchisee owning a chain of Korean fried chicken restaurants, the “Chir Chir” brand opened four self-operated restaurants in Singapore and one self-operated restaurant in Malaysia during the record period; According to our exclusive franchise obtained from the franchisee owning the Korean-style rib stew chain, we opened two self-operated restaurants in Singapore under the “Masizzim” brand; opened two self-operated restaurants in Singapore under the “Masizzim” brand “Kogane Yama”, which independently developed and provided the best Japanese tendon (one of them opened during the track record period, and the other opened after the track record period); Under the exclusive franchise granted by our franchisee owning a chain of Korean fusion cuisine style noodle restaurants, we opened two self-operated restaurants in Singapore under the “Nipong Naepong” brand after a track record period; Open a self-operated restaurant in Singapore under the “NY Night Market” brand under the exclusive franchise obtained by our own Chir Chir concessionaire, which also owns a Korean fusion style Western restaurant chain; and Our self-developed brand “GangnamKitchen”, which provides Korean food catering and delivery services in Singapore, opened a central kitchen in Singapore during the record period and was used as the central kitchen for our Singaporean restaurants.
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