We are a multi-brand restaurant group headquartered in Singapore, where our restaurants mainly operate on 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. At the last practical date, we had a total of 12 self-operated restaurants and a central kitchen, including: Based on the exclusive franchise obtained by our own franchisee of our own Korean fried chicken chain restaurant chain, we opened four self-operated restaurants in Singapore and one in Malaysia under the “Chir Chir” brand during the track record period; According to our exclusive franchise obtained by our own franchisee of our own chain of Korean stewed ribs restaurants, we opened two self-operated restaurants in Singapore under the “Masizzim” brand during the track record period; the brand “Kogane Yama”, which independently developed and provided the finest Japanese tendon, opened two self-operated restaurants in Singapore (one opened during the track record period and the other after the track record period); Based on the exclusive franchise obtained by our own franchisor of our own chain of Korean fusion cuisine style noodle restaurants, we opened two self-operated restaurants in Singapore after a period of track record under the “Nipong Naepong” brand; We opened a self-operated restaurant in Singapore under the “NY Night Market” brand under the “NY Night Market” brand, based on our exclusive franchise obtained by Chir Chir franchisee, which also owns Korean-style fusion cuisines and Western restaurants; and “GangnamKitchen”, our self-developed brand that provides Korean food and delivery services in Singapore, opened a central kitchen in Singapore during the track record period and used it as the central kitchen for our Singaporean restaurants.
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