XIAOCAIYUAN Issues Apology and Compensation Plan

Deep News
08/12

On August 11, the official WeChat account of "XIAOCAIYUAN New Anhui Cuisine" released an apology statement. The statement announced that for all customers who dined during the relevant period at the Changsha Yuelu Wangfujing store on August 10, the restaurant will fully refund the meal cost and provide a compensation of ten times the meal amount.

Founded in 2013 in Tongling, Anhui, XIAOCAIYUAN is one of China's well-known direct-operated chain Chinese casual dining restaurants. It aims to offer home-style dishes and attentive service at affordable prices. The company's brand portfolio includes "XIAOCAIYUAN", "Guandi", "Fuxinglou", and "Caishou".

XIAOCAIYUAN (00999.HK) was listed on the Hong Kong Stock Exchange on December 20, 2024, issuing 101.1808 million shares at HK$8.50 per share, raising approximately HK$860 million. As of the time of writing, XIAOCAIYUAN shares are trading at HK$7.620 per share, with a total market capitalization of about HK$8.878 billion.

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