Tang Palace (China) Holdings Limited (Stock Code: 01181; “Tang Palace”) has signed a non-legally binding Strategic Cooperation Framework Agreement with Hong Kong-incorporated AAPC Hotel Services Limited on 31 March 2026.

Under the framework, AAPC will consider inviting Tang Palace’s portfolio of restaurant brands to operate in hotels and other premises owned or managed by AAPC, a wholly owned arm of a France-based global hospitality group. The partnership targets joint brand building and aims to lift service quality, operating efficiency and profitability across hotel food-and-beverage outlets.

Management expects three principal benefits: 1. Revenue diversification by tapping hotel dining, banquet and premium group-catering opportunities through AAPC’s extensive venue network. 2. Enhancement of Tang Palace’s market positioning via association with the partner’s international hospitality brand. 3. Adoption of an asset-light expansion model that lowers capital outlay and operational risk, potentially improving overall returns.

The agreement sets out cooperation intentions only; it neither mandates transaction volumes nor imposes binding commitments. Project-specific definitive agreements will follow subject to further negotiations and regulatory disclosures.

AAPC and its ultimate beneficial owners are independent third parties to Tang Palace. Shareholders and prospective investors are advised to exercise caution when dealing in Tang Palace securities.