Shanghai XNG Holdings Ltd. has issued a clarification following unusual price movements in its shares and recent media reports claiming all Shanghai Min restaurants in Shanghai have closed. The company confirmed that operations at its ten Shanghai Min restaurants have been temporarily suspended as part of a strategic realignment, but emphasized this is not a permanent closure. Additionally, the company refuted claims that deposits and prepaid cards are non-refundable, assuring that all customer deposits are being refunded and prepaid card funds remain available for refund. The board stated there is no other information requiring disclosure and advised shareholders and potential investors to exercise caution when dealing in the company’s shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai XNG Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260210-12021132), on February 10, 2026, and is solely responsible for the information contained therein.