Shanghai XNG Holdings Limited (3666) Announces Temporary Suspension of Shanghai Min Restaurants and Strategic Realignment

Bulletin Express

Feb 10

Shanghai XNG Holdings Limited (3666) noted a movement in its share price on 10 February 2026 and confirmed that the temporary suspension of 10 restaurants operating under the Shanghai Min brand is part of a broader strategic realignment. The company clarified that deposits are being refunded and prepaid card balances remain available for return, addressing inaccuracies in certain local media reports.

According to the announcement, the strategic realignment aims to streamline operations, preserve resources, and address persistent losses in the Mainland China restaurant segment. The measure forms part of an ongoing restructuring designed to enhance operational efficiency and reallocate resources to more profitable market segments. Shanghai XNG Holdings Limited also emphasized that this initiative does not conflict with any terms under its previously announced very substantial disposal and remains in the best interests of the group and its shareholders.

Shareholders and potential investors have been advised to exercise caution when dealing in the company’s shares.

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