BEST FOOD HOLDINGS (01488) announced that on November 10, 2025, its wholly-owned subsidiary Qianhai Youfu, along with Beijing Shendianbao, Yancheng Baihe, and six other limited partners, entered into a partnership agreement to jointly establish Shenzhen Shendianbao. The total committed capital for Shenzhen Shendianbao amounts to RMB 50 million, with RMB 19.949 million contributed by Qianhai Youfu (as a limited partner), RMB 100,000 by Beijing Shendianbao (as a general partner), RMB 10.951 million by Yancheng Baihe (as a limited partner), and the remaining RMB 19 million by six other participating limited partners.
To optimize the company's industry development strategy and secure high-quality investment opportunities and resources, the group intends to participate in the co-establishment of Shenzhen Shendianbao. Upon its formation, Shenzhen Shendianbao will focus on investing in catering projects (restaurant investments) primarily located in China.