Shanghai XNG Holdings Clarifies Temporary Closure of Shanghai Min Restaurants and Refund Policy

Reuters

Feb 10

Shanghai XNG Holdings Clarifies Temporary Closure of Shanghai Min Restaurants and Refund Policy

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: HKEX-EPS-20260210-12021132), on February 10, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1233","symbol_name":"餐馆","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260210:nNDL2vL8np:1","article_id":"2610623010","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610623010","pubTimestamp":1770731090,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"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. 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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.\n      \n\n\nDisclaimer: 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.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}