Xiaocaiyuan Sets Up Joint Venture for Online Mall and Community Ready-to-Eat Shops

Xiaocaiyuan International Holding Ltd. ( (HK:0999) ) has provided an announcement.

Xiaocaiyuan International Holding Ltd. has entered into a cooperation agreement through its wholly owned unit Xiaocaiyuan Catering with Mr. Deng and controlling shareholder and executive director Mr. Tian to establish a new joint venture focused on operating an online mall and community ready-to-eat shops. The joint venture will have initial registered capital of RMB20 million, of which Xiaocaiyuan Catering will contribute 70%, with the remaining 30% provided by Mr. Deng and Mr. Tian, and may be further capitalised up to cumulative contributions of RMB85 million from Xiaocaiyuan Catering, RMB10 million from Mr. Deng and RMB5 million from Mr. Tian; it will be a non-wholly owned subsidiary and is classified as a connected transaction under Hong Kong listing rules, triggering reporting and announcement obligations but not requiring independent shareholder approval. The move underscores Xiaocaiyuan’s strategic push into online and community-based ready-to-eat retail formats, potentially broadening its revenue streams and deepening its footprint in convenience-driven food consumption channels while involving a controlling shareholder in a regulated related-party structure.

More about Xiaocaiyuan International Holding Ltd.

Xiaocaiyuan International Holding Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates through its wholly owned subsidiary Xiaocaiyuan Catering in the catering and food services sector, and is expanding into digitally enabled retail formats such as online malls and community-focused ready-to-eat shops aimed at local consumer markets.

Average Trading Volume: 1,838,476

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$10.26B

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