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Development of Xi 'an Catering Co., Ltd.

The company adheres to the business policy of "surviving by quality, occupying the market by characteristics, and seeking enterprise development by scientific management", and has shown a healthy and rapid development trend in recent years. The annual operating income has increased by more than 11%, accounting for one thousandth of the network points in Xi 'an, and the operating income has accounted for 7% of the whole city. For six years in a row, the enterprise ranks among the top 111 catering enterprises in China, and ranks among the top 11 catering enterprises in China. In August, 2117, the company won the title of "Brand China Golden Spectrum Award-Top Ten Brands of the Year in China Catering Industry" in the series of brand China overall evaluation list selection activities.

On May 28th, 2113, Xi 'an Catering announced that it had signed the Intention Agreement on Capital Increase and Share Expansion with Shaanxi Du Kang Liquor Group Co., Ltd., and the company planned to participate in the capital increase and share expansion of Du Kang Liquor Industry with cash or non-monetary assets not exceeding 211 million yuan.

Xi' an Catering said that Du Kang Liquor Industry and its affiliated enterprises have a complete industrial chain of R&D, production and sales of well-known brands of liquor, with high brand awareness and market influence. By increasing the capital and shares of Du Kang Liquor Industry, the company can quickly enter the upstream product supply industry, while extending the industrial chain and improving the product structure of the company, maintaining the quality and price stability of the upstream products, enhancing the competitiveness and occupancy rate of the company, which will help the company expand its business scale and further improve its overall profitability.