Ronghui Holdings (08213) plans to spend 51,000 yuan to acquire 51% of Shenzhen Zhongao Catering Management Co., Ltd.

According to Zhitong Finance App, Ronghui Holdings (08213) announced that on September 1, 2026 (after the trading period), Yongyaoxing Technology (Shenzhen) Co., Ltd., an indirect wholly-owned subsidiary of the company, plans to acquire 51% of Shenzhen Zhongao Catering Management Co., Ltd. from Shenzhen Xinluhui Technology Co., Ltd. at a cost of 51,000 yuan.

According to reports, the target company mainly operates a Chinese restaurant business in Nanshan District, Shenzhen, focusing on Guangdong Shunde cuisine. The store is located in Nanshan District, Shenzhen. It occupies an entire floor area of about 1,300 square meters, has 13 private rooms, and has about 20 separate large and small tables in the lobby, which can accommodate nearly 300 people at the same time.

The board of directors believes that the acquisition will help the Group expand the catering business market in mainland China and increase the Group's operating scale and geographical coverage. Shenzhen is a core city in the Guangdong-Hong Kong-Macao Greater Bay Area. It has a large population and strong spending power, which can provide complementarity and synergy effects for the Group's existing catering business portfolio.