Guangzhou Restaurant Group (603043.SH) intends to transfer all equity of three subsidiaries to its subsidiary marketing management company to integrate multiple businesses.

Guangzhou Restaurant Group (603043.SH) announced that the company plans to transfer all the equity of its wholly-owned subsidiaries, Guangzhou Restaurant Group Luxford Marketing Co., Ltd. (referred to as "Marketing Company"), Guangzhou Restaurant Group E-commerce Co., Ltd. (referred to as "E-commerce Company"), and Guangzhou Restaurant Group Luxford Chain Co., Ltd. (referred to as "Chain Company"), to its wholly-owned subsidiary, Guangzhou Restaurant Group Food Marketing Management Co., Ltd. (referred to as "Marketing Management Company"), based on the audited book value of the equity as of December 31, 2023. After the equity transfer is completed, Marketing Company, E-commerce Company, and Chain Company will become subsidiaries of Marketing Management Company, which will be responsible for integrating the businesses of Marketing Company, E-commerce Company, and Chain Company, and coordinating the marketing strategies, operation management, channel layout, market analysis, supply chain management, and logistics management of the company's food sales business.