The first day of new shares | XIAOCAIYUAN (00999) debuted on the market with an opening price 5.88% higher in early trading.

XIAOCAIYUAN (00999) made its debut on the stock market, and the announcement shows that the price per share is 8.5 Hong Kong dollars, with a total issuance of 101.2 million shares, in units of 800 shares per lot. The net proceeds are expected to be approximately 795 million Hong Kong dollars. As of the time of writing, the stock has risen by 5.88%, trading at 9 Hong Kong dollars, with a trading volume of 13.156 million Hong Kong dollars. XIAOCAIYUAN is one of the well-known Chinese popular casual dining chain restaurants, ranking among the top in the industry in terms of business scale and growth rate. XIAOCAIYUAN's signature dishes include braised pork, clay pot chicken, and stinky mandarin fish, which are famous for Anhui cuisine. As of the last feasible date, the company has 623 operating directly operated stores covering 135 cities or counties in 13 provinces in China. Currently, the main operating region of the company's stores is in the East China region, and the company has also expanded its store network to other regions in China. According to Frost & Sullivan, in terms of 23 years of store revenue, "XIAOCAIYUAN" ranks first among all brands in the Chinese popular casual dining market, with an average customer spending of 50 to 100 RMB, capturing 0.2% market share. In terms of revenue, the scale of the Chinese popular casual dining market with an average customer spending of 50 to 100 RMB is expected to be 2.2529 trillion RMB in 2023, accounting for 55.2% of the overall Chinese dining market.