BreadTalk Group Limited Announces Impairment Charges for the Fourth Quarter Ended December 31, 2019

BreadTalk Group Limited is a Singapore-based investment holding company. The Company is engaged in the provision of management services. The Company has organized its business units based on the products and services, and has three operational segments, such as the bakery segment, the food court segment and the restaurant segment. The bakery segment is engaged in the business of manufacturing and retailing of all kinds of food, bakery and confectionary products, including franchising. The food court segment is involved in the management and operation of food courts, and food and drinks outlets. The restaurant segment is engaged in the business of operating food and drinks outlets, eating houses and restaurants. Its subsidiaries include BreadTalk Pte Ltd, which is a baker and manufacturer of and dealer in bread, flour and biscuits; Together Inc. Pte Ltd; Star Food Pte Ltd, and BTG Vault Pte.Ltd., which is engaged in acquiring and holding of intellectual property rights.