Katrina Group Ltd. Reports Write-Off of Property, Plant and Equipment for the Third Quarter Ended September 30, 2023

Katrina Group Ltd. is a Singapore-based investment holding company. The Company develops, owns, and operates a chain of food and beverage (F&B) brands and hospitality properties. Its principal activities include restaurant operators and residential real estate management. Its segments include Food and beverages and Hospitality. The Food and Beverage business specializes in multi-cuisine concepts and restaurant operations. It has approximately 27 restaurants in Singapore and one restaurant in Indonesia under 5 different F&B brands. The Hospitality business offers fully furnished corporate serviced apartments under the brand of ST Residences; affordable luxurious co-living hotel under ST Signature and provides one-stop domestic household cleaning services under SO Services Pte. Ltd. It has approximately 62 units of service apartments, one block of service apartments and four co-living hotels. Its brands include Bali Thai, Honguo, So Pho, Streats, and Tomo Izakaya.