TANSH Global Food Group Co., Ltd, Ltd Announces Loss Guidance for the Year Ended 31 December 2020

Shanghai XNG Holdings Ltd, formerly TANSH Global Food Group Co Ltd, is an investment holding company principally engaged in the operation of chain restaurants. The Company's main business is TANSH Global Business, including main brands: Shanghai Min, Maison De L'Hui, The Dining Room, Oreno, Wolfgang Puck and DOUTOR. The Company is also engaged in the provision of To Business (2B) solutions for high-end wedding banquets. The Company operates business both online and offline. On the online front, the operates business on Tmall, Jingdong, and Tik Tok. On the offline front, the Company introduced foreign fast-food brands to China, as the Company operates a wide range of mid-to-high end Chinese and Western restaurant brands. The Company mainly conducts its businesses in Mainland China and Hong Kong.