Group 1 - The company has recently ceased operations in Singapore, believing this decision aligns with the best interests of the company and its shareholders, allowing for resource concentration on other core businesses [1][2] - The company operates two bakeries in Singapore and has a subsidiary in China, focusing on smart beverage vending machines [1] - The Singapore operations accounted for approximately 14.6% of the company's total revenue for the six months ending December 31, 2024, with an unaudited loss of 43,149 Singapore dollars during the same period [1] Group 2 - The board has determined that the business environment in Singapore is challenging, with ongoing losses in operations and a deteriorating market outlook for the restaurant industry [2] - The company has implemented cost control measures to mitigate losses, particularly due to rising rental costs, leading to the decision not to renew several expiring leases [1][2] - Overall, the board concluded that continuing operations in Singapore is no longer commercially attractive due to the bleak future prospects [2]
环球友饮智能(08496)已于近期停止在新加坡的业务运营