Core Viewpoint - The passing of Chen Yong'an, the founder and controlling shareholder of Tai Hing Group, marks a significant change in leadership for the company, which has been facing challenges in the mainland market and has seen a decline in the number of its restaurants [2][4][6]. Group 1: Leadership Changes - Chen Jiakang has been appointed as the new chairman of the board, while Chen Shufang has been appointed as the vice-chairman, effective immediately [6]. - Chen Jiakang, aged 44, is the son of the late Chen Yong'an and has been with Tai Hing Group since 2009 [6]. Group 2: Company Background - Tai Hing Group was founded in 1989 with the opening of its first fast-food restaurant, "Tai Hing Shao Wei," in Hong Kong [6]. - The company expanded into mainland China in 2004 and went public on the Hong Kong Stock Exchange in June 2019 [6]. - Currently, Tai Hing Group operates 18 restaurant brands, including "Tai Hing," "Min Wah Ice Hall," and "Tea Wood," with over 210 locations [6]. Group 3: Financial Performance - For the first half of 2025, Tai Hing Group reported a revenue of HKD 1.712 billion, representing a year-on-year growth of 6.2% [9]. - The net profit attributable to shareholders reached HKD 40.81 million, showing a significant increase of 280.75%, with a gross margin of 73.4% [9]. Group 4: Market Challenges - In recent years, Tai Hing Group has been reducing its number of restaurants in the mainland market, with the number of locations decreasing from 63 in 2019 to 31 projected for 2024 [9].
知名品牌突发公告，66岁创始人辞世，44岁儿子接任，官网已变黑白