Core Points - The founder and chairman of Tai Hing Group, Chen Yong'an, passed away on November 24 at the age of 66, marking the end of an era for the renowned restaurant chain [1][4][6] Company Overview - Chen Yong'an founded Tai Hing Group 36 years ago and significantly contributed to its development and success through his visionary leadership [4][6] - Under his guidance, Tai Hing evolved from a single restaurant into Hong Kong's largest self-operated casual dining group, with over 200 locations across Hong Kong, mainland China, and Macau [6][7] Leadership Transition - Following Chen Yong'an's passing, his son, Chen Jiaqiang, has been appointed as the new chairman of the board, while Chen Yong'an's cousin, Chen Shufang, has been named vice-chairman [7] - Chen Jiaqiang joined Tai Hing in 2009 and has been responsible for brand planning, product promotion, and digital transformation initiatives [7]

Core Viewpoint - The founder and chairman of Tai Hing Group, Chen Yong'an, passed away on November 24, 2023, which marks a significant loss for the company and the industry [1][4][6]. Company Overview - Tai Hing Group was established in 1989 in Hong Kong and has expanded to include 18 restaurant brands, with over 210 locations across Hong Kong, mainland China, and Macau [9]. - The company initially started as "Tai Hing Roast Meat" and has evolved its brand strategy since 2008, leading to its listing on the Hong Kong Stock Exchange in June 2019 [9]. Recent Developments - In recent years, Tai Hing Group has been closing stores in mainland China, with the number of locations decreasing from 63 in 2019 to only 4 remaining as of now [11][14]. - The last store in Guangzhou closed in March 2024, marking a significant reduction in its presence in the mainland market [13]. Leadership and Contributions - Chen Yong'an had over 30 years of experience in the restaurant industry and was appointed as a Justice of the Peace by the Hong Kong government in 2020, reflecting his contributions to both the company and the community [6]. - The company has expressed its commitment to uphold Chen's vision and mission following his passing [4].