Group 1 - McDonald's Hong Kong plans to phase out approximately 23 properties, starting with the sale of 8 shops valued at around HKD 1.2 billion [2][5] - The company stated that this move is part of a regular review of its properties to optimize its real estate portfolio, and the restaurant operations will not be affected by the sales [5] - The 8 shops for sale are located in key areas such as Tsim Sha Tsui, Causeway Bay, Mong Kok, Kennedy Town, Tai Kok Tsui, Yuen Long, Tsuen Wan, and Chai Wan [5] Group 2 - McDonald's operates under three franchise models: traditional franchising, developmental franchising, and joint ventures, with rental income being a significant part of its business model [5] - The company has a strong focus on maintaining high profit margins and stable cash flow through its rental income, which also supports the operational stability of its franchise locations [5] - McDonald's is committed to continuing its development in the Hong Kong market, celebrating its 50th anniversary this year with various activities [6]