Future Plans

We intend to implement the following future plans and business strategies:-

Establish new outlets in Singapore

As at the Latest Practicable Date, we had 14 outlets under the name of "Soup Restaurant" and three outlets under the name of "Dian Xiao Er" across Singapore. We intend to increase the number of outlets to reach out to a wider customer base. Subject to the condition of Singapore's economy, the availability of strategic locations, terms and conditions of the leases, as well as our financial position, we intend to open two outlets in the next two financial years.

Regional business expansion

We intend to expand our business operations regionally through direct investments, joint ventures and/or franchising. Where opportunities arise, we will consider setting up on our own, enter into joint ventures and/or establish franchise arrangements with suitable parties who are more familiar with the business risks and other associated factors in the countries. As at Latest Practicable Date, we had a Franchisee operating one franchised outlet in Jakarta.

Refurbishments of our outlets and facilities

We intend to refurbish and upgrade our existing outlets, where necessary, in order to provide a better dining atmosphere and environment for our customers. We also intend to upgrade our facilities and equipment to improve our operational efficiency. We have set aside S$500,000 from the proceeds raised from the Invitation for such purposes.

We intend to expand our business through acquisitions, joint ventures or strategic alliances

We plan to expand our business through acquisitions, joint ventures or strategic alliances with parties who can strengthen our market position, add value to our existing business, as well as enable us to expand into new food related businesses. To date, we have not identified any potential party to acquire its business or to form joint ventures or strategic alliance with. Should the opportunity arise, we will seek approval, where necessary, from our Shareholders and the relevant authorities as required by the relevant law and regulations.