Shanghai XNG Completes Sale of Xiao Nan Guo Unit for HK$ 800,000

• Shanghai XNG Holdings completed the sale of its entire stake in Xiao Nan Guo (Hong Kong) Catering Group on October 30, 2026.
• Thai investor Veerayuth Arnupapmongkol paid HKD 800,000 in cash for the business.
• The disposal removes approximately RMB 169.2 million in net liabilities and is expected to generate an unaudited gain of RMB 169.9 million.
• The divested group's restaurant operations ceased in February 2026; the buyer plans to develop the Shanghai Xiao Nan Guo brand outside mainland China.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai XNG Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261101-12391729), on November 01, 2026, and is solely responsible for the information contained therein.