Guoquan Food shifts HK$173.8 million of IPO proceeds to factory investment

• Guoquan Food issued a supplemental clarification on its proposed change in use of unutilized Global Offering proceeds.
• HK$173.8 million to be reallocated to building, investing in, or acquiring factories, citing more immediate funding needs.
• HK$139.5 million to be moved from self-operated store expansion, with HK$40 million still earmarked for that purpose.
• HK$34.3 million to be shifted from product R&D centers and equipment, leaving HK$10 million reserved for R&D.
• Factory investment framed as strengthening supply chain control, stability, and flexibility; only HK$2.2 million previously allocated to factories remained unspent.

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. Guoquan Food (Shanghai) Co. 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-20260909-12326360), on September 09, 2026, and is solely responsible for the information contained therein.