[ET Net News Agency, 8 November 2021] Haidilao International Holding Ltd. (06862) said
the group has decided to shut down or suspend the operation of about 300 Haidilao
restaurants with relatively low customer traffic and unsatisfying results of operations
gradually by 31 December 2021, of which some restaurants will be temporarily closed of no
more than two years and resume operation in appropriate times.
The company will not lay off employees and will properly settle the employees of such
restaurants within the group. (RC)