Guangzhou Taotaoju Food Co., Ltd announced that it has entered into an agreement to issue common shares on December 4, 2019. The transaction will include participation from returning investor, Guangzhou Restaurant Group Company Limited (SHSE:603043), Guangzhou Fashion Gourmet Group Catering Management Co., Ltd., and another investor. Post the transaction, Guangzhou Restaurant Group Company Limited (SHSE:603043) will hold 55% stake and Guangzhou Fashion Gourmet Group Catering Management Co., Ltd., along with other investor will hold 45% stake in the company.