80 million yuan of liquidity added to Xiang-e situation

Beijing Xiang-E Sentiment Co., Ltd. (002306) issued a notice yesterday that it would use over $80 million to replenish the company's working capital.　　According to the plan, of which 30 million yuan will supplement the old shop liquidity, 15 million yuan to supplement the new store liquidity, 15 million yuan to purchase drinks, 15 million yuan to purchase the ginseng and cordyceps sinensis, 5 million yuan to purchase other materials. Xiang-E sentiment said that the expansion of the company's business, the start-up of new stores and the renovation of old stores, is the urgent need to replenish the main reason for liquidity. It is reported that the first half of this year, the company's original stores operating income than last year, 11.49% growth, demand for liquidity has increased; As of September this year, the company acquired the Shanghai shop, Lhasa, Tibet, opened a new Canton Canal stores, Xidan two stores, Nanjing Shop, Shipping Warehouse shop, Wuhan Hongshan shop Wedding Hall also completed the decoration into operation,　　Demand for liquidity; Xidan first stage shop, Southwest four ring shop, Tai Cheng Road shop, North four ring shop renovation, occupy a lot of liquidity, so that the company's liquidity supplement is very urgent. In addition, since this year, the price rise has become a trend, the CPI index is rising, the company's raw materials procurement is facing inflation, price rise in the great pressure. In order to reduce the purchasing cost of beverage and large amount of precious raw materials, relieve the inflationary pressure and realize the Full-year profit target, it is necessary to use large quantities of liquidity to purchase reserves beforehand.