CSC, our first brand established in 1996, is our interpretation of Sichuan cuisine, the most popular Chinese cuisine, on the modern stage of quick service restaurants. As a professional Sichuan chef, Ms. Li Hong (李紅) has a special passion for Sichuan culinary arts. To bring out the best of Sichuan style cooking, we have insisted on preparing food freshly onsite at all of our CSC restaurants with carefully chosen ingredients and providing classic Sichuan cuisine with incredible depth and complexity of flavors combining hot, numbing, sweet, sour, savory and nutty notes. We take special pride in our 26-year endeavor to keep our delicious dishes affordable, building CSC into an everyday dining option for all. To meet the dining needs of a wide range of customers of different ages, CSC places its restaurants in diversified locations and offers a variety of choices throughout the day. With its longstanding commitment to pursuing excellence while charging reasonable prices, CSC has become one of the most beloved Chinese quick service restaurants in the major markets where it is present. According to a consumer survey conducted by Frost & Sullivan, CSC ranked first in terms of top-of-mind brand awareness of Chinese QSR brands in Southwest China. CSC is particularly popular among younger generations. In 2020, it was named the most popular Chinese quick service restaurant among young people by Alipay. As of December 31, 2022, we operated 551 CSC restaurants in China.

We expanded our Country Style Cooking restaurant network to Suzhou, Jiangsu and Hangzhou, Zhejiang

We expanded our Rice Space restaurant network to Shenzhen, Guangdong

We expanded our Rice Space restaurant network to Shanghai

Our Company received RMB300 million in financing from Sequoia Capital China Growth

We opened our 500th Rice Space restaurant in China

We opened our 1,000th restaurant in China

The number of our Rice Space restaurants in Wuhan, Hubei exceeded 100

We opened our 500th Country Style Cooking restaurant in China

We opened our 100th Rice Space restaurant in China

Our Company was incorporated as the new offshore holding company of our Group

We opened our first Rice Space restaurant in Chongqing

We opened our 100th Country Style Cooking restaurant in China CSC Cayman was listed on the NYSE

We expanded our Country Style Cooking restaurant network to Chengdu, Sichuan

CSC Cayman was incorporated as the then offshore holding company of our Group

We opened our first Country Style Cooking restaurant in Chongqing

Entering the Shenzhen market in 2021

with more than 268 directly-operated stores nationwide

the number of stores nationwide exceeded 100

Rice Space brand was established, and the first store in China opened in Chongqing