Summary by Moomoo AI
Niseko's Tea Holdings Limited (the “Company”) announced in its 2023 Fourth Quarter Operations Report that the Company added 214 direct stores in the three months ended December 31, 2023, and closed 14, for a total of 1,574 direct stores. In the quarter, the market reacted positively after the launch of the “Niseko Yaka” series based on its classic products, and the store performed better than expected. However, the company is also closing its loss-making subsidiary Daigo, which is expected to result in tens of millions of yuan in closing losses. The Board of Directors is reminded that the information contained in the announcement has not been reviewed or reviewed by an independent auditor and may be subject to adjustment. Investors should exercise caution when buying and selling the Company's securities.