FOSHAN OG Company limited

On January 1, 2018, it was put into trial operation in 13 cities such as Beijing and Shanghai. As of May 2018, 525 stores had been completed. After four months of running in of products, processes and operation systems, it was announced to be officially opened on May 8. X coffee has completed about 3 million orders, sold about 5 million cups of coffee and served more than 1.3 million users. On April 18,

(xckin coffee) announced its entry into the light food market. From August 2 to the end of the year, all light foods in all stores across the country will be given a 50% discount. Since the operation of X coffee, 809 stores have been completed,. X coffee has launched various light food products, including muffins, sandwiches, croissants and so on.

On July 11, 2018, X coffee announced the completion of round a financing of US $200 million, with a post investment valuation of US $1 billion.

On December 12, 2018, X coffee announced the completion of round B financing of USD 200 million, with a valuation of USD 2.2 billion.

On December 25, 2018, X coffee Shanghai New World Daimaru department store was officially opened, announcing the birth of the 2000th store, which also marks the completion of Xiaolan cup's store opening plan in 2018 one week ahead of schedule.

As of December 31, 2018, X coffee had opened 2013 stores in 22 cities across the country, including 1897 physical stores and 176 takeout kitchens. The number of end consumer customers was 12.54 million, and 89.68 million cups were sold. The repurchase rate of users in three months is greater than 50%. According to the reporter of Securities Daily, Xiaolan cup has been stationed in well-known domestic office buildings and university campuses. In addition, X coffee completed two financing transactions in 2018, including $200 million in round a financing on July 11, 2018 and $200 million in round B financing on December 12 of the same year.

In January 2019, X coffee announced that it would open 2500 new stores nationwide, with a total number of more than 4500 stores, surpassing Starbucks in terms of stores and cups.

In February 2019, X coffee announced that it would successively settle in 18 large and medium-sized cities such as Shijiazhuang, Shenyang, Guiyang and Zhuhai by the end of April, plus 22 cities opened last year. At that time, the number of cities settled in China will reach 40.

On April 1, 2019, X coffee (China) Co., Ltd. added a new chattel mortgage information. The mortgagee is the secured creditor's right, and the amount is 45 million yuan. X's chattel mortgages are coffee machines, milk boxes and powder warehouses, and the items are located in stores in Beijing, Shanghai, Guangzhou, Shenzhen and other places.