The board of directors of Taste Gourmet Group Limited announced that the Company through its wholly-owned subsidiary has entered into a Franchise Agreement with an independent third party to license the rights to the exclusive and unlimited usage in Hong Kong and Macau of a Japanese tonkatsu brand "Tsukanto" (the "Franchise") from Tokyo, Japan. The Franchise is for a period of six years commencing 11 April 2023 (the "Initial Franchise Period") and the Franchise Agreement is automatically extended for a further six years in the event that no objection is made by either party six months prior to the end of the Initial Franchise Period. Created by.

Mr. Ohashi Naotaka, whom is also the brand owner and franchiser of one of restaurants "Tirpse", has worked for Hiramatsu Restaurant in Japan, Cordeillan-Bages in France and the Michelin Three-starred Quintessence in Tokyo before opening Tirpse. Tontaksu is Japanese for breaded deep-fried dishes usually pork cutlet. Mr. Naotaka also collaborates with bright young Japanese chefs from Paris restaurants such as Vivant and Sola and organizes engaging events that bring young chefs from distinguished French restaurants of the likes of Quintessence and Esquisse.

New Lease Agreement. The basic terms of the New Lease are as follows: The Tsukanto Restaurant, The Elements, Tsim Sha Tsui. Location: Shop 1002, Lease Term: 3 years with an option to renew for a further 3 years, Lease Commencement Date: 11 April 2023.

The landlord is a major property developer and operator of premium shopping malls in Hong Kong. To the best of the Directors' knowledge, information and belief having made all reasonable enquiries, as at the date of this announcement, the landlord is an independent third party of the Company (as defined in the GEM Listing Rules).