Investor FAQs

We are a self-operated restaurant brand primarily serving Haidilao hot pot in the international market. We are a leading Chinese cuisine restaurant brand, operating Haidilao hot pot restaurant in the international market. With roots in Sichuan from 1994, Haidilao has become one of the most popular and largest Chinese cuisine brands in the world.

As of 31/12/2023, we self-operate 115 Haidilao restaurants.

We would love to hear from you and will make every effort to respond to your inquiries in a timely manner. Investor inquiries can be directed to superhi_ir@superhi-inc.com.

Our U.S.-listed ADSs and Hong Kong-listed ordinary shares are fully fungible and can be converted in both directions. The conversion between U.S.-listed ADSs and Hong Kong-listed shares, in either direction, will generally require two business days to complete electronically under normal circumstances.

This is consistent with the conversion mechanics for other U.S. and Hong Kong-listed shares. Please reach out to your brokers for further information on procedures and costs for conversion between Hong Kong shares and ADSs.

Investors (including institutional and retail) would instruct their brokers to convert their U.S. listed ADSs into Hong Kong shares via Citibank (drcerts@citi.com/citiadr@citi.com/drbrokerservices@citi.com), acting as Depositary in NY and Custodian in Hong Kong; the investors would designate a Hong Kong account for the converted Hong Kong shares to be delivered into.

In essence, (i) the brokers would act on the instructions of the investors and liaise with Citibank NY (depositary); (ii) Citibank NY would then cancel the ADS and instruct its custodian (Citibank HK) to "withdraw" the underlying Hong Kong shares; (iii) Citibank HK would then deliver the Hong Kong shares into Hong Kong account that was designated by the investor. These steps are completed in two business days.

Process is a reverse of the above.