"Funnew Spot" expands its business nationwide via franchise mode and currently operates over 100 chain stores in more than 50 cities in China, including Xiamen, Quanzhou, Chengdu, Wuhan, Beijing, Shanghai, Guangzhou, etc.
The brand concept of "Funnew Spot" is natural and healthy. It is an extension of Tenfu's current business which further expands Tenfu's value chain in the tea industry.
In the meantime, Tenfu acquired Xiamen Tianyu Commerce and Trading Co., Limited, an online retailer operating on many online platforms amongst which Tmall and Taobao are the main ones. The acquisition benefits the company in enhancing brand awareness and broadening customer base.
About Tenfu (Cayman) Holdings Co., Ltd. (Stock Code: 06868.HK)
Tenfu is a leading traditional Chinese tea-product enterprise in the People's Republic of China (the "PRC") engaged in the sale and marketing of a comprehensive range of tea products and the development of product concepts, tastes and packaging designs. Our key products are tea leaves, tea snacks and tea ware. The Group offers products under brands such as Tenfu, Tenfu Ten Xin, Danfeng, Uncle Lee, Funnew Spot etc. which are sold through a nationwide network of self-owned and third-party owned retail outlets and retail points. The Group has 1,343 retail outlets and retail points across 30 provinces, autonomous regions and municipalities in the PRC.
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