Thank you for your efforts here Gassin. I haven't had time to...

Thank you for your efforts here Gassin. I haven't had time to add input (or post here for a long time), but I am very happy to see action is being taken to get some answers for shareholders.

It is particularly important at this moment in time because soon Xu will have the rights to buy and sell shares in the company (sometime in November from memory). This stock has always traded far below any local counterpart due to the risk of fraud. The next chapter in the story will unfold when Xu is able to trade in the shares himself. Will he be a buyer or seller?

I don't know if there is any way for the company to actually demonstrate that the money 'invested' in updating franchised stores was truly used for this cause. This is why it is such a suspicious outlet for such a huge chunk of the company's finances - particularly when Xu has been holding out on the expected dividend by saying they need to hold onto cash. Dubious is probably not strong enough of a word for what has been going on.

Even if the the renovations were legitimate I was always surprised why they would put so much focus there and next to nothing on the web side.

Sorry for the negativity. Thanks for all involved with the letter, I hope this all turns out to be a storm in a tea cup and a legitimate and honestly accounted company.