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Welife Technology Ltd
Unit 2, 14/F,
Win Century Centre, No.2A Mong Kok Road
Phone: +852 28348016p:+852 28348016 Hong Kong, Hong Kong Ticker: 17031703
Business Summary
Welife Technology Ltd, formerly Palace Banquet Holdings Ltd, is an investment holding company mainly engaged in the operation of restaurants. It operates Chinese restaurants under the brand names of Palace and Royal Courtyard. The Company is involved in the provision of Cantonese dining services and banquet services. The Cantonese dining services include the provision of Cantonese food, dim sum and seasonal food. Seasonal food includes rice cakes, rice dumplings, and moon cakes, among others. The Company also provides banquet services for events, including wedding, birthday parties, graduation dinners, babies’ hundred days celebration, corporate annual dinners and other celebration dinners.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/20233/31/2023Yes----

Industries
SIC Code Description
5812 Eating places
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Chairman of the Board Zhi XiongHu 56 1/27/2022 1/27/2022
Executive Director Kar WaiTam 61 1/27/2022 7/6/2020
Head of the Dim Sum Division Kim HungYu 54 6/1/2020 6/1/2020
Company Secretary Tat KeungWong 53 11/24/2023 1/27/2022

General Information
Number of Employees: 224 (As of 3/31/2023)
Outstanding Shares: 1,150,000,000 (As of 3/31/2023)
Stock Exchange: HKG
Fax Number: +852 28348012


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Monday, April 15, 2024