The Board of Directors of BreadTalk Group Ltd ("the Company") is pleased to announce that BreadTalk Pte Ltd, a wholly owned subsidiary of the Company, has signed two new master franchise agreements:-
(1) For Malaysia, with ML Breadworks Sdn Bhd; and
(2) For the Philippines, with BreadTalk Philippines, Inc. a member of Wilson Chu's Group of Companies
Please refer to the attached press release for details.
None of the directors or substantial shareholders of the Company has an interest, direct or indirect, in the aforesaid transactions.
Barring unforeseen circumstances, the Group expects a positive contribution to its earnings from these two new franchises for the financial year ending 31 December 2003.