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Beneway’s Subsidiary I.Hart Group Opens 5 Monga Stores in China, Aims for 1200 Stores in 5 Year, Establishes Franchise Headquarters, Scales Up Operations & Factory Production To Further Support US Development and Accelerate Beneway’s IPO with Growing

NEW YORK, NY AND TAIPEI, TAIWAN / ACCESS Newswire / January 22, 2025 / Beneway Holding Group Ltd. and its subsidiary, I.Hart Group, celebrate the most anticipated grand openings of 5 new Monga© stores in China and expect to open one thousand two hundred stores within 5 year. I.Hart also announces the opening of its franchise headquarters where day-to-day franchise operations are managed. It has scaled up its US operations by adding new equipment and food product lines. To further support US development and accelerate Beneway's IPO with Growing Distribution Channels Across All 50 States.

I.Hart Group operates approximately 200 global chain and franchise locations, representing a diverse portfolio of 13 prominent brands, including renowned offerings like hot pot, Monga Taiwan-style fried chicken, artisanal flower teas, dumplings, Dim Sum, and Thai cuisine. Its state-of-the-art processing facilities, certified to ISO and HACCP standards, are led by 5-star chefs and supported by award-winning R&D teams. Many of their signature dishes and bespoke products have garnered multiple prestigious national culinary accolades and have consistently dominated international competitions. Additionally, I.Hart Group proudly co-brands with industry giants such as Heineken and 7-Eleven, both recognized on Forbes' list of top companies.

In the US, Beneway has strategically assembled robust distribution, OEM, and franchising teams for the East Coast, positioning us for aggressive growth. Beneway is introducing an expanded array of innovative equipment and food product lines. Our state-of-the-art manufacturing and processing facilities in both the US and Asia, backed by well-established supply chain networks, are proud to support globally recognized food and beverage brands. Additionally, these facilities offer an extensive selection of restaurant equipment and supplies, all efficiently streamlined through our US hub for seamless distribution.

"With Beneway's aggressive scaling of its U.S. operations, this strategic growth will fuel Beneway's global chain and franchise expansion, directly supporting its IPO valuation and trajectory. We remain committed to driving innovation through new products and marketing strategies that enhance our competitiveness, fortify brand presence, and accelerate development in the U.S. market. Our unwavering goal is to achieve greater profitability and generate lasting prosperity for all stakeholders." said Hank Wang, CEO

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology. However, not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at which such performance or results are achieved. This press release is considered considering all Company filings contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

Contact

Beneway Holdings Group
New Release Department
929-391-2550

SOURCE: Beneway Holdings Group



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