Tian Yuan advised Green Tea Group Limited ("Green Tea Group" or the "Company"), a well-known casual Chinese restaurant operator, on its successful initial public offering and listing on the Main Board of the Hong Kong Stock Exchange on May 16, 2025, under the stock code 6831. Citigroup and CMB International acted as joint sponsors for the offering. 

 

With restaurant chain operations at its core, Green Tea Group established its first flagship "Green Tea Restaurant" in Longjing in 2008. After seventeen years of expansion, the Company now operates 493 restaurants across 21 provinces, four municipalities directly under the central government, and two autonomous regions in China. According to a CIC report, Green Tea ranked third by number of restaurants and fourth by revenue among casual Chinese restaurant brands in mainland China in 2024. The Company initiated its overseas expansion plan in 2024, and by March 2025 had opened four outlets in Hong Kong, with plans to establish more locations in cities, regions and countries outside mainland China to share Chinese culture and culinary excellence with quality-seeking consumers worldwide. 

 

As PRC legal counsel to the joint sponsors Citigroup and CMB International, Tian Yuan's team played an integral role throughout the listing process. Leveraging profound insights into the consumer sector and extensive practical experience, the team's exceptional expertise and efficient, rigorous approach contributed significantly to the successful listing, earning high recognition from all parties involved. 

 

The project was led by Tian Yuan's Senior Partner Xiangping Wang, with support from Partner Yiming Zhang and capital markets lawyers Jiarui Chen, Yang Yang, Yajiao Liao and Jiayi Liu.