A premier retailer of specialty teas and baked goods based in Hunan, China, announced that it received the approval from the Commercial Franchise Enterprise Administration and was approved to seek franchisees for growth opportunities throughout China. Hunan Ming Yun Tang Brand Management Co., Ltd. (“Hunan MYT”), the Company’s variable interest entity, has officially obtained the “Business Franchise Enterprise” license issued by the Hunan Provincial Department of Commerce...
