Yoshiharu announces strategic partnership with Chengdu Octaday Entertainment Group for Sichuan Province, China

Agreement to expand international footprint and introduce Yoshiharu Global’s growing cuisine to multiple hotel locations

BUENA PARK, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) — Yoshiharu Global Co. (NASDAQ: YOSH) (“Yoshiharu” or the “Company”)A restaurant operator specializing in authentic Japanese ramen and rolls has signed a non-binding Memorandum of Understanding (“MoU”) with Chengdu Octaday Entertainment Group for a Master License Agreement (“MLA”) for Sichuan Province, China The Growing Cuisine of Yoshiharu Global is located in Sichuan Province, China, with a rich and diverse culture and home to over 83 million people.

Chengdu Octaday Entertainment Group is a Chinese company operating in the entertainment and cultural industry. The company is based in Chengdu, a major city in southwest China, and operates in various areas of the entertainment business, including theme parks, cultural tourism and media production. The company is known for developing and managing large entertainment projects such as theme parks and attractions, which often incorporate elements of Chinese culture and history.

Following Yoshiharu’s recent partnership to open a flagship restaurant in Shenyang, China, this MoU illustrates the momentum of Yoshiharu’s international growth, with the goal of, among other things, opening locations in Chengdu Octaday Entertainment Group’s 30 company-owned and managed hotels in Sichuan Province Opportunities.

“I am pleased to announce our new strategic partnership with Chengdu Octaday Entertainment Group and our continued expansion into the Chinese market, the company’s second such announcement this month,” said James Chae, President, CEO and Chairman of Yoshiharu. “The opportunity to work with Chengdu Octaday Entertainment Group provides numerous opportunities to showcase Yoshiharu’s growing presence and cuisine in Sichuan Province, including Chengdu Octaday’s 30 company-owned and managed hotels and theme parks, as well as other destination attractions. This announcement also highlights Yoshiharu’s expansion in strategic Chinese cities and provinces, as well as our recent acquisition of three restaurants in Las Vegas and expansion into the Korean BBQ segment, all of which position us for further growth opportunities.”

About Chengdu Octaday Entertainment Group

Chengdu Octaday Entertainment Group is a Chinese company operating in the entertainment and cultural industry. The company is based in Chengdu, a major city in southwest China, and operates in various areas of the entertainment business, including theme parks, cultural tourism and media production.

The company is known for developing and managing large entertainment projects such as theme parks and attractions, which often incorporate elements of Chinese culture and history. Chengdu Octaday is also involved in the creation of multimedia content, including films, television programs and digital media, aimed at both domestic and international audiences.

About Yoshiharu Global Co.

A fast-growing restaurant operator, Yoshiharu was born from the idea of ​​introducing the modernized Japanese dining experience to customers around the world. Yoshiharu specializes in Japanese ramen and gained recognition as a leading ramen restaurant in Southern California within six months of its debut in 2016. The Company has continued to expand its premier restaurant service in Southern California and Las Vegas and currently owns and operates 14 restaurants.

For more information, visit www.yoshiharuramen.com.

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding our position in implementing our growth strategy and our ability to expand our leadership position. These forward-looking statements include, but are not limited to, the Company’s beliefs, plans, objectives, goals, expectations, assumptions, estimates, intentions, future performance, other statements that are not historical facts, and statements identified by words such as ” “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates” or words of similar meaning. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected or implied in these forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies achieved or achieved. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. This is due to various factors, including the risks and uncertainties described in the Risk Factors and Management’s Discussion and Analysis of Financial Condition sections of our filings with the SEC, including our Form 10-K dated as of year ended December 31, 2023, and subsequent reports that we file with the SEC from time to time and which are available on the SEC’s website at www.security.com. sec.gov. These risks, uncertainties and other factors include, but are not limited to: the risk that our plans to maintain and increase liquidity may not be successful in offsetting our prior operating losses; the risk that we may not be able to successfully implement our growth strategy if we are unable to find suitable locations for restaurant locations, expand into existing and new markets, obtain favorable rental terms, attract guests to our restaurants or hire staff and hold; that our operating results and growth strategies will be closely linked to the success of our future franchise partners and we will have limited control over their operations; the risk that we may face negative publicity or reputational harm that could arise from concerns about food safety and food-borne illness or other matters; the risk that minimum wage increases and mandated employee benefits could result in significant increases in our labor costs; and the risk that our marketing programs may not be successful and our new menu items, advertising campaigns and restaurant designs and remodels may not generate increased sales or profits. We urge you to consider these risks and uncertainties when evaluating our forward-looking statements. We caution readers not to place undue reliance on such forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Investor Relations Contact:
Larry W. Holub
director
MZ North America
[email protected]
312-261-6412