ABOUT US – TSC

關於TSC ABOUT US

Top Standard Corporation (TSC) is a dynamic company with a diversified business portfolio. TSC has expanded to the food and beverage industry, operating an Omakase/Sushi restaurant and a reman restaurant in Malaysia. Besides, one of its successful ventures is MOW Limited, an online ecommerce shop based in Hong Kong that specializes in wine and sake sales. With its innovative business model and commitment to quality, TSC has experienced significant growth and good development in recent years. Its various types of businesses have enabled the company to reach a wider customer base and establish itself as a prominent player in the industry.

PROSPECT

The catering industry of the whole world encountered a tough challenge amidst the continuous weakened market sentiment outbreak of COVID-19 since 2020. In view of the diminishing effect form the COVID-19, people start returning to normal life and the dine-in habits is expected to resume. The management expects that the overall economic environment and food and beverage business would be improving and is in the hope that the Group could grab this opportunity to recover from its hard time in past years.

On top of the acquisition of a bar and the online sales platform for the sales of food and beverage products implemented in 2021, the Group set up a new Japanese restaurant “Sushi MEW (HK)” in Hong Kong and have taken the first step to explore overseas market by setting up “Sushi MEW (Singapore)” in Singapore. The increase in the revenue and decrease in the loss for the year from continuing operations exhibits a positive signal of its strategy to explore new business possibilities. Under the expectation of the resumption of living style and improvement in tourism, the Group would continue to maintain its market position and diversify and stabilize its source of income by seeking for potential expansion in Hong Kong and overseas.

Cost control was an essential element for the Group to survive from the shadow of the COVID-19 and the tight Government measures. While seeking for expansion, the management would still continue to maintain tight control over the procurement of the raw materials and other costs incurred in our operations. As usual, the management also actively negotiates with the suppliers, landlords and other business partners to sort out mutually beneficial situations.

Being cautious optimistic, the Group will continue to explore new and stable business opportunities and believe that the Group could improve our profitability and competitiveness in foreseeable future.