Welife Technology Ltd, formerly Palace Banquet Holdings Ltd, is an investment holding company mainly engaged in the operation of restaurants. It operates Chinese restaurants under the brand names of Palace and Royal Courtyard. The Company is involved in the provision of Cantonese dining services and banquet services. The Cantonese dining services include the provision of Cantonese food, dim sum and seasonal food. Seasonal food includes rice cakes, rice dumplings, and moon cakes, among others. The Company also provides banquet services for events, including wedding, birthday parties, graduation dinners, babies’ hundred days celebration, corporate annual dinners and other celebration dinners.

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