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Xiao Nan Guo

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2026

    Shanghai stores close en masse; unpaid wages and prepaid-card refund difficulties

    In February 2026, all Shanghai Xiao Nan Guo stores closed en masse; employees said wages had been unpaid for more than three months, the boss had not appeared for months, suppliers were pursuing unpaid goods payments, and consumers were blocked from getting prepaid-card refunds. The listed company's debt-to-asset ratio exceeded 250%, and a subsidiary was listed as a dishonest judgment debtor. A prepaid-card refund plan was announced.

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