Chinese hotpot restaurant chain Little Sheep has announced that Wang Daizong, chief financial officer of Little Sheep, has resigned.

Chinese hotpot restaurant chain Little Sheep has published its annual financial report for 2009, stating that its operating revenue increased by 23.5% year-on-year from CNY1.27 billion to CNY1.57 billion; while its net profit increased by 20.7% year-on-year from CNY129 million to CNY155 million.

Chinese hot pot restaurant chain Little Sheep has announced that it is selling its 69% stake in Little Sheep U.S. to Wang Fang, the director of Little Sheep's previous subsidiary in Canada, for USD345,000.

Chinese hot pot restaurant chain Little Sheep has announced that its chief operating officer, Yang Yaoqiang, has resigned from the post of executive director and COO for personal reasons.

The international food and beverage giant Yum! Brands plans to acquire an additional 7.3% stake in the Chinese hot pot restaurant chain Little Sheep after taking a stake of over 20% in the company earlier this year.

Chinese hotpot restaurant chain Little Sheep has published its semi-annual financial report for the first half of 2009.