About MAN WAH HLDGS Company

Minhua Holdings Limited ("the Company," "the Group," or "we," collectively with its subsidiaries) Since its inception in Hong Kong in 1992, Minhua has remained steadfastly focused on the sofa, mattress, and smart home sectors. The Company was subsequently listed in Singapore and Hong Kong, China. In 2017, Minhua's market capitalization surpassed HK$30 billion, placing it among the top global publicly listed home furnishing companies in terms of market value. It was also one of the first companies to be included in the Shanghai–Hong Kong Stock Connect program and the Hang Seng Index, establishing itself as a large-scale, multinational smart home enterprise integrating R&D, manufacturing, sales, and service. As a globally leading supplier of high-performance functional sofas, mattresses, and other furniture, Minhua boasts a state-of-the-art manufacturing and logistics system. The Company has established twelve major production and manufacturing bases across Guangdong, Jiangsu, Tianjin, Chongqing in China, as well as in Poland, Lithuania, Estonia, Ukraine in Europe, and Vietnam in Asia, delivering healthy, comfortable, value-driven, and stylish home furnishings to consumers worldwide. Through a freight and logistics network spanning four continents, thousands of containers and tens of thousands of product sets are exported each month to destinations around the globe, ensuring swift delivery to millions of households. In China, Minhua has built a robust marketing network covering 30 provinces, autonomous regions, and municipalities directly under the central government, with more than 2,800 exclusive stores. The Company has also developed an advanced in-house logistics and distribution system to provide fast door-to-door delivery services, bringing healthy and comfortable sofas, mattresses, and smart home solutions to thousands of homes every day. Guided by its mission to bring healthy, comfortable, value-driven, and stylish home furnishings to millions of households, Minhua is leveraging global premium resources to implement a comprehensive whole-home strategy. The Company currently offers three major brands—Chivas, First Class, and NICOLETTI HOME—comprising 11 product lines, while harnessing technologies such as intelligent automation, Internet Plus, and big data to drive innovation. In collaboration with global IT giant Microsoft, Minhua has developed an advanced information system that comprehensively supports the transformation of its retail outlets into smart stores, delivering seamless online–offline integrated solutions for customers. To date, Minhua has filed and been granted over 200 design and utility patents for its independently developed products, continuously innovating to maintain its core competitive edge. As a strategic partner to many renowned global home furnishing retailers, Minhua has established 22 regional offices and more than 200 branch locations worldwide, spanning key economic regions in Europe, North America, Asia, and Oceania. Its marketing network covers major economies across Asia, the Americas, Europe, and Oceania, with products now sold in nearly 100 countries and regions. Over its more than 20 years of operation, Minhua has been recognized with numerous prestigious awards, including "Forbes Asia Best Under A Billion," "Hong Kong Business Oscar for Outstanding Chinese Company," "Top 100 Private Enterprises in Guangdong Province," "Top 500 Private Manufacturing Enterprises in China," and "Best Investor Return Stock under the Shanghai–Hong Kong Stock Connect." Its flagship brands, Chivas and First Class, have respectively been honored with the "U.S. SPIKE Design Asia Pacific Award," "China's 500 Most Valuable Brands," and "Asia's Top 500 Brands," cementing Minhua's position as a leading brand in China's home furnishing industry. Minhua is deeply committed to corporate social responsibility. As a driver and innovator in the furniture manufacturing sector, the Company is spearheading the upgrade of Chinese home furnishing brands and building an integrated value-chain platform for smart home products, injecting strong momentum into industry development. Minhua actively engages in environmental protection efforts, employing highly efficient wastewater recycling systems, optimizing energy structures, and promoting energy conservation and emission reduction. The Company has independently invested over RMB 100 million to install solar photovoltaic power-generation systems on the rooftops of its production facilities, with an annual output expected to reach 15 million kilowatt-hours—equivalent to the carbon sequestration achieved by planting more than 10,000 trees. In doing so, Minhua has become a pioneer in the industry for its emphasis on clean solar energy applications, ushering in a new chapter in the use of clean energy within the furniture sector. Minhua is also passionately committed to public welfare, giving back to society with compassion while providing employees with comfortable living conditions and valuable opportunities for continuous growth. Over the years, the Company has collaborated with world-renowned educational institutions such as Harvard University, the University of Chicago, Peking University, and Tsinghua University to cultivate talent for society, enabling more individuals to realize and enhance their life aspirations. Looking ahead, Minhua is dedicated to becoming a global hub for smart home solutions and driving the upgrading and development of the global home furnishing industry. The Company will remain steadfast in pursuing its mission and realizing its vision, striving to deliver a more comfortable and beautiful lifestyle to millions of households.