About MAN WAH HLDGS Company

Minhua Holdings Limited (Hereinafter referred to as “the Company,” “the Corporation,” or “Minhua,” and collectively with its subsidiaries as the “Group” or “we”) Founded in Hong Kong in 1992, Minhua has consistently focused on the fields of sofas, mattresses, and smart home products. It was listed in Singapore and Hong Kong, China, successively. In 2017, Minhua’s market capitalization exceeded HK$30 billion, placing it among the top global home furnishing companies by market value. Moreover, Minhua was among the first companies to be included in the Shanghai-Hong Kong Stock Connect program and the Hang Seng Index constituents, becoming a large-scale multinational smart home enterprise integrating R&D, manufacturing, sales, and service. As a globally powerful supplier of functional sofas, mattresses, and other furniture items, Minhua boasts a modern manufacturing and logistics system. It has established twelve major production bases in Guangdong, Jiangsu, Tianjin, Chongqing in China, as well as in Poland, Lithuania, Estonia, Ukraine in Europe, and Vietnam in Asia, bringing healthy, comfortable, value-for-money, and stylish home furnishings to consumers worldwide. Through a freight and logistics network spanning four continents, Minhua ships thousands of containers each month, delivering tens of thousands of product sets smoothly to customers around the globe, ensuring fast and convenient service reaching millions of households. In China, Minhua has built a market network covering 30 provinces, autonomous regions, and municipalities, with over 2,800 specialty stores. It has also established a robust logistics and distribution system to provide speedy door-to-door delivery services, bringing healthy and comfortable sofas, mattresses, and smart home products to millions of households every day. Adhering to its mission of bringing healthy, comfortable, value-for-money, and stylish home furnishings to millions of households, Minhua integrates high-quality global resources to implement its comprehensive home furnishing strategy. Currently, it offers 11 major product lines under three renowned brands: CHICHI, First Class, and NICOLETTIHOME. Leveraging intelligent technologies, Internet Plus, big data, and other innovations, Minhua provides technological support for enterprises. In collaboration with the global IT giant Microsoft, Minhua has jointly developed an information system that comprehensively promotes smart stores and builds integrated online-and-offline solutions tailored to users’ needs. To date, Minhua has applied for and been granted over 200 design and technical patents for its independently developed products. Through continuous innovation, Minhua’s products maintain their core competitive edge. As a strategic partner of many world-renowned home furnishing retailers, Minhua has set up 22 regional branches and over 200 subsidiaries globally, spanning key economic regions in Europe, the Americas, Asia, and Oceania. Its marketing network covers major economic zones in Asia, the Americas, Europe, and Oceania, and its products are now best-selling in nearly 100 countries and regions. Over the past 20-plus years, Minhua has been recognized with numerous awards, including “Forbes Asia Best Under A Billion,” “Hong Kong Business Oscar—Outstanding Chinese Company,” “Top 100 Private Enterprises in Guangdong Province,” “Top 500 Chinese Private Manufacturing Enterprises,” and “Best Investor-Return Stock under Stock Connect.” Its brands, CHICHI and First Class, have been successively honored with awards such as the “U.S. IDEA Asia-Pacific Award,” “China’s 500 Most Valuable Brands,” and “Asia’s Top 500 Brands,” establishing Minhua as a leading brand in China’s home furnishing industry. Minhua always wholeheartedly fulfills its social responsibilities. As a driver and innovator in the furniture manufacturing industry, Minhua is promoting the upgrading of Chinese home furnishing brands and building an integrated value chain platform for smart home products, injecting strong momentum into the industry’s development. We actively engage in environmental protection, adopting efficient wastewater recycling systems, optimizing energy structures, and promoting energy conservation and emission reduction. We have independently invested over 100 million yuan to install solar photovoltaic power generation systems on the rooftops of our own production facilities, with an annual generating capacity reaching up to 15 million kilowatt-hours—equivalent to the carbon emissions absorbed by planting over 10,000 trees. Thus, Minhua has become one of the first companies in the industry to focus on the application of clean solar energy, opening a new chapter in the use of clean energy in the furniture sector. Minhua enthusiastically dedicates itself to public welfare, giving back to society with love and care, and creating comfortable living environments for its employees while providing them with valuable opportunities for continuous growth. Over the years, Minhua has collaborated with globally renowned educational institutions such as Harvard, the University of Chicago, Peking University, and Tsinghua University, cultivating various talents for society and enabling more people to realize and enhance their life values. Looking ahead, Minhua will continue to strive toward becoming a global center for smart homes, driving the upgrading and development of the global home furnishing industry. We remain committed to our corporate mission and the pursuit of our dreams, dedicating ourselves to bringing more comfort and happiness to millions of households.