Jason Furniture to invest in new Indonesian manufacturing base

Jason Furniture Hangzhou will invest RMB 112,372.85 million in an Indonesian self-built base project within the Kendal Industrial Park in Central Java. The investment aims to expand its overseas production capacity, encompassing new workshops, R&D and testing facilities, warehouses, and equipment procurement, aligning with its internationalization strategy. The project's total construction area is 330,800 square meters on a 195,600 square meter site, with a planned four-year construction period.

The project is expected to launch in Q3 2025, with partial production lines commencing operation in the second year of construction. It is projected to achieve full operational capacity within three years of completion, generating an estimated annual operating income of RMB 2.52 billion and an investment payback period of 8.6 years. This move is a strategic response to evolving international trade policies, aiming to mitigate risks and enhance the company's competitive edge in the global soft furniture market, particularly across Asia-Pacific and North America.

The board of directors approved the investment on September 1, 2025. Key risks include securing land, obtaining necessary construction approvals from local government bodies, and potential changes in Indonesia's economic, political, and trade policies.