Jason Furniture shareholder reduces stake after judicial auction

Jason Furniture Hangzhou Co., Ltd. announced that Gujia Group Co., Ltd. and its concert party TB Home Limited experienced a change in their equity holding, reducing their combined stake from 17.57% to 15.78%. This change occurred due to a judicial auction of 14,700,000 shares (1.79% of the company's total shares) held by Gujia Group, which were successfully transferred to Hangzhou Daiming Trading Co., Ltd. on September 2, 2025.

Prior to the transfer, Gujia Group held 12.55% of shares, and after the transfer, its holding decreased to 10.77%. Hangzhou Daiming Trading Co., Ltd. did not hold any shares in the company before the auction but now holds 14,700,000 shares, equivalent to 1.79%. This judicial auction does not affect the company's controlling shareholder or normal business operations.

According to the Shanghai Stock Exchange's self-regulatory guidelines, the recipient of shares via judicial transfer must hold them for at least six months. This transaction involved a reduction in stake for Gujia Group, while TB Home Limited maintained its 5.01% holding throughout the period.