Jason Furniture major shareholders face court-ordered share auctions

Hangzhou Denye Jiajun Enterprise Management Co., Ltd. (formerly Gujia Group Co., Ltd.), holding 88,471,483 shares (10.77% of total share capital), and TB Home Limited, holding 41,176,766 shares (5.01% of total share capital), will have portions of their frozen holdings auctioned.

The judicial auction will involve 13,894,961 shares from Hangzhou Denye, representing 15.71% of its holdings and 1.69% of Jason Furniture's total share capital. TB Home Limited will see 14,508,700 shares auctioned, equating to 35.24% of its holdings and 1.77% of the company's total share capital. The auctions are scheduled to begin on October 23, 2025.

Jason Furniture clarified that Hangzhou Denye and TB Home are not controlling shareholders, and the judicial auction will not lead to a change in the company's control or impact its operations. The auction process, including bidding, payment, and equity transfer, is still in the public announcement stage, and the final outcome remains uncertain.