Jason Furniture shareholder’s stake frozen by court

TB Home Limited, a shareholder with a 5.01% stake in Jason Furniture (Hangzhou) Co., Ltd., has had 7,248,592 of its shares pre-emptively frozen by the Hangzhou Intermediate People's Court of Zhejiang Province, effective November 12, 2025. This represents 17.60% of TB Home's total holdings and 0.88% of the company's total share capital. The underlying claim amount for this freezing is RMB 178 million.

As of the announcement date, TB Home’s entire holding of 41,176,766 shares, representing 5.01% of the total share capital, is subject to freezing (including pre-emptive freezing) and judicial marking. Similarly, Hangzhou Deye Jiajun Enterprise Management Co., Ltd., another significant shareholder with 10.77% of the total share capital, also has its entire holding of 88,471,483 shares frozen or marked.

Jason Furniture stated that this development will not lead to a change in the company's control and will not impact its daily operations or management. Both TB Home and Hangzhou Deye Jiajun are not the company's controlling shareholders or actual controllers.