Jason Furniture shareholder reorganization accepted by court

Jason Furniture (Hangzhou) Co., Ltd. announced today that the Hangzhou Qiantang District People's Court has accepted a reorganization application filed by Hangzhou Deye Jiajun Enterprise Management Co., Ltd. The court's ruling came after Hangzhou Deye Jiajun stated its inability to repay due debts and insufficient assets by October 15, 2025.

The court determined that Hangzhou Deye Jiajun met the legal requirements for reorganization, citing its inability to meet financial obligations. Jason Furniture emphasized that Hangzhou Deye Jiajun is not the company's controlling shareholder or actual controller, and the reorganization will not affect the company's control structure or daily operations.

Jason Furniture will continue to monitor the progress of the reorganization and fulfill its information disclosure obligations. The company urges investors to pay attention to investment risks and relies on official announcements published on designated media and the Shanghai Stock Exchange website.