Jason Furniture gets nod for A-share offering, details subsidiary guarantees

Jason Furniture (Hangzhou) Co., Ltd. announced on November 26, 2025, that its application for a non-public offering of A-shares to specific investors has been approved by the Shanghai Stock Exchange. This approval means the application complies with issuance and listing conditions, and information disclosure requirements, and will now proceed for registration with the China Securities Regulatory Commission.

Concurrently, the company provided extensive financial guarantees for its wholly-owned subsidiaries. Guarantees include 10,000 million yuan for Jason Furniture (Ningbo), 5,000 million yuan for Zhejiang Kujia, 5,000 million yuan for Jason Furniture (Huanggang), and 5,000 million yuan for Jason Furniture (Hebei). These guarantees are for comprehensive credit facilities and loans, ensuring operational stability and growth across its key entities.

As of the announcement date, the total external guarantee balance for Jason Furniture (Hangzhou) and its controlled subsidiaries is 106,363.28万元, representing 10.80% of the company's latest audited net assets attributable to parent company shareholders. All guaranteed entities have asset-liability ratios exceeding 70%, and there are no overdue guarantees.