Jason Furniture shareholder enters restructuring

Hangzhou Deye Jiajun Enterprise Management Co., Ltd., a shareholder holding over 5% of Jason Furniture (Hangzhou) Co., Ltd., has entered restructuring proceedings. This follows Deye Jiajun's inability to repay due debts and insufficient assets to cover all liabilities, as stated in the court's decision to accept the restructuring application on October 15, 2025.

Creditors of Deye Jiajun are required to declare their claims to the administrators by March 16, 2026. The declaration must include the claim amount, details of any property guarantees, and whether it is a joint and several claim, supported by relevant evidence.

Jason Furniture emphasizes that Deye Jiajun is not its controlling shareholder or actual controller, and the restructuring will not impact the company's control or daily operations. The company will continue to monitor the situation and provide timely disclosures, advising investors to exercise caution.