About MAN WAH HLDGS Company

Minhua Holdings Co., Ltd. (“Company”, “Company” or “Minhua” for short; together with its subsidiaries, the “Group” or “we”) Since it was founded in Hong Kong in 1992, Minhua has always focused on the fields of sofas, mattresses and smart homes. It has been listed in Singapore and Hong Kong, China. In 2017, Minhua's market capitalization exceeded HK$30 billion, ranking among the highest market capitalization of listed home furnishing companies in the world, and was the first to be selected as a constituent stock of the Shanghai-Hong Kong Stock Connect and Hang Seng Index, becoming a large-scale multinational smart home enterprise integrating R&D, manufacturing, sales and service. As a globally powerful supplier of functional sofas, mattresses and other furniture, Minhua has a modern manufacturing and logistics system, and has established 12 major manufacturing bases in Guangdong, Jiangsu, Tianjin, Chongqing, Northern Europe, Poland, Lithuania, Estonia, Ukraine, and Vietnam in Asia, bringing healthy, comfortable, value-added, and stylish homes to consumers around the world. Through a freight logistics network spread across four continents, thousands of containers and tens of thousands of sets of products are successfully exported to all parts of the world every month, delivering services quickly to thousands of households. In China, Minhua has formed a market network of more than 2,800 specialty stores covering 30 provinces, autonomous regions and municipalities directly under the Central Government, and has built its own strong logistics distribution system to provide fast door-to-door delivery services, bringing healthy and comfortable sofas, mattresses, and smart homes to thousands of households every day. Adhering to its mission of bringing health, comfort, value and style to thousands of households, Minhua has integrated global high-quality resources into a household strategy. It currently has 11 series of three major brands, Chivas, First Class, and Nicoletti NicolettiHOME, and uses intelligence, Internet+, and big data to provide technological innovation support for enterprises. It has jointly developed an information system with global IT giant Microsoft to promote smart stores in all aspects to build complete online and offline integrated solutions for users. At present, Minhua's self-developed products have applied for and authorized more than 200 cosmetic and technical patents, and continuous innovation has enabled Minhua's products to always maintain the core advantage of continuous innovation. As a strategic partner of many well-known home furnishing retailers around the world, Minhua has now set up 22 regional divisions and more than 200 branches around the world, spanning core economic regions such as Europe, America, Asia and Australia, and its marketing network spans core economic regions such as Asia, America, Europe, and Australia, and its products have sold well in nearly 100 countries and regions. After being founded more than 20 years ago, Minhua has been named “Forbes Asia Best Under A Billion”, “Hong Kong Business Academy Award Outstanding Chinese Company”, “Top 100 Private Enterprises in Guangdong Province”, “Top 500 Private Enterprises in China Manufacturing”, “Best Investors Reward Hong Kong Stock Connect Company”, etc., and its brands Chivas and First Class brands have successively been selected for the “American Summit Design Asia Pacific Awards”, “China's 500 Most Valuable Brands” and “Top 500 Asian Brands”, etc., and has become a leading brand in the Chinese home furnishing industry. Minhua has always wholeheartedly implemented its social responsibility. As a promoter and innovator in the furniture manufacturing industry, Minhua is promoting the upgrading of Chinese home furnishing brands and making every effort to build an integrated platform for smart home product value chains, bringing momentum to the development of the industry. We are actively involved in environmental protection, adopting an efficient sewage recycling system, and optimizing the energy structure to promote energy saving and emission reduction. We have independently invested over 100 million yuan to build a solar photovoltaic power generation system on the roof of our own house at the production base. The annual power generation capacity will reach 15 million million hours, which is equivalent to the carbon emissions absorbed by planting more than 10,000 trees. It became the first enterprise in the industry to focus on solar clean energy applications, opening a new chapter in clean energy applications in the furniture industry. Minhua enthusiastically invests in public welfare undertakings, feeds back to society with love, and also creates a comfortable living environment for employees and provides valuable opportunities for continuous growth. Over the years, Minhua has cooperated with world-renowned educational institutions such as Harvard, the University of Chicago, Peking University, and Tsinghua University to cultivate all kinds of talents for the community, so that more people can realize and enhance the value of life. In the future, Minhua will work to build a world smart home center and promote the upgrading and development of the global home furnishing industry. It will continue to stick to its corporate mission, pursue its dreams, and contribute a more comfortable and beautiful life to thousands of households.