About MAN WAH HLDGS Company

Minhua Holdings Co., Ltd. (“Company”, “Company” or “Minhua” for short; together with its subsidiaries, the “Group” or “We”) Since its inception in Hong Kong in 1992, Minhua has always focused on sofas, mattresses, and smart homes. In 2017, Minhua's market capitalization surpassed HK$30 billion, ranking among the world's top listed home furnishing companies, and was the first to be selected as a constituent stock of 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 powerful global 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 Poland, Lithuania, Estonia, Ukraine, and Vietnam in Asia, bringing healthy, comfortable, value-added, and stylish homes to global consumers. 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, and services are quickly delivered to thousands of households. In China, Minhua has formed a market network 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 the mission of bringing health, comfort, value and style to thousands of households, Minhua integrates the global strategy of high-quality resources to lay out large homes. Currently, there are 11 series of the 3 major brands of Chivas, First Class, and Nicoletti NICOLETTI HOME, and uses intelligence, Internet +, big data, etc. to provide enterprises with technical innovation support. It has jointly developed an information system with the world 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 appearance and technology patents, and continue to innovate, so that Minhua's products 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. Established more than 20 years ago, Minhua has been named “Forbes Asia Best Under A Billion”, “Hong Kong Business Oscar Outstanding Chinese Company”, “Guangdong Top 100 Private Enterprises”, “China's Top 500 Private Enterprises Manufacturing”, and “Best Investor Return to Hong Kong Stock Connect”. Its brands, Chivas, and First Class brands have successively been selected for the “American Jianfeng Design Asia Pacific Award”, “China's 500 Most Valuable Brands”, and “Top 500 Asian Brands”, etc., and have become leading brands in the Chinese home furnishing industry. Minhua has always wholeheartedly carried out social responsibility. As a driving force and innovator in the furniture manufacturing industry, Minhua is promoting the upgrading of the Chinese home furnishing brand, making every effort to build an integrated platform for smart home product value chains, bringing impetus to the development of the industry. We actively participate in environmental protection, adopt an efficient sewage circulation treatment system, optimize the energy structure, promote energy saving and emission reduction, and independently spend over 100 million yuan to build a solar photovoltaic power generation system on the roof of our own factory house at the production base. The annual power generation capacity will reach 15 million ten million hours, which is equivalent to planting 0.01 million million million hours Carbon emissions absorbed by multiple trees. It has become the first company in the industry to focus on solar clean energy applications, and has opened a new chapter in the application of clean energy in the furniture industry. Minhua enthusiastically invests in public welfare undertakings, feeds back society with love, and also creates a comfortable living environment for employees and provides valuable opportunities for continuous growth. Over the years, she 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 be committed to the mission of the enterprise, the pursuit of dreams, and contribute to a more comfortable and beautiful life for thousands of households.