Gu Jia Home Furnishings: Shareholders with more than 5% of the shares have applied for restructuring and the court has accepted the case.

Gu Jia Home Furnishing Announcement: Hangzhou Qi Tang District People's Court has accepted the reorganization application of Hangzhou Deyejiajun Enterprise Management Co., Ltd. Hangzhou Deyejiajun Enterprise Management Co., Ltd. was originally named Gu Jia Group Co., Ltd., and this reorganization application is based on the fact that Hangzhou Deyejiajun is unable to repay its due debts and its assets are insufficient to settle all debts. The court ruled that the reorganization application meets legal requirements and should be accepted according to law. This matter will not lead to changes in Gu Jia Home Furnishing's control rights, and will not affect the company's daily operations and management.