I. Basic Situation of Shareholding
On October 28, 2023, Dongyi Risheng Home Decoration Group Co., Ltd. (hereinafter referred to as "the Company") announced the progress of the shareholding structure adjustment as per the announcement (Announcement No.: 2023-073). The Company originally held 67% of Tianjin Dongfang Shunrong Technology Co., Ltd. (hereinafter referred to as "Dongfang Shunrong") and Tianjin Huanshan Consulting Co., Ltd. (hereinafter referred to as "Huanshan Consulting") held 33%. The shareholding structure adjustment will not exceed a 2% reduction in natural shares. According to the agreement, the shareholding ratio of the Company will be 67%, while Huanshan Consulting will hold 33%.
On December 1, 2023, the Company will disclose the announcement regarding the completion of the shareholding structure adjustment.
By December 21, 2025, the Beijing First Intermediate People's Court will issue the ruling on the Company’s restructuring plan. By December 31, 2025, the Company will disclose the announcement regarding the completion of the restructuring plan.
II. Situation of the Supplementary Agreement to the Share Transfer Agreement
Recently, the Company and Huanshan Consulting signed the supplementary agreement, which adjusts the shareholding distribution ratio to 50% each. This adjustment is consistent with the agreement signed on October 27, 2023.
(1) Adjustment Content
Both parties agree to adjust the shareholding distribution ratio. Party A will hold 50%, and Party B will hold 50%. This adjustment will not affect the stability of the shareholding ratio.