Chengdu Fosenmei Home Furnishing Co., Ltd. Announcement on Joint Investment in Chaoxi No. 2 Fund by Wholly-Owned Subsidiary and Professional Investment Institutions and Related Party Transaction
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Special Reminder: Investment funds have characteristics such as long investment cycles and low liquidity. This investment will face a relatively long investment recovery period. Furthermore, during the investment process, the fund will be affected by various factors such as the macro economy, industry cycles, the management of the invested companies, transaction arrangements, and post-investment management. If thorough pre-investment due diligence and post-investment management are not conducted for the investment targets and transaction arrangements, there is a risk of investment failure and fund losses. The Company will continue to pay attention to the progress of the investment fund and disclose it in a timely manner, and hereby reminds investors to be aware of investment risks.
I. Overview of Joint Investment with Professional Institutions and Related Party Transaction
(I) Basic Situation Chengdu Fosenmei Home Furnishing Co., Ltd. (hereinafter referred to as the "Company") wholly-owned subsidiary Hainan Fosenmei Investment Co., Ltd. (hereinafter referred to as "Hainan Investment"), together with Ms. Ren Lisha, spouse of Mr. Liu Bing, the Company's controlling shareholder and actual controller, and professional investment institutions Shanghai Chaoxi Private Equity Fund Management Co., Ltd. (hereinafter referred to as "Chaoxi Private Equity", "Fund Manager") and Ningbo Xuanli Enterprise Management Consulting Partnership (Limited Partnership) (hereinafter referred to as "Ningbo Xuanli", "Executive Partner", "General Partner"), intend to jointly subscribe for the shares of Zhangjiagang Chaoxi Advantage No. 2 Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Chaoxi No. 2 Fund" or "Partnership"). Among them, Hainan Investment will subscribe for RMB 50 million with its own funds, and related party Ms. Ren Lisha will subscribe for RMB 50 million. Concurrently, Hainan Investment and Ms. Ren Lisha, along with Chaoxi Private Equity, Ningbo Xuanli, and other limited partners, will sign the "Zhangjiagang Chaoxi Advantage No. 2 Equity Investment Partnership (Limited Partnership) Partnership Agreement".
(II) Constituting a Related Party Transaction Mr. Liu Bing directly holds 43.7% of the Company's shares and is the controlling shareholder, actual controller, and Chairman of the Company. Ms. Ren Lisha is Mr. Liu Bing's spouse. According to the "Rules Governing Related Party Transactions" of the Shenzhen Stock Exchange, the Company's Articles of Association, and the Company's "Related Party Transaction Management System", Ms. Ren Lisha is a related party of the Company, and this external investment constitutes a related party transaction.
(III) Approval Procedures The Company's Sixth Board of Directors' Tenth Meeting held on June 17, 2026, reviewed and approved the "Proposal on Joint Investment in Chaoxi No. 2 Fund by Wholly-Owned Subsidiary and Professional Investment Institutions and Related Party Transaction" with 4 votes in favor, 0 votes against, and 0 abstentions. Directors Liu Bing, Liu Yunhua, and Liu Yi, who were related parties, abstained from voting. The Company's independent directors held a special meeting of independent directors to review and approve this related party transaction. This joint investment with professional institutions does not require submission to the Company's shareholders' meeting for review.
This related party transaction does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies", nor does it constitute a restructuring for reverse takeover, and does not require approval from relevant departments.
II. Information on Related Parties
Natural Person: Ren Lisha
- Basic Information ID Number: 5101**********346X Address: Jiazi Avenue, High-tech Zone, Chengdu