1. Date of occurrence: 2026/05/13 2. Company name: Hangzhou Huatong Home Furnishing Group Co., Ltd. 3. Relationship with the company (please enter this company or subsidiary): Subsidiary 4. Mutual shareholding ratio: A subsidiary in which the company indirectly holds 97% 5. Reason for occurrence: (1) Handled in accordance with letter No. 1140361065 from the Financial Supervisory Commission dated 2025/10/28. (2) The company's subsidiary, Hangzhou Huatong Home Furnishing Group Co., Ltd., provided an endorsement/guarantee to another subsidiary, Shayne (Macao Commercial Offshore) Limited, which exceeded its established limit, constituting a violation of its own endorsement/guarantee operating procedures. 6. Response measures: Improvement plan: In future contract renewals with banks, close attention will be paid to exchange rate fluctuations and the possibility of a decrease in the company's net worth will be considered, and the endorsement/guarantee limit will be adjusted to avoid exceeding the limit. 7. Other explanatory matters (If the subject of the event or resolution is a public company or above, this material information also complies with the matters stipulated in Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act that have a significant impact on shareholders' equity or securities prices): Until the improvement plan is fully implemented, the implementation status will be announced quarterly and reported to the board of directors for control on a quarterly basis, and the implementation status will be reported at the next shareholders' meeting.

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  • Source: PR Times
  • Category: News
  • Organizations: Shayne(Macao Commercial Offshore)Limited