(Hong Kong, 6 July 2026) - Man Wah Holdings Limited (“Man Wah Holdings” or the “Group”, HKEX stock code: 1999) announced that, as part of its strategic planning and efforts to optimize resource allocation, its subsidiary Man Wah Furniture Group (Huizhou) Co., Ltd. has entered into a share transfer agreement with Beijing Jingmuxuan Construction Engineering Co., Ltd. (“北京井木軒建築工程有限公司” or "Beijing Jingmuxuan") and its shareholders, pursuant to which it has transferred its entire 51% equity interest in Beijing Jingmuxuan to the existing shareholders of the company. The relevant industrial and commercial change registration procedures have been completed. Man Wah Holdings no longer holds any equity interest in Beijing Jingmuxuan, nor is it a shareholder of, or involved in the management or operations of, the company. Prior to the share transfer, all existing claims and liabilities of Beijing Jingmuxuan have been assumed by the new shareholders of Beijing Jingmuxuan. Man Wah Holdings and Beijing Jingmuxuan will maintain a cooperative relationship in supply and procurement.

Since its establishment, Man Wah Holdings has consistently focused on the design, research and development, production, and sale of recliner sofas and home furnishing products. The exit from Beijing  Jingmuxuan  represents  a  strategic  decision  made  by  the  Group  following  a  prudent assessment of its current business portfolio, with the aim of further concentrating resources and management efforts on its core businesses and continuously enhancing the Group's competitiveness in the recliner sofa sector.