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Muhua Home Furnishing, a subsidiary of Royal Court Smart Home (01575), received a winding-up petition

Zhitongcaijing·07/28/2026 13:41:09
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According to the Zhitong Finance App, Huangting Smart Home (01575) issued an announcement. On July 28, 2026, Zhejiang Muhua Home Furnishing Co., Ltd. (Muhua Home Furnishing, a wholly-owned direct subsidiary of the company) received a written notice from the Haining Municipal People's Court (Haining Court). According to the notice, Jiaxing Natali Trading Co., Ltd. filed an application with the Haining court to liquidate Muhua Home Furnishing's bankruptcy on the grounds that Muhua Home Furnishing failed to pay its outstanding debts.

Muhua Home Furnishing is a limited liability company established in China. Recently, the Group has moved its main production plant to the Kingdom of Cambodia. Muhua Home Furnishing has not been in operation since October 2025. Following the strategic relocation of the Group's core production base in China to Cambodia in 2024, the Group's production plants are currently mainly located in Cambodia. The directors of the company believed that the notice and the potential bankruptcy and liquidation of Muhua Home Furnishing had no significant adverse effect on the overall operation of the Group.

The company has appointed its Chinese legal adviser to assist in litigation proceedings relating to this notice and Muhua Home's potential bankruptcy liquidation.