Group 1 - The acquisition involves Yingfeng Group Ltd. acquiring shares in Gujia Home Furnishing Co., Ltd. through a specific stock issuance, which will increase Yingfeng's stake to over 30% of the total shares post-issuance [2][20] - Yingfeng Group has committed to not transferring the newly acquired shares for 36 months following the issuance, pending approval from the shareholders' meeting [2][20] - The acquisition aims to enhance Gujia's core competitiveness by funding projects related to smart home product production, digital transformation, and brand enhancement [10][12] Group 2 - Yingfeng Group's financial data shows total assets of approximately 86.43 billion RMB and total liabilities of about 57.23 billion RMB as of 2025, indicating a debt ratio of 66.21% [9] - The company reported a total revenue of approximately 3.33 billion RMB and a net profit of about 185.59 million RMB for the year 2023 [9] - Yingfeng Group's actual controller, He Jianfeng, holds 88.09% of the shares in Yingfeng Group, ensuring control over the acquisition process [5][13] Group 3 - The acquisition process requires approval from the shareholders' meeting and regulatory bodies, including the Shanghai Stock Exchange and the China Securities Regulatory Commission [2][12] - The stock issuance is structured to allow Yingfeng Group to acquire up to 104.28 million shares, representing 11.26% of the total shares post-issuance [13] - The acquisition will not change the control of Gujia Home Furnishing, as Yingfeng Group and its affiliates will remain the controlling shareholders [13][20]

Group 1 - The financial advisor report from GF Securities confirms the acquisition of Kuka Home by Yingfeng Group, ensuring compliance with relevant laws and regulations [1][2][8] - The acquisition aims to enhance Kuka Home's core competitiveness through funding for various projects, including smart home product development and digital transformation [8][9] - Yingfeng Group's financial health is affirmed, with total assets of approximately RMB 8.64 billion and a net profit of RMB 185.59 million for 2023 [12][23] Group 2 - The acquisition will increase the actual controller He Jianfeng's shareholding, stabilizing control over Kuka Home and signaling confidence in the company's future [9][26] - Yingfeng Group's cash subscription for the shares is set at RMB 19.15 per share, with a maximum subscription amount of RMB 1.997 billion [12][26] - The report indicates that Yingfeng Group has no legal issues or disputes regarding the source of funds for the acquisition [12][24] Group 3 - The financial advisor has conducted thorough due diligence, confirming that the acquisition does not violate any laws or regulations [2][15] - Yingfeng Group's management is experienced in operating listed companies, ensuring compliance with market regulations [14][15] - The acquisition will not change the control structure of Kuka Home, as Yingfeng Group and its affiliates will maintain a significant shareholding post-acquisition [26]