Gu Jia Home Furnishing: Plans to raise funds through private placement of up to 1.997 billion yuan.

Gu Family Home Furnishing Announcement: It is planned to issue A-shares to specific target Fangyuan Group, with a total fundraising amount not exceeding 1.997 billion yuan. After deducting the issuance expenses, it is planned to be used for the intelligent transformation project of the home products production line, the expansion project of the functional iron frame production line, the research and development project of intelligent home products, the AI and retail digital transformation project, the digital enhancement project of brand building, and the supplement of working capital. The pricing date for this issuance is the announcement date of the tenth meeting of the fifth board of directors of the company, and the issuing price is 19.15 yuan/share, not lower than 80% of the average trading price of the company's stock in the 20 trading days before the pricing date. The number of shares issued this time shall not exceed 104 million shares, and shall not exceed 30% of the total share capital of the company before the issuance. The shares subscribed by the issuing objects in this issuance shall not be transferred within thirty-six months from the end of this issuance.