Foshan Lehua Hengye Kitchen and Bathroom Co., Ltd. announced a placement of common shares for gross proceeds of CNY 350,000,000 on November 11, 2022. The transaction will include participation from returning investor, Arrow Home Group Co., Ltd. The registered capital of the company will increase from CNY 250,000,000 to CNY 600,000,000 through the transaction. The transaction has been approved in the 25th meeting of Arrow Home Group Co., Ltd.'s 1st directorate and the 21st meeting of the 1st supervisory board and does not need the shareholders?

approval.