Home Decor News | Newzhi Home Weekly (07.06-07.10)

[Company]

A.K.Jia Home Furnishings: Nominates Chen YuSheng as a Non-Independent Director Candidate

On July 6, A.K.Jia Home Furnishings announced that its board of directors has nominated Chen YuSheng as a candidate for a non-independent director of the company’s fifth session of the board of directors. The term shall run from the date on which the shareholders’ meeting approves the appointment until the day the term of the fifth session of the board of directors expires.

According to the announcement, Chen YuSheng was born in December 1970. He is a member of the Chinese Communist Party, holds a Master’s degree in Financial Management from the University of Alberta in Canada, and holds an EMBA Master’s degree for senior executives from Huazhong University of Science and Technology. He is a Chinese national and does not have permanent residence status overseas. He previously served as a business director in the investment banking department (Shanghai) of Southwest Securities Co., Ltd.; branch president, assistant to branch president, and deputy branch president of the Ningbo branch of China Minsheng Bank Co., Ltd.; branch president of the Jinhua branch of Zhaoshang Bank Co., Ltd.; general manager of the capital markets department at the headquarters of Zhaoshang Bank; and he is currently the Chief Financial Advisor of Hangzhou Deyejiajun Enterprise Management Co., Ltd.

As of now, Chen YuSheng does not hold any shares of the company. He serves as the Chief Financial Advisor of Hangzhou Deyejiajun Enterprise Management Co., Ltd., and there is no related relationship with other directors, senior management personnel, the actual controller, or shareholders holding 5% or more of the shares of the company.

Hisense Home Appliances: Controlling Subsidiary Hisense Hitachi Renamed to Hisense Bosch

On July 6, Hisense Home Appliances announced that its controlling subsidiary, Qingdao Hisense Hitachi Air Conditioning System Co., Ltd. (abbreviated as “Hisense Hitachi”), has recently changed its enterprise name in accordance with its business development needs. The name has been changed to Qingdao Hisense Bosch Air Conditioning System Co., Ltd. (abbreviated as “Hisense Bosch”), and the company has completed the industrial and commercial change registration procedures. It has obtained a business license issued by the Huangdao District Market Supervision Administration of Qingdao.

The renaming was caused by a change in the controlling party of Johnson Controls Hitachi. Originally, Johnson Controls International plc. (abbreviated as “Johnson Controls International”) held 60% equity and Hitachi Global Life Solutions, Inc. (abbreviated as “Hitachi”) held 40% equity. On July 31, 2025, Johnson Controls International and Hitachi transferred all of the equity they held in Johnson Controls Hitachi to Robert Bosch GmbH (“Bosch Group”). Therefore, Hisense Hitachi has been renamed to Hisense Bosch accordingly. This renaming does not involve any change in the equity structure of Hisense Bosch, and it also does not affect this company’s control over Hisense Bosch.

After the renaming, Hisense Bosch continues to hold authorization for the Hitachi brand, and the core technologies, R&D system, and so on remain unchanged.

Dayang Shengxiang: Director and Executive Chen Gang Terminates Share-Reduction Plan Early

On July 7, Dayang Shengxiang announced that on June 10, 2026, it disclosed the “Pre-Disclosure Announcement on Share Reduction by Shares of the Company’s Directors and Senior Management” (announcement No. 2026-026). The company’s director and senior management personnel, Chen Gang, originally planned to reduce his holdings by no more than 50,600 shares (accounting for 0.009% of the company’s total share capital) through centralized competitive bidding within three months after 15 trading days from the date of disclosure of the announcement. Recently, Chen Gang decided to terminate his share-reduction plan early. As of the disclosure date of this announcement, Chen Gang has not reduced any company shares, and the number of shares he holds has not changed.

Before and after the early termination of the share-reduction plan, Chen Gang’s shareholding remained 202,500 shares. Of these, 50,625 shares are shares without selling restrictions, and 151,875 shares are shares with selling restrictions.

The announcement states that both this share-reduction plan and the early termination plan comply with relevant laws and regulations as well as normative documents.

Zhejiang Meida: Actual Controller Planning Control Change; Trading to Halt Starting July 10

On July 10, Zhejiang Meida announced that today it received notices from its actual controller, Xia Zhisheng and Xia Ding, informing the company that they are currently planning matters related to a change in the company’s control. Such matters may result in a change in the company’s actual controller.

Given that the above matters still involve significant uncertainty, to ensure fair information disclosure, protect the interests of investors, and avoid causing a major impact on the company’s stock price, in accordance with relevant provisions such as the “Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange” and the “Self-Regulatory Regulatory Guidelines No. 6—Trading Resumption and Suspension” for Listed Companies on the Shenzhen Stock Exchange, after the company applied to the Shenzhen Stock Exchange, the company’s stock (stock abbreviation: Zhejiang Meida; stock code: 002677) will be suspended from trading from the time the market opens on July 10, 2026 (Friday). The expected suspension period will be no more than 2 trading days.

It is understood that, at present, all relevant parties are conducting argumentation and consultations regarding the relevant matters, and the specific situation will be subject to the relevant agreements signed by the parties.

Aifenda: Bao Zhengjun Resigns as Secretary to the Board of Directors and Financial Officer

On July 9, Aifenda announced that its board of directors has recently received a written resignation report from Bao Zhengjun, who is a director, deputy general manager, secretary to the board of directors, and financial officer. He resigned from his positions as secretary to the board of directors and financial officer due to internal work adjustments at the company (the originally scheduled term of office was from May 29, 2024 to May 28, 2027). Bao Zhengjun’s resignation report takes effect from the date it is delivered to the company’s board of directors. After resigning from the above positions, he will continue to serve as the company’s director and deputy general manager.

Zhenai Meijia: Completes Board Re-election; Chen Kairan Elected Chairman

On July 9, Zhenai Meijia announced that it has completed the board of directors re-election and the appointment of senior management personnel. Chen Kairan was elected as chairman of the company’s fifth session of the board of directors and appointed as the company’s legal representative.

The announcement shows that the company’s new board of directors consists of six non-independent directors: Chen Kairan, Guo Dequan, Weng Shuzhen, Wang Mu, Zheng Yang, and Yang Jinying (employee director), as well as three independent directors: Wang Ruomei, Luo Danglun, and Cai Changsheng. The members of the four special committees under the board—strategy, audit, nomination, and remuneration and performance appraisal—were also determined at the same time.

In terms of senior management, the board appointed Guo Dequan as the company’s general manager, Liu Liwei as deputy general manager, Zhu Shijie as chief financial officer, and Feng Jieru as secretary to the board of directors.