[Huiqiao Design] Announcement Regarding Subsidiary Jiaxing Hongqiao Furniture Co., Ltd.'s Guarantee for Yuqiao Design & Decoration (Shanghai) Co., Ltd. Under Article 25, Paragraph 1, Clause 4 of the Regulations for Loans, Endorsements, and Guarantees by Public Companies

1. Factual Date: 115/08/12

2. Guaranteed Party: (1) Company Name: Yuqiao Design & Decoration (Shanghai) Co., Ltd. (2) Relationship with Guarantee Provider: Wholly-owned subsidiary (100%) of the company (3) Guarantee Limit (in thousands): 282,174 (4) Previous Guarantee Balance (in thousands): 0 (5) Amount of New Guarantee Added This Time (in thousands): 154,770 (6) Guarantee Balance as of Factual Date (in thousands): 154,770 (7) Actual Amount Drawn by Guaranteed Company (in thousands): 0 (8) Reason for Adding This Guarantee: Addition of guarantor due to equity structure change

3. Collateral Provided by Guaranteed Company: (1) Description: None (2) Value (in thousands): 0

4. Latest Financial Statements of Guaranteed Company: (1) Capital (in thousands): 93,800 (2) Accumulated Profit/Loss Amount (in thousands): 845,221

5. Conditions for Release of Guarantee Liability: (1) Condition: Repayment of bank loans (2) Date: Expiration date of bank credit agreement and loan repayment date

6. Total Guarantee Limit (in thousands): 4,455,927

7. Guarantee Balance as of Factual Date (in thousands): 1,450,640

8. Ratio of Guarantee Balance Provided by Party A to Net Asset Value in the Latest Financial Statement of the Public Company as of Factual Date: 66.70%

9. Combined Ratio of Guarantee Balance, Long-term Investment, and Fund Lending to Net Asset Value in the Latest Financial Statement of the Public Company as of Factual Date: 7.12%

10. Other Matters to be Disclosed: None