Chengdu Qushui Science and Technology Co., Ltd. authorizes a Buyback Plan.

Chengdu Qushui Science and Technology Co Ltd is a China-based Internet retail company with its own brand of technologically innovative home furnishing products. The Company's main business includes the research and development, design, production and sales of easy-to-install furniture, home textiles and other household products. The Company's products mainly include furniture and home textiles. Furniture mainly includes upholstered furniture and wood furniture, of which upholstered furniture includes mattresses, sofas, soft beds and other products; wood furniture includes solid wood beds, solid wood coffee tables, solid wood cabinets, solid wood dining tables and chairs, solid wood bedside tables and other products. Home textiles mainly include pillows, quilts, mattresses, four-piece sets and other products. The Company mainly operates its businesses in the domestic market.