UE Furniture Co., Ltd. signed a definitive purchase agreement to receive CNY 199.999999 million in funding from Yongyi Investment Co.,Ltd.
February 21, 2023
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On February 22, 2023, the company announced that twelfth meeting of the fourth board of directors reviewed and revised the issuance plan and related proposals in accordance with the authorization of the general meeting of shareholders. The company has signed supplementary agreement with returning investor Yongyi Investment Co.,Ltd. in the transaction.
On March 1, 2023, the company announced that the Shanghai Stock Exchange reviewed and decided to accept the company?s private placement application.
On March 10, 2023, the company announced that the proposal on the company's compliance with the conditions for issuing A shares has been approved.
On April 4, 2023, The company announced that the transaction has been approved on Shanghai Stock Exchange.
UE Furniture Co Ltd is a China-based company mainly engaged in the research and development, production and sales of healthy seats. The Company's primary products include office chairs, training chairs, massage chair bodies, leisure chairs, children chairs, sofa and functional seat accessories. The Company mainly distributes its products in the Mainland of China and overseas markets.
UE FURNITURE CO., LTD. 
