zoy home furnishing announcement, the company and its subsidiaries intend to transfer the lease rights of 96,900 square meters of land in the Yuen Xing and Hoi Yee Fangs of Xinyuan City, Phu Yen Province, Vietnam, in the Southern Xinyuan Industrial Expansion Zone (Phase II) along Route N6 to Chen Yongxing, and terminate the investment in the Vietnam (Phase II) production base project. As of now, the company has only paid a land reservation deposit of 1.3853 million US dollars to the Southern Xinyuan Industrial Park and incurred related expenses of 0.0095 million US dollars, but has not yet paid the land lease price. After the transfer of the land lease rights this time, the above-mentioned land reservation deposit will be paid by Chen Yongxing to the company's subsidiary zoy Vietnam Investment (Hong Kong) Limited within 30 days after signing the land lease intention contract with the Southern Xinyuan Industrial Park.