Suofeiya Home Collection Co., Ltd. (SZSE:002572) sign the share transfer agreement to acquire remaining 49% stake in Schmidt Kitchen Cabinet Co., Ltd. from Schmidt Groupe S.A.S. for approximately CNY 340 million on November 15, 2022. As of September 30, 2022, Schmidt Kitchen Cabinet Co., Ltd. generated total assets of CNY 510.9 million and net assets of CNY 16.7 million.