According to the Zhitong Finance App, Royal Palace Smart Home (01575.HK) issued an announcement regarding Jiaxing Natali Trading Co., Ltd. (Jiaxing Natali) filing an application with the Haining Municipal People's Court to bankrupt and liquidate Zhejiang Muhua Home Furnishing Co., Ltd. (Muhua Home, an indirect wholly-owned subsidiary of the company). The company has received a ruling from the Haining court dated August 17, 2026, indicating that the Haining court has accepted the bankruptcy application submitted by Natali from Jiaxing City. According to the Haining court decision dated August 17, 2026, Zhejiang Zhicheng Certified Public Accountants (Special General Partnership) has been designated as the manager of Muhua Home Furnishing's bankruptcy and liquidation.

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