China Decoration and Yazhen Home jointly signed a strategic cooperation agreement

On April 3, China Decoration Co., LTD. (hereinafter referred to as "China Decoration") and Yazhen Home Furnishing Co., LTD. (hereinafter referred to as "Yazhen Home Furnishing") jointly signed a strategic cooperation agreement (hereinafter referred to as the "Agreement"). This signing, while strengthening exchanges and cooperation between the two sides, will further promote the application and integration of the architectural decoration industry and high-end home products, work together to create an intelligent industrial ecology, and promote the transformation and upgrading of the traditional decoration and home industry chain to smart space.

China Decoration Chairman Xin Jianlin, Vice Chairman Hou Yu, Party Secretary Wu Lie, Executive President Wang Huilong, strategic management director Wang Xiaojun, Chairman Gao Wei of Yazhen Home, General manager Gao Yinnan and other personnel attended the signing activity to witness this important moment.

At the signing ceremony, the two sides reached a consensus to establish a long-term, stable and deep cooperative relationship based on the principle of "complementary advantages, collaborative innovation, mutual benefit and win-win, and common development", and jointly carry out full research and practice based on intelligent manufacturing, green manufacturing and other application development fields to help the application of intelligent technology in traditional industries. Promote the transformation and upgrading of the whole decoration industry chain to digital and green.

Gao Wei said that digital transformation is the inevitable trend of the development of traditional home furnaces, which can not only improve the market competitiveness of enterprises, but also improve the brand image and social reputation of enterprises. Chinese decoration has a deep historical heritage and industry precipitation, strong technical strength, complete professional personnel. The cooperation with China Decoration will realize the extension of the industrial chain for Yazhen Home in the standard, application, ecology and other aspects of home intelligent manufacturing. Yazhen Home has a perfect service system, with the integration of services from research and development to delivery, I believe that the cooperation between the two sides can help China's home industry and building decoration industry in the intelligent, green development direction of the deep integration, jointly promote technological innovation and industrial maturity, build the industry, products, solutions and other ecological closed loop, to create a new pattern of the industry. Especially in the high-end model room based on intelligent manufacturing, high-end furniture customization, etc., will be able to create greater commercial space and value for each other.

Xin Jianlin said that Yazhen Home furnishing has a long-term accumulation in the home furnishing industry, excellent quality, and enjoys a national reputation, especially in the field of home intelligent manufacturing. China Decoration closely follows the "in-depth implementation of manufacturing power strategy" in the national "14th Five-Year Plan", while doing excellent, long-term, and stronger traditional business sectors, the layout of China's ecological environment, China's digital technology, China's smart manufacturing, China's smart equipment industry College and other sectors, effectively promote the digital transformation of the building decoration industry, with intelligent assembly manufacturing as the main direction. Leading industrial technological change and optimization and upgrading.

For this signing, Xin Jianlin believes that through this cooperation, intelligent manufacturing and green manufacturing will be built in the building decoration and home furnishing industry technology foundation, hope that both sides play their respective talents, high-quality enabling intelligent technology in their respective industry applications and development. The signing of the agreement not only has a positive role and practical significance for the landing, mass production and promotion of China's decorative intelligent manufacturing factory products, but also will enhance the strength of both sides of the enterprise and their respective brand influence, and firmly believe that the cooperation between the two sides will achieve good economic and social benefits.

At present, digital technology has opened up a highway for the high-end, intelligent and green of the traditional manufacturing industry, and many leading enterprises with successful digital transformation have accumulated valuable experience in planning first, scene focusing, agility and resilience, and ecological win-win. It is believed that the signing of the strategic cooperation agreement will promote the building decoration industry to usher in a new round of industrial revolution, so that intelligent assembly and construction can truly penetrate into all aspects of the industry, technology, products and markets, promote the formation of a new production, management, operation and service system, and become a new engine for the digital transformation and upgrading of enterprises.

China Decoration was established in 1984 with the approval of the State Economic and Trade Commission and the Ministry of Light Industry, is the first batch of large-scale decoration enterprises with indoor and outdoor architectural decoration construction and architectural decoration design grade A qualification. With the completion of all kinds of star hotels, hotels, office buildings, shopping malls, museums, stadiums, airport terminals, subways, banks, colleges, hospitals, military, apartments, villas, gardens, embassies and consulates, film and television studios and other large comprehensive building decoration design and construction capabilities. The company adheres to high-quality development ideas, and has formed a layout plan of "building decoration design and construction as the core, digital technology as the technical support, vocational education as the talent support, ecological environment, intelligent manufacturing, assembly integration, green new energy materials four plates go hand in hand", creating a new development pattern of the whole decoration industry chain. With high quality service and fine, professional construction management, for our customers to create greater business value.

Yazhen Home is an enterprise group integrating R&D, manufacturing, marketing management, investment and trade, cultural research and other business sectors. It was started in 1985, founded in 1992, and officially listed on the Shanghai Stock Exchange in 2016. Now in Shanghai, Beijing, Shenzhen, Suzhou, Nanjing, Qingdao and other nearly 80 cities, 109 stores (including 32 independent flagship stores), has formed a marketing network covering the whole country and the Asia-Pacific region. Yazhen has always focused on the design and production of Shanghai style art furniture, relying on the persistent belief in exquisite manual skills, inheriting century-old skills, integrating Chinese and Western cultures, and becoming a top furniture brand that global elites compete to buy. In 2015, Yazhen Home set up the advanced customization business and became the leading provider of high-end customized integrated solutions for the whole house.