The planned total land area of Gujia Home Central China (Huanggang) Base Project is about 500 mu, and the land is provided by bidding, auction and hanging at one time, and the transfer period is 50 years.
The project is planned to start construction before the end of July, 20 18, and is expected to be completed and put into operation before the end of 20 19, and the planned target is expected to be achieved in 2022. When the project is expected to reach the planned target, it will form an annual production capacity of 600,000 sets of standard soft furniture and 4 million cubic meters of customized homes, and realize an operating income of about 3 billion yuan.
According to the previous announcement, Gujia Home has signed a cooperation framework agreement with Natuzzi S.P.A, the largest furniture listed company in Italy. * * * With the establishment of the retail network developed and operated by Natuzzi Italia and Natuzzi Editions, the project will be implemented through Natuzzi Trading (Shanghai) Co., Ltd. (a joint venture between Gu Jia Home and Natuzzi). Gu Jiaju will own 5 1% of the equity of the joint venture company, and Natuzzi will own 49% of the equity of the joint venture company.