Man Wah Holdings Ltd

Jiangxin Home's general manager's message in its 2024 third-quarter report was found by the court in a final ruling to constitute commercial defamation of Man Wah Holdings. The company must issue a correction announcement on the Juchao Information Network and delete the relevant content. The Shenzhen Intermediate People's Court of Guangdong Province ordered Jiangxin Home to compensate Man Wah Holdings for economic losses of 1 yuan and to bear reasonable rights protection expenses for the first and second trials totaling 81,000 yuan. The court determined that Jiangxin Home fabricated and disseminated misleading information on a statutory information disclosure platform, damaging Man Wah Holdings' commercial reputation and constituting unfair competition. Jiangxin Home achieved total operating revenue of 3.379 billion yuan in 2025, a year-on-year increase of 32.60 percent, but first-quarter revenue this year was 745 million yuan, a year-on-year decline of 3.58 percent.