On January 4th, Man Wah Holdings signed an investment cooperation agreement with Che Jianfang and his wife. Man Wah Holdings and Red Star Sofa jointly operated to expand the high-end leather leisure sofa market. It is reported that Red Star Sofa is a professional manufacturer of Red Star Macalline. Its main business involves the production and sales of leather sofas. It currently operates three series of products, namely Pliny, Profan, and Prola, and currently has about 70 stores. The cooperation between Man Wah Holdings and Changzhou Red Star will further enhance Man Wah's competitiveness in the leather sofa market.