Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 374

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 374
---
 operational efficiency, and strengthens its position in the Australian furniture market.

#### b.

#### Industry Trends and Market Opportunity
According to statista, the furniture market in Australia is projected to generate revenues of over $12 billion in 2025, with an annual growth rate (CAGR 2025-2029) of 4.89% from 2025-2029. Our furniture manufacturing and wholesale business is one of the largest manufacturers and designers of upholstery in Australia. LI’s business consists primarily of furniture manufacturing, wholesale, research and development on commercial furniture design and manufacturing. We compete against large and well-known designers and manufacturers of furniture that sell broad product lines through various types of retail establishments such as Ikea and King Living. We also compete against many other companies that manufacture and sell narrower product lines sold through retail establishments. This industry is highly competitive, and some of our principal competitors in the industry are larger than we are and have greater resources than we do. Competitive activities on their part could cause our sales to suffer. From time to time, we need to reduce the prices for some of our products to respond to competitive and customer pressures or to maintain our position in the marketplace. Such pressures also may restrict our ability to increase prices in response to raw material and other cost increases. Any reduction in prices as a result of competitive pressures, or any failure to increase prices when raw material costs increase, would harm profit margins and, if our sales volumes fail to grow sufficiently to offset any reduction in margins, our results of operations would suffer.

We are also subject to significant competition from other manufacturers for the time, attention and commitment of new and existing resellers, as well as continued traffic to our retail stores. Our ability to remain competitive depends, in significant part, on our success in retaining and growing our reseller and end-user base. There can be no assurance that our programs for recruiting and retaining distributors will be successful. The pool of individuals who may be interested in purchasing our products is limited in each market and it is reduced to the extent other furniture manufacturing companies successfully operate in the same competitive space. There can be no assurance that other furniture manufacturers will not be able to encroach upon our existing resellers or deplete the pool of potential customers in a given market.

#### II.
**Australia Third-Party Produced Furniture and Home Goods**

Our Australia Third-Party Produced Furniture and Home Goods segment represented approximately 21.4% of our Fiscal 2024 net revenues, compared to 17.2% in 2023, reflecting increased demand