CULP INC

As of the end of fiscal 2026 (May 3, 2026), we leased our corporate headquarters and a design and innovation campus located in High Point, North Carolina. In addition, we owned or leased six facilities associated with our bedding and upholstery operations. The following is a list of our administrative and production facilities. Our facilities listed below are organized by segment.

(1)

Includes all options to renew, except as noted in footnote 2 below.

(2)

During fiscal 2026, we closed leased facilities in Burlington, North Carolina, and Knoxville, Tennessee, each operated by our upholstery segment, and transitioned their production and distribution activities to a shared management model within our owned facility located in Stokesdale, North Carolina, which had historically been operated solely by our bedding segment. Refer to Note 10 of the consolidated financial statements for further details and description of our restructuring activities.

(3)

This lease agreement has an unspecified number of renewal options available, and the year listed above is the expiration of the current lease term.

We believe that our facilities are in good condition, well-maintained, suitable, and adequate for present utilization. In the upholstery segment, we have the ability to source upholstery fabric from outside suppliers to meet current and expected demand trends and further increase our output of finished goods. This ability to source upholstery fabric is part of our long-term strategy to have a low-cost platform that is scalable, but not capital intensive. In the bedding segment, we believe we have sufficient capacity to meet current and expected demand trends, but we also source certain fabrics from outside suppliers and have the ability to source additional bedding fabrics from outside suppliers to further increase our ultimate output of finished goods.