On January 15, 2024, Qu Mei Home Furnishings Group Co.,Ltd closed the transaction. The company issued 117,016,409 A shares at a price of CNY 4.66 per share for gross proceeds of CNY 545,296,465.94. The company incurred issue expenses in respect of the transaction of CNY 12,700,713.82.

The company will add CNY 117,016,409.00 as share capital, and CNY 415,579,343.12 as capital reserve. The transaction included participation from new investors Wei Wei for 10,729,613 shares for gross proceeds of 49,999,996.58; Nuode Asset Management Co., Ltd. for 20,180,257 shares for gross proceeds of 94,039,997.62; China Asset Management Co. Ltd. for 7,081,545 shares for gross proceeds of 32,999,999.70; Caitong Fund Management Co., Ltd. for 27,854,077 shares for gross proceeds of 129,799,998.82; Dong Weiguo for 5,364,806 shares for gross proceeds of 24,999,995.96; Huaan Securities Co., Ltd. for 5,364,806 shares for gross proceeds of 24,999,995.96; Guotai Junan Securities Co., Ltd., Investment Arm for 4,175,214 shares for gross proceeds of 19,456,497.24; returning investors Tianan Life Insurance Company Limited of China for 10,729,613 shares for gross proceeds of 49,999,996.58; UBS Group AG for 11,587,982 shares for gross proceeds of 53,999,996.12; Huatai Asset Management Co., Ltd. for 5,364,806 shares for gross proceeds of 24,999,995.96; Minsheng Securities Co.,Ltd. for 8,583,690 shares for gross proceeds of 39,999,995.40.