Qu Mei Home Furnishings Group Co.,Ltd (SHSE:603818) agreed to acquire remaining 40% stake in Henan Hengda Qumei Home Co., Ltd. from Henan Hengda Home Furnishing Industrial Park Co., Ltd for CNY 72 million on October 13, 2021. Post completion, Qu Mei Home will hold 100% in Henan Qumei Home. As of June 30, 2021, Henan Qumei reported Total Assets of approximately CNY 360 million and Net Assets of approximately CNY 150 million. The transaction does not require Directorate’s approval of Qu Mei Home.