On July 10, 2020, Qu Mei Home Furnishings Group Co.,Ltd (SHSE:603818) closed the transaction. The company issued 96,275,546 shares at a price of CNY 6.85 per share for gross proceeds of CNY 659,487,490.10 in the transaction. The company paid sponsorship and underwriting fees of CNY 7,594,874.90 and issuance fee of CNY 29,013,425.56 in the transaction. The share capital of the company has increased from 488,677,000 shares to 584,952,546 shares. On July 23, 2020, the company announced that the transaction included participation from GF Securities Asset Management Co.,Ltd. for 6,715,328 shares; Truevalue Asset Management Co., Ltd. 4,087,591; Soochow Asset Management Co., Ltd. for 2,919,708 shares; Liangjin Youli CTA No. 2 Securities Investment Fund, a fund managed by Shanghai Liangjin Asset Management Co., Ltd for 2,919,708 shares; Minsheng Securities Co.,Ltd. for 10,218,978 shares; Generali China Life Insurance Co., Ltd. - PetroChina Annuity Products - Share Account for 5,839,416 shares; Li Qinshun for 3,503,649 shares; Zhuhai Zhuoyu Hongxin Equity Investment Partnership Enterprise (Limited Partnership) for 11,678,832 shares; Sun Qiwei for 3,649,635 shares; Lin Shaofeng for 6,569,343 shares; Wu Xiaojun for 3,649,635 shares; China Merchants Fund Management Co.,Ltd. for 4,671,532 shares; Generali China Asset - Industrial and Commercial Bank - Strategic Choice No. 7 Asset Management Products for 2,919,708 shares; Dayan Yi Jinqu Zunxiang Private Securities Investment Fund and Dayan Dingsheng Private Securities Investment Fund, funds managed by Shenzhen Japser Capital Management Co., Ltd. for 2,919,708 shares each; Jiangsu Youyitian Technology Co., Ltd. for 5,839,416 shares; Xu Ying for 7,299,270 shares; and Jinshanyin Suncity Securities Investment Fund for 7,954,381 shares.