On October 24, 2023, Zhuhai Huafa Properties Co.,Ltd closed the transaction. The company issued 635,000,000 shares at a price of CNY 8.07 for the gross proceeds of CNY 5,124,450,000. After deducting various issuance expenses of CNY 82,077,181.99, the actual net amount of funds raised was CNY 5,042,372,818.01.