A joint announcement disclosed that Yael Capital Management Limited, through Cinda International Capital Limited and Rainbow Capital (HK) Limited, has closed its cash offers to acquire all issued shares of Quali-Smart Holdings Limited and to cancel all outstanding options not already owned or agreed to be acquired by Yael Capital Management Limited and its concert parties. The results and settlement of the offers have been confirmed, and details regarding the public float of the company have also been provided. The English version of the announcement will prevail in case of any discrepancies.

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