In this restructuring of the equity of Gome Electrical Appliances, Chen Xiao gave 70 million shares of his holdings to his daughter, Chen Ye. After the completion of this gift, Chen Xiao's personal shareholding in Gome will be reduced to only 1.91%. Calculated at yesterday's closing price of Gome Electrical Appliances at HK$1.9, the market value of the 70 million shares held by Chen Ye is HK$133 million, and she has thus joined the ranks of Chinese billionaires. It is reported that Chen Xiao has two daughters, and Chen Ye is his eldest daughter. Chen Xiao had previously said that he loves both of his daughters very much, but feels he owes more to his eldest daughter.