Haier Smart Home Co., Ltd. — Capital/Financing Update 2021

Jan 11, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Haier Smart Home Co., Ltd. * 海爾智家股份有限公司

(a joint stock company incorporated in the People’s Republic of China with limited liability) Stock Code: 6690

HK$8,000,000,000 ZERO COUPON GUARANTEED

CONVERTIBLE BONDS DUE 2022

(Stock Code: 5024; ISIN: XS1716796641)

ADJUSTMENT TO CONVERSION PRICE OF THE BONDS

Reference is made to the listing document of Haier Smart Home Co., Ltd. (the ‘‘Company’’) dated 16 November 2020, in relation to the HK$8,000,000,000 Zero Coupon Guaranteed Exchangeable Bonds due on 21 November 2022 (now referred to as HK$8,000,000,000 Zero Coupon Guaranteed Convertible Bonds due 2022 convertible into the ordinary H shares of the Company, the ‘‘Bonds’’).

Pursuant to Condition 6(a)(iii)(B) and Condition 6(d)(ix) of the terms and conditions of the Bonds, the Company hereby announces that the conversion price per share in effect on the initial adjustment date (being 12 January 2021) shall be adjusted from approximately HK$19.5961 to approximately HK$18.8369 (the ‘‘Adjustment’’). The conversion ratio (calculated by way of illustration based on each HK$1,000,000 principal amount of Bonds) is 53,087.3586.

Apart from the Adjustment, all other terms and conditions of the Bonds will remain unchanged.

• For identification purpose only

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As at the date of this announcement, HK$7,993,000,000 in aggregate principal amount of the Bonds remains outstanding.

As at the date of this announcement, the total number of the issued shares of the Company is 6,308,552,654 A shares, 271,013,973 D shares and 2,448,279,814 H shares. Following the Adjustment and assuming full conversion of the Bonds, the Bonds will be convertible into 424,327,258 H shares, representing approximately 4.70% of the issued share capital of the Company as at the date of this announcement and approximately 4.49% of the issued share capital of the Company as enlarged by the issuance of such shares (assuming that there is no other change to the issued share capital of the Company).

By order of the Board of Directors Haier Smart Home Co., Ltd.* Mr. LIANG Haishan Chairman

Qingdao, the PRC

11 January 2021

As at the date of this announcement, the executive directors of the Company are LIANG Haishan and LI Huagang, the non-executive directors of the Company are TAN Lixia, WU Changqi and LIN Sui and the independent non-executive directors of the Company are DAI Deming, CHIEN Da-Chun and WONG Hak Kun.

• For identification purpose only

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