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Medlive Technology Co., Ltd. — Capital/Financing Update 2022
Oct 9, 2022
50436_rns_2022-10-09_1c959fa0-fd3b-4144-ab26-ee9069571f72.pdf
Capital/Financing Update
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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.
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HISENSE HOME APPLIANCES GROUP CO., LTD. 海信家電集團股份有限公司
(A joint stock limited company incorporated in the People’s Republic of China with limited liability)
(Stock Code: 00921)
DISCLOSEABLE TRANSACTIONS SUBSCRIPTION OF WEALTH MANAGEMENT PRODUCTS
At the first meeting for the year 2022 held by the eleventh session of the Directors on 30 March 2022 and the 2021 annual general meeting of the Company held on 24 June 2022, a resolution on entrusted wealth management of idle self-owned funds of the Company was considered and approved. Subject to the investment risk control by the Company and the principles of improving efficiency of the use of capital and increasing return on cash assets, the entrustment of idle self-owned funds of not more than RMB10,000,000,000 to commercial banks, trust companies, securities companies, fund companies, insurance companies, asset management companies and other financial institutions to conduct short-term and low-risk investment for wealth management was approved.
Reference is made to the SPD Bank Wealth Management Agreements in relation to subscription of wealth management products by the Company and its subsidiaries (as subscribers) from SPD Bank (as issuer), further particulars of which are listed out in the section headed “List of SPD Bank Wealth Management Agreements” in this announcement.
The Board is pleased to announce that, during the period from 16 September 2022 to 8 October 2022, the Company and its non-wholly owned subsidiary, Air-conditioner Marketing Company and Refrigerator Marketing Company as subscribers entered into the 2022 SPD Bank 9th Wealth Management Agreement, the 2022 SPD Bank 10th Wealth Management Agreement, the 2022 SPD Bank 11th Wealth Management Agreement and the 2022 SPD Bank 12th Wealth Management Agreement, to subscribe for the 2022 9th SPD Wealth Management Product, 2022 10th SPD Wealth Management Product, 2022 11th SPD Wealth Management Product and 2022 12th SPD Wealth Management Product, respectively, in an aggregate subscription amount of RMB1,005,000,000 (equivalent to approximately HK$1,129,102,115 [Note1] ).
The Group utilised its idle funds for the payment of the subscription amount under the SPD Bank Wealth Management Agreements.
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For each of the 2022 SPD Bank 9 t h Wealth Management Agreement, the 2022 SPD Bank 10 t h Wealth Management Agreement, the 2022 SPD Bank 11 t h Wealth Management Agreement and the 2022 SPD Bank 12 t h Wealth Management Agreement, all applicable percentage ratios (as defined under the Listing Rules) are below 5%. Therefore, each of the 2022 SPD Bank 9 t h Wealth Management Agreement, the 2022 SPD Bank 10 t h Wealth Management Agreement, the 2022 SPD Bank 11 t h Wealth Management Agreement and the 2022 SPD Bank 12 t h Wealth Management Agreement by itself does not constitute a discloseable transaction of the Company under Rule 14.06 of the Listing Rules. However, pursuant to Rule 14.22 of the Listing Rules, when the relevant subscription amounts under the 2022 SPD Bank 9 t h Wealth Management Agreement, the 2022 SPD Bank 10 t h Wealth Management Agreement, the 2022 SPD Bank 11 t h Wealth Management Agreement and the 2022 SPD Bank 12 t h Wealth Management Agreement are aggregated, one of the applicable percentage ratios (as defined under the Listing Rules) of the transactions exceeds 5% but is less than 25%, and when the relevant subscription amounts under the SPD Bank Wealth Management Agreements are aggregated, the relevant applicable percentage ratios of the transactions under the SPD Bank Wealth Management Agreements exceed 5% but are lower than 25%. Therefore, the transactions under the 2022 SPD Bank 9 t h Wealth Management Agreement, the 2022 SPD Bank 10 t h Wealth Management Agreement, the 2022 SPD Bank 11 t h Wealth Management Agreement and the 2022 SPD Bank 12 t h Wealth Management Agreement, on an aggregate basis, constitute discloseable transactions of the Company and are subject to the reporting and announcement requirements under the Listing Rules.
At the first meeting for the year 2022 held by the eleventh session of the Directors on 30 March 2022 and the 2021 annual general meeting of the Company held on 24 June 2022, a resolution on entrusted wealth management of idle self-owned funds of the Company was considered and approved. Subject to the investment risk control by the Company and the principles of improving efficiency of the use of capital and increasing return on cash assets, the entrustment of idle self-owned funds of not more than RMB10,000,000,000 to commercial banks, trust companies, securities companies, fund companies, insurance companies, asset management companies and other financial institutions to conduct short-term and low-risk investment for wealth management was approved.
Reference is made to the SPD Bank Wealth Management Agreements in relation to subscription of wealth management products by the Company and its subsidiaries (as subscribers) from SPD Bank (as issuer), further particulars of which are listed out in the section headed “List of SPD Bank Wealth Management Agreements” in this announcement.
The Board is pleased to announce that, during the period from 16 September 2022 to 8 October 2022, the Company and its non-wholly owned subsidiary, Air-conditioner Marketing Company and Refrigerator Marketing Company as subscribers entered into the 2022 SPD Bank 9 t h Wealth Management Agreement, the 2022 SPD Bank 10 t h Wealth Management Agreement, the 2022 SPD Bank 11 t h Wealth Management Agreement and the 2022 SPD Bank 12 t h Wealth Management Agreement, to subscribe for the 2022 9th SPD Wealth Management Product, 2022 10th SPD Wealth Management Product, 2022 11th SPD Wealth Management Product and 2022 12th SPD Wealth Management Product, respectively, in an aggregate subscription amount of RMB1,005,000,000 (equivalent to approximately HK$1,129,102,115 [Note1] ).
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The Group utilised its idle funds for the payment of the subscription amount under the SPD Bank Wealth Management Agreements. Summarised below are the major terms of the 2022 SPD Bank 9 t h Wealth Management Agreement, the 2022 SPD Bank 10 t h Wealth Management Agreement, the 2022 SPD Bank 11 t h Wealth Management Agreement and the 2022 SPD Bank 12 t h Wealth Management Agreement:
| 2022 SPD Bank 9th Wealth Management Agreement | |
|---|---|
| (1) Date of subscription: |
16 September 2022 |
| (2) Name of product: |
SPD Bank Putian Tongying No. 1 Wealth Management Plan ( 浦發銀行浦天同盈1號理財計劃) |
| (3) Parties: | (i) SPD Bank as issuer (ii) Air-conditioner Marketing Company as subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, SPD Bank and its ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: |
Non-principal-guaranteed with floating return |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB250,000,000 (equivalent to approximately HK$283,135,327_Note2_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
Every Working Day is an open day for subscriptions and redemptions, so the term of investment of the 2022 SPD Bank 9th Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected maximum rate of return: |
The performance comparison benchmark is the 7-day notice deposit rate of the People’s Bank of China (1.35%). |
| (10) Investment scope of the product: |
The 2022 SPD Bank 9th Wealth Management Product invests in fixed income assets such as cash, deposits, interbank deposits, inter-bank lending, repo, interbank loans, and national bonds, local government bonds, central bank bills, interbank certificates of deposit, financial bonds, corporate bonds, enterprise bonds, medium-term notes, short-term financing bills, ultra-short-term financing bills, standardized bills, non-public directed debt financing instruments, asset-backed securities, asset-backed notes, project revenue notes, project revenue bonds, small and medium-sized enterprise pooled notes, bond lending, currency funds and other standardized debt assets that meet regulatory recognition criteria, and trust plans, securities companies and their asset management company asset management plans, fund companies and their asset management company asset management plans, insurance companies and their asset management company asset management plans, futures companies and their asset management company asset management plans which mainly invest in the aforementioned assets. |
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| (11) Payment of return on principal **upon maturity: ** |
The principal and return will be deposited to the designated account of the subscriber on the day of redemption which is a working day. |
|---|---|
| (12) Right of early termination: |
The SPD Bank is entitled to early termination of the 2022 SPD Bank 9th Wealth Management Product. |
| 2022 SPD Bank 10th Wealth Management Agreement | |
| (1) Date of subscription: |
19 September 2022 |
| (2) Name of product: |
SPD Bank Tiantianli Advance No. 1 Wealth Management Plan ( 浦發銀行天添利進取1 號理財計劃) |
| (3) Parties: | (i) SPD Bank as issuer (ii) the Company as subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, SPD Bank and its ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: |
Non-principal-guaranteed with floating return |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB155,000,000 (equivalent to approximately HK$175,313,585_Note 3_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
Every Working Day is an open day for subscriptions and redemptions, so the term of investment of the 2022 SPD Bank 10th Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected maximum rate of return: |
The performance comparison benchmark is the 7-day notice deposit rate of the People’s Bank of China (1.35%). |
| (10) Investment scope of the product: |
The 2022 SPD Bank 10th Wealth Management Product invests in fixed income assets such as cash, deposits, interbank deposits, inter-bank lending, repo, and national bonds, local government bonds, central bank bills, interbank certificates of deposit, financial bonds, corporate bonds, enterprise bonds, medium-term notes, short-term financing bills, ultra-short-term financing bills, standardized bills, non-public directed debt financing instruments, asset-backed securities, asset-backed notes, project revenue notes, project revenue bonds, small and medium-sized enterprise pooled notes, perpetual bonds, subordinated bonds, convertible bonds, exchangeable bonds, bond lending, currency funds and other standardized debt assets that meet regulatory recognition criteria, and trust plans, securities companies and their asset management company asset management plans, fund companies and their asset management company asset management plans, insurance companies and their asset management company asset management plans, futures companies and their asset management company asset management plans which mainly invest in the |
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| aforementioned assets. | |
|---|---|
| (11) Payment of return on principal **upon maturity: ** |
The principal and return will be deposited to the designated account of the subscriber on the day of redemption which is a working day. |
| (12) Right of early termination: |
The SPD Bank has the right to extend the term of the subscription based on the operation of the 2022 SPD Bank 10th Wealth Management Product. |
| 2022 SPD Bank 11th Wealth Management Agreement | |
| (1) Date of subscription: |
20 September 2022 |
| (2) Name of product: |
SPD Bank Putian Tongying No. 1 Wealth Management Plan ( 浦發銀行浦天同盈1號理財計劃) |
| (3) Parties: | (i) SPD Bank as issuer (ii) Refrigerator Marketing Company as subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, SPD Bank and its ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: |
Non-principal-guaranteed with floating return |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB300,000,000 (equivalent to approximately HK$338,956,241_Note4_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
Every Working Day is an open day for subscriptions and redemptions, so the term of investment of the 2022 SPD Bank 11th Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected maximum rate of return: |
The performance comparison benchmark is the 7-day notice deposit rate of the People’s Bank of China (1.35%). |
| (10) Investment scope of the product: |
The 2022 SPD Bank 11th Wealth Management Product invests in fixed income assets such as cash, deposits, interbank deposits, inter-bank lending, repo, interbank loans, and national bonds, local government bonds, central bank bills, interbank certificates of deposit, financial bonds, corporate bonds, enterprise bonds, medium-term notes, short-term financing bills, ultra-short-term financing bills, standardized bills, non-public directed debt financing instruments, asset-backed securities, asset-backed notes, project revenue notes, project revenue bonds, small and medium-sized enterprise pooled notes, bond lending, currency funds and other standardized debt assets that meet regulatory recognition criteria, and trust plans, securities companies and their asset management company asset management plans, fund companies and their asset management company asset management |
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| plans, insurance companies and their asset management company asset management plans, futures companies and their asset management company asset management plans which mainly invest in the aforementioned assets. |
|
|---|---|
| (11) Payment of return on principal upon maturity: |
The principal and return (if any) will be deposited to the designated account of the subscriber on the maturity date if it is a Working Day, or on the followingWorkingDayif the maturitydate falls on a non-WorkingDay. |
| (12) Right of early termination: |
The SPD Bank is entitled to early termination of the 2022 SPD Bank 11th Wealth Management Product. |
| 2022 SPD Bank 12th Wealth Management Agreement | |
| (1) Date of subscription: |
8 October 2022 |
| (2) Name of product: |
SPD Bank Putian Tongying No. 1 Wealth Management Plan ( 浦發銀行浦天同盈1號理財計劃) |
| (3) Parties: | (i) SPD Bank as issuer (ii) Air-conditioner Marketing Company as subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, SPD Bank and its ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: |
Non-principal-guaranteed with floating return |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB300,000,000 (equivalent to approximately HK$331,696,962_Note5_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
Every Working Day is an open day for subscriptions and redemptions, so the term of investment of the 2022 SPD Bank 12th Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected maximum rate of return: |
The performance comparison benchmark is the 7-day notice deposit rate of the People’s Bank of China (1.35%). |
| (10) Investment scope of the product: |
The 2022 SPD Bank 12th Wealth Management Product invests in fixed income assets such as cash, deposits, interbank deposits, inter-bank lending, repo, interbank loans, and national bonds, local government bonds, central bank bills, interbank certificates of deposit, financial bonds, corporate bonds, enterprise bonds, medium-term notes, short-term financing bills, ultra-short-term financing bills, standardized bills, non-public directed debt financing instruments, asset-backed securities, asset-backed notes, project revenue notes, project revenue bonds, small and medium-sized enterprise pooled notes, bond lending, currency funds and other standardized debt assets that meet regulatory recognition criteria, and trust plans, securities companies and their asset management company asset management plans, fund companies and their asset management company asset management |
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| plans, insurance companies and their asset management company asset management plans, futures companies and their asset management company asset management plans which mainly invest in the aforementioned assets. |
|
|---|---|
| (11) Payment of return on principal upon maturity: |
The principal and return (if any) will be deposited to the designated account of the subscriber on the maturity date if it is a Working Day, or on the following Working Day if the maturity date falls on a non-Working Day. |
| (12) Right of early termination: |
The SPD Bank is entitled to early termination of the 2022 SPD Bank 12th Wealth Management Product. |
REASONS FOR AND BENEFITS OF THE SUBSCRIPTIONS
The approval procedures of the subscriptions of wealth management products by the Company are in compliance with the relevant requirements of “Management Measures for Conducting Entrusted Wealth Management Transactions” ( 《委託理財管理制度》 ) of the Company. The subscriptions of the SPD Bank Wealth Management Products are made from the idle self-owned funds of the Group. Such use of the idle self-owned funds for entrusted wealth management is beneficial for enhancing efficiency of use of idle self-owned funds of the Group and will not adversely affect the daily operation and the principal business development of the Group as well as the interests of medium and small investors of the Company.
The Board considers that the subscriptions of the SPD Bank Wealth Management Products are on normal commercial terms, fair and reasonable, and in the interests of the Company and Shareholders as a whole.
IMPLICATION OF THE LISTING RULES
For each of the 2022 SPD Bank 9th Wealth Management Agreement, the 2022 SPD Bank 10th Wealth Management Agreement, the 2022 SPD Bank 11th Wealth Management Agreement and the 2022 SPD Bank 12th Wealth Management Agreement, all applicable percentage ratios (as defined under the Listing Rules) are below 5%. Therefore, each of the 2022 SPD Bank 9th Wealth Management Agreement, the 2022 SPD Bank 10th Wealth Management Agreement, the 2022 SPD Bank 11th Wealth Management Agreement and the 2022 SPD Bank 12th Wealth Management Agreement by itself does not constitute a discloseable transaction of the Company under Rule 14.06 of the Listing Rules. However, pursuant to Rule 14.22 of the Listing Rules, when the relevant subscription amounts under the 2022 SPD Bank 9th Wealth Management Agreement, the 2022 SPD Bank 10th Wealth Management Agreement, the 2022 SPD Bank 11th Wealth Management Agreement and the 2022 SPD Bank 12th Wealth Management Agreement are aggregated, one of the applicable percentage ratios (as defined under the Listing Rules) of the transactions exceeds 5% but is less than 25%, and when the relevant subscription amounts under the SPD Bank Wealth Management Agreements are aggregated, the relevant applicable percentage ratios of the transactions under the SPD Bank Wealth Management Agreements exceed 5% but are lower than 25%. Therefore, the transactions under the 2022 SPD Bank 9th Wealth Management Agreement, the 2022 SPD Bank 10th Wealth Management Agreement, the 2022 SPD Bank 11th Wealth Management Agreement and the 2022 SPD Bank 12th Wealth Management Agreement, on an
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aggregate basis, constitute discloseable transactions of the Company and are subject to the reporting and announcement requirements under the Listing Rules.
INFORMATION OF THE COMPANY, AIR-CONDITIONER MARKETING COMPANY, REFRIGERATOR MARKETING COMPANY AND THE SPD BANK
The Company
The Company and its subsidiaries are principally engaged in research and development, manufacturing and marketing of electrical products such as refrigerators, household air-conditioners, central air-conditioners, freezers, washing machines, kitchen appliances, etc and automotive air conditioner compressor and integrated thermal management system.
Air-conditioner Marketing Company
Air-conditioner Marketing Company is a company established in the PRC and a non-wholly owned subsidiary of the Company. It is principally engaged in the sales of refrigeration and air-conditioning equipment; sales of household appliances; installation services for household appliances; technical services, technical development, technical consultation, technical transfer, technical promotion; repair of daily-use appliances.
Refrigerator Marketing Company
Refrigerator Marketing Company is a company incorporated in the PRC and a non-wholly owned subsidiary of the Company. It is principally engaged in sales and after-sales service and technical services of household appliances such as refrigerators, freezers, washing machines, household appliances.
The SPD Bank
The SPD Bank is a branch of Shanghai Pudong Development Bank Co., Ltd.*( 上海浦東發展銀行 股份有限公司 ), a licensed bank incorporated under the laws of the PRC listed on The Shanghai Stock Exchange (Stock code: 600000). The principal businesses of the SPD Bank include finance and trust investment business.
LIST OF SPD BANK WEALTH MANAGEMENT AGREEMENTS
| Name of agreement | Date of agreement / announcement | Subscriber | Wealth management products subscribed |
|---|---|---|---|
| 2021 SPD Bank 5th Wealth Management Agreement |
6 September 2021 (agreement) / 6 September 2021 (announcement) |
Hisense (Beijing) Electric |
2021 SPD Bank 5th Wealth Management Product |
| 2021 SPD Bank 6th Wealth Management Agreement |
29 September 2021 (agreement) / 29 September 2021 (announcement) |
Gorenje Company |
2021 SPD Bank 6th Wealth Management Product |
| 2021 SPD Bank 7th Wealth Management Agreement |
4 November 2021 (agreement) / 4 November 2021 (announcement) |
Gorenje Company |
2021 SPD Bank 7th Wealth Management Product |
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| 2021 SPD Bank 8th Wealth Management Agreement |
9 December 2021 (agreement) / 9 December 2021 (announcement) |
Gorenje Company |
2021 SPD Bank 8th Wealth Management Product |
|---|---|---|---|
| 2021 SPD Bank 9th Wealth Management Agreement |
9 December 2021 (agreement) / 9 December 2021 (announcement) |
Hisense (Beijing) Electric |
2021 SPD Bank 9th Wealth Management Product |
| 2022 SPD Bank 1st Wealth Management Agreement |
17 February 2022 (agreement) / 16 June 2022 (announcement) |
Gorenje Company |
2022 SPD Bank 1st Wealth Management Product |
| 2022 SPD Bank 2nd Wealth Management Agreement |
16 June 2022 (agreement) / 16 June 2022 (announcement) |
Refrigerator Marketing Company |
2022 SPD Bank 2nd Wealth Management Product |
| 2022 SPD Bank 3rd Wealth Management Agreement |
16 June 2022 (agreement) / 16 June 2022 (announcement) |
Refrigerator Marketing Company |
2022 SPD Bank 3rd Wealth Management Product |
| 2022 SPD Bank 4th Wealth Management Agreement |
17 August 2022 (agreement) / 18 August 2022 (announcement) |
Air-conditioner Marketing Company |
2022 SPD Bank 4th Wealth Management Product |
| 2022 SPD Bank 5th Wealth Management Agreement |
17 August 2022 (agreement) / 18 August 2022 (announcement) |
Air-conditioner Marketing Company |
2022 SPD Bank 5th Wealth Management Product |
| 2022 SPD Bank 6th Wealth Management Agreement |
18 August 2022 (agreement) / 18 August 2022 (announcement) |
Refrigerator Marketing Company |
2022 SPD Bank 6th Wealth Management Product |
| 2022 SPD Bank 7th Wealth Management Agreement |
18 August 2022 (agreement) / 18 August 2022 (announcement) |
Refrigerator Marketing Company |
2022 SPD Bank 7th Wealth Management Product |
| 2022 SPD Bank 8th Wealth Management Agreement |
18 August 2022 (agreement) / 18 August 2022 (announcement) |
Refrigerator Marketing Company |
2022 SPD Bank 8th Wealth Management Product |
The aggregate subscription amount of the SPD Bank Wealth Management Products above (excluding the 2022 SPD Bank 9th Wealth Management Product, the 2022 SPD Bank 10th Wealth Management Product, the 2022 SPD Bank 11th Wealth Management Product and the 2022 SPD Bank 12th Wealth Management Product) is RMB1,670,000,000 (equivalent to approximately HK$1,954,117,033 [Note6] ).
DEFINITIONS
In this announcement, unless the context requires otherwise, the following terms have the meanings set out below:
2022 SPD Bank 9th the wealth management agreement entered into between Wealth Management Air-conditioner Marketing Company and the SPD Bank on 16 Agreement” September 2022 in relation to the subscription of the 2022 SPD Bank 9th Wealth Management Product;
“2022 SPD Bank 9th Wealth Management Product”
the wealth management product subscribed under the 2022 SPD Bank 9th Wealth Management Agreement, the major terms of which are summarised in this announcement;
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2022 SPD Bank 10th the wealth management agreement entered into between the Company Wealth Management and the SPD Bank on 19 September 2022 in relation to the Agreement” subscription of the 2022 SPD Bank 10th Wealth Management Product; “2022 SPD Bank 10th the wealth management product subscribed under the 2022 SPD Bank Wealth Management 10th Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; 2022 SPD Bank 11th the wealth management agreement entered into between Refrigerator Wealth Management Marketing Company and the SPD Bank on 20 September 2022 in Agreement” relation to the subscription of the 2022 SPD Bank 11th Wealth Management Product; “2022 SPD Bank 11th the wealth management product subscribed under the 2022 SPD Bank Wealth Management 11th Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; 2022 SPD Bank 12th the wealth management agreement entered into between Wealth Management Air-conditioner Marketing Company and the SPD Bank on 8 October Agreement” 2022 in relation to the subscription of the 2022 SPD Bank 12th Wealth Management Product; “2022 SPD Bank 12th the wealth management product subscribed under the 2022 SPD Bank Wealth Management 12th Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “Air-conditioner Qingdao Hisense Air-conditioner Marketing Co., Ltd.*(青島海信空調 Marketing Company” 營銷股份有限公司 ), a non-wholly owned subsidiary of the Company ；
- “Board” the board of directors of the Company;
“Company” Hisense Home Appliances Group Co., Ltd.* ( 海信家電集團股份有限 公司 ) , a joint stock limited company incorporated in the PRC with limited liabilities, whose shares are listed on the main board of the Hong Kong Stock Exchange and the Shenzhen Stock Exchange;
- “connected person(s)” has the meaning ascribed to it under the Listing Rules;
“Director(s)” the director(s) of the Company;
“Group” the Company and its subsidiaries; Gorenje Company Qingdao Gorenje Electrical Co., Ltd.*( 青島古洛尼電器股份有限公 司 ), a non-wholly owned subsidiary of the Company;
Hisense (Beijing) Electric Co., Ltd.*( 海信（北京）電器有限公司 ), a “Hisense (Beijing) Electric” non-wholly owned subsidiary of the Company;
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“HK$” Hong Kong dollars, the lawful currency of Hong Kong;
-
“Hong Kong Stock Exchange” The Stock Exchange of Hong Kong Limited; “Listing Rules” the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange;
-
“PRC” the People’s Republic of China; “Refrigerator Guangdong Hisense Refrigerator Marketing Co., Ltd.(
廣東海信冰箱Marketing Company”營銷股份有限公司), a non-wholly owned subsidiary of the Company; “Renminbi” or “RMB” Renminbi, the lawful currency of the PRC; “Shareholder(s)” the shareholder(s) of the Company; “SPD Bank”[a branch of Shanghai Pudong Development Bank Co., Ltd. (][上海浦] 東發展銀行股份有限公司), a licensed bank incorporated under the laws of the PRC; -
“SPD Bank Wealth the SPD Bank wealth management agreements as listed in the section Management headed “List of SPD Bank Wealth Management Agreements” in this
-
Agreements” announcement, the 2022 SPD Bank 9th Wealth Management Agreement, the 2022 SPD Bank 10th Wealth Management Agreement, the 2022 SPD Bank 11th Wealth Management Agreement and the 2022 SPD Bank 12th Wealth Management Agreement;
-
“SPD Bank Wealth[the wealth management products subscribed under the SPD Bank ] Management Products” Wealth Management Agreements;
“Working Day”[the day on which the SPD Bank is generally open for business, other ] than Saturday, Sunday (except for days on which it is open for business due to adjustment of Chinese holidays) or any other statutory holidays in the PRC;
-
“%” per cent; and
-
“*” for identification purposes only.
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Notes:
1. This amount is an aggregation of the subscription amount of the 2022 SPD Bank 9th Wealth Management Agreement, the 2022 SPD Bank 10th Wealth Management Agreement, the 2022 SPD Bank 11th Wealth Management Agreement and the 2022 SPD Bank 12th Wealth Management Agreement; For the exchange rate for converting the subscription amount from RMB to HK$ under each of the 2022 SPD Bank 9th Wealth Management Agreement, the 2022 SPD Bank 10th Wealth Management Agreement, the 2022 SPD Bank 11th Wealth Management Agreement and the 2022 SPD Bank 12th Wealth Management Agreement, please refer to Notes 2,3,4 and 5 below.
2. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.88297 to HK$1 for the purpose of illustration only. No representation is made that any amount in HK$ or RMB could have been or could be converted at the relevant dates at the above rate or at any other rates or at all.
3. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.88413 to HK$1 for the purpose of illustration only. No representation is made that any amount in HK$ or RMB could have been or could be converted at the relevant dates at the above rate or at any other rates or at all.
4. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.88507 to HK$1 for the purpose of illustration only. No representation is made that any amount in HK$ or RMB could have been or could be converted at the relevant dates at the above rate or at any other rates or at all.
5. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.90444 to HK$1 for the purpose of illustration only. No representation is made that any amount in HK$ or RMB could have been or could be converted at the relevant dates at the above rate or at any other rates or at all.
6. This amount is an aggregation of the HK$ amounts converted from RMB at exchange rates adopted in this announcement. The conversion is for the purpose of illustration only. No representation is made that any amount in HK$ or RMB could have been or could be converted at the relevant dates at the above rate or at any other rates or at all.
By order of the Board of Hisense Home Appliances Group Co., Ltd. Dai Hui Zhong Chairman
Foshan City, Guangdong, the PRC, 9 October 2022
As at the date of this announcement, the Company’s executive directors are Mr. Dai Hui Zhong, Mr. Lin Lan, Mr. Jia Shao Qian, Mr. Fei Li Cheng, Mr. Xia Zhang Zhua and Ms. Gao Yu Ling; and the Company’s independent non-executive directors are Mr. Ma Jin Quan, Mr. Zhong Geng Shen and Mr. Cheung Sai Kit.
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