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Medlive Technology Co., Ltd. Capital/Financing Update 2023

Jun 13, 2023

50436_rns_2023-06-13_014c3d2a-dd9d-48d5-848e-0721c49520ae.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 and its subsidiary(ies) (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 3 November 2022 to 13 June 2023, the Company and its non-wholly owned subsidiary, Air-conditioner Marketing Company, Refrigerator Marketing Company and Gorenje Company as subscribers entered into the SPD Bank Wealth Management Agreements to subscribe for the SPD Bank Wealth Management Products in an aggregate subscription amount of RMB1,683,000,000 (equivalent to approximately HK$ 1,857,582,376 [Note1] ).

The Group utilised its idle funds for the payment of the subscription amount under the SPD Bank Wealth Management Agreements.

Each of the SPD Bank Wealth Management Agreements by itself does not constitute 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 SPD Bank Wealth

1

Management Agreements are aggregated, the relevant applicable percentage ratios (as defined under the Listing Rules) of the transactions under the SPD Bank Wealth Management Agreements exceed 5% but are lower than 25%. Therefore, the transactions under the SPD Bank Wealth Management Agreements, 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 and its subsidiary(ies) (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 3 November 2022 to 13 June 2023, the Company and its non-wholly owned subsidiary, Air-conditioner Marketing Company, Refrigerator Marketing Company and Gorenje Company as subscribers entered into the SPD Bank Wealth Management Agreements to subscribe for the SPD Bank Wealth Management Products in an aggregate subscription amount of RMB1,683,000,000 (equivalent to approximately HK$1,857,582,376 [Note1] ).

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 SPD Bank Wealth Management Agreements:

2022 SPD Bank 13th Wealth Management Agreement
(1) Date of
subscription:		 3 November 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
thirdparties independent of the Companyand its connectedpersons.
(4) Type of
product:		 Non-principal-guaranteed with floating return

2

(5) Risk rating of
product:		 Relatively low
(6) Principal
amount of
subscription:		 RMB200,000,000 (equivalent to approximately HK$216,628,396_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 13th 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 13th 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 managementplans which mainlyinvest in the 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 is entitled to early termination of the 2022 SPD Bank 13th
Wealth Management Product.
2022 SPD Bank 14th Wealth Management Agreement
(1) Date of
subscription:		 16 November 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
thirdparties independent of the Companyand its connectedpersons.

3

(4) Type of
product:		 Non-principal-guaranteed with floating return
(5) Risk rating of
product:		 Relatively low
(6) Principal
amount of
subscription:		 RMB150,000,000 (equivalent to approximately HK$166,813,091_Note3_)
(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 14th 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 14th 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 managementplans which mainlyinvest in the 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 is entitled to early termination of the 2022 SPD Bank 14th
Wealth Management Product.
2022 SPD Bank 15th Wealth Management Agreement
(1) Date of
subscription:		 17 November 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

4

To the best of the Directors’ knowledge, information and belief having made
all reasonable enquiries, SPD Bank and its ultimate beneficial owner(s) are
thirdparties independent of the Companyand its connectedpersons.
(4) Type of
product:		 Non-principal-guaranteed with floating return
(5) Risk rating of
product:		 Relatively low
(6) Principal
amount of
subscription:		 RMB278,000,000 (equivalent to approximately HK$307,784,285_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 15th 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 15th 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 managementplans which mainlyinvest in the 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 is entitled to early termination of the 2022 SPD Bank 15th
Wealth Management Product.
2023 1st SPDB Wealth Management Agreement
(1) Date of
subscription:		 8 March 2023
(2) Name of
product:		 SPDB Wealth Management Tiantianli Advance No. 1 Wealth Management
Prduct
(浦銀理財天添利進取1 號理財產品)

5

(3) Parties: (i) SPDB Wealth Management as the asset manager
(ii) Gorenje Company as subscriber
To the best of the Directors’ knowledge, information and belief having made
all reasonable enquiries, SPDB Wealth Management and its ultimate
beneficial owner(s) are third parties independent of the Company and its
connectedpersons.
(4) Type of
product:		 Fixed income
(5) Risk rating of
product:		 Low
(6) Principal
amount of
subscription:		 RMB15,000,000 (equivalent to approximately HK$16,935,948 Note 5)
(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 2023 1st SPDB 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.
(10) Investment
scope of the
product:		 The 2023 1st SPDB Wealth Management Product invests in cash, bank
deposits, bond repurchases, central bank bills and interbank certificates of
deposit with a maturity of less than one year (including one year), bonds
with a remaining maturity of 397 days or less, asset-backed securities issued
in the interbank market and stock exchange market, other currency market
instruments with good liquidity as authorised by the China Banking and
Insurance RegulatoryCommission and the People’s Bank of China.
(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 SPDB Wealth Management has the right to extend the term of the
subscription based on the operation of the 2023 1st SPDB Wealth
Management Product.
2023 2nd SPDB Wealth Management Agreement
(1) Date of
subscription:		 11 May 2023
(2) Name of
product:		 SPDB Wealth Management Weekly Pay Minimum Hold Period
(Proactiveness) Wealth Management Product
(浦銀理財周周鑫最短持有期（進取款）理財產品)
(3) Parties: (i) SPDB Wealth Management as the asset manager
(ii) the Company as subscriber

6

To the best of the Directors’ knowledge, information and belief having made
all reasonable enquiries, SPDB Wealth Management and its ultimate
beneficial owner(s) are third parties independent of the Company and its
connectedpersons.
(4) Type of
product:		 Fixed income
(5) Risk rating of
product:		 Relatively low
(6) Principal
amount of
subscription:		 RMB140,000,000 (equivalent to approximately HK$158,570,150_Note6_)
(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 2023 2nd SPDB Wealth Management Product
is subject to the redemption time of the subscriber.
(9) Expected
maximum rate of
return:		 The performance will fluctuate with the market and is subject to uncertainty.
(10) Investment
scope of the
product:		 The 2023 2nd SPDB Wealth Management Product invests in the following
assets, including but not limited to:
Fixed-income assets: cash, deposits, interbank deposits, inter-bank lending,
monetary funds; treasury bonds, local government bonds, central bank bills,
interbank certificates of deposit, financial bonds, company bonds, corporate
bonds, medium-term notes, short-term financing bills, ultra-short-term
financing 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, sustainable bonds,
subordinated bonds, convertible bonds, exchangeable bonds, bond loans and
other standardized debt assets that meet the regulatory standards.
Equity assets: preferred shares of listed banks (no secondary market
transactions involved)
Financial derivative assets: interest rate, credit and other derivative financial
instruments, including but not limited to treasury futures, interest rate swaps,
income swaps, exchange rate and exchange rate derivatives, credit risk
mitigation instruments, etc. (only indirect investments through investment
channels and methods that comply with laws and regulations before the
manager obtains thequalification of derivatives tradingbusiness).
(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 SPDB Wealth Management has the right to extend the term of the
subscription based on the operation of the 2023 2nd SPDB Wealth
Management Product.

7

2023 3rd SPDB Wealth Management Agreement
(1) Date of
subscription:		 16 May 2023
(2) Name of
product:		 SPDB Wealth Management Tiantianli Advance No. 1 Wealth Management
Prduct
(浦銀理財天添利進取1 號理財產品)
(3) Parties: (i) SPDB Wealth Management as the asset manager
(ii) Gorenje Company as subscriber
To the best of the Directors’ knowledge, information and belief having made
all reasonable enquiries, SPDB Wealth Management and its ultimate
beneficial owner(s) are third parties independent of the Company and its
connectedpersons.
(4) Type of
product:		 Fixed income
(5) Risk rating of
product:		 Low
(6) Principal
amount of
subscription:		 RMB10,000,000 (equivalent to approximately HK$11,188,686 Note 7)
(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 2023 3rd SPDB 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.
(10) Investment
scope of the
product:		 The 2023 3rd SPDB Wealth Management Product invests in cash, bank
deposits, bond repurchases, central bank bills and interbank certificates of
deposit with a maturity of less than one year (including one year), bonds
with a remaining maturity of 397 days or less, asset-backed securities issued
in the interbank market and stock exchange market, other currency market
instruments with good liquidity as authorised by the China Banking and
Insurance RegulatoryCommission and the People’s Bank of China.
(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 SPDB Wealth Management has the right to extend the term of the
subscription based on the operation of the 2023 3rd SPDB Wealth
Management Product.

2023 4th SPDB Wealth Management Agreement

8

(1) Date of
subscription:		 18 May 2023
(2) Name of
product:		 SPDB Wealth Management Tiantianli Advance No. 1 Wealth Management
Prduct
(浦銀理財天添利進取1 號理財產品)
(3) Parties: (i) SPDB Wealth Management as the asset manager
(ii) Air-conditioner Marketing Company as subscriber
To the best of the Directors’ knowledge, information and belief having made
all reasonable enquiries, SPDB Wealth Management and its ultimate
beneficial owner(s) are third parties independent of the Company and its
connectedpersons.
(4) Type of
product:		 Fixed income
(5) Risk rating of
product:		 Low
(6) Principal
amount of
subscription:		 RMB150,000,000 (equivalent to approximately HK$167,830,290 Note 8)
(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 2023 4th SPDB 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.
(10) Investment
scope of the
product:		 The 2023 4th SPDB Wealth Management Product invests in cash, bank
deposits, bond repurchases, central bank bills and interbank certificates of
deposit with a maturity of less than one year (including one year), bonds
with a remaining maturity of 397 days or less, asset-backed securities issued
in the interbank market and stock exchange market, other currency market
instruments with good liquidity as authorised by the China Banking and
Insurance RegulatoryCommission and the People’s Bank of China.
(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 SPDB Wealth Management has the right to extend the term of the
subscription based on the operation of the 2023 4th SPDB Wealth
Management Product.
2023 5th SPDB Wealth Management Agreement
(1) Date of
subscription:		 6 June 2023
(2) Name of SPDB Wealth Management WeeklyPayMinimum Hold Period

9

product: (Proactiveness) Wealth Management Product
(浦銀理財周周鑫最短持有期（進取款）理財產品)
(3) Parties: (i) SPDB Wealth Management as the asset manager
(ii) Air-conditioner Marketing Company as subscriber
To the best of the Directors’ knowledge, information and belief having made
all reasonable enquiries, SPDB Wealth Management and its ultimate
beneficial owner(s) are third parties independent of the Company and its
connectedpersons.
(4) Type of
product:		 Fixed income
(5) Risk rating of
product:		 Relatively low
(6) Principal
amount of
subscription:		 RMB80,000,000 (equivalent to approximately HK$88,221,347_Note9_)
(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 2023 5th SPDB Wealth Management Product
is subject to the redemption time of the subscriber.
(9) Expected
maximum rate of
return:		 The performance will fluctuate with the market and is subject to uncertainty.
(10) Investment
scope of the
product:		 The 2023 5th SPDB Wealth Management Product invests in the following
assets, including but not limited to:
Fixed-income assets: cash, deposits, interbank deposits, inter-bank lending,
monetary funds; treasury bonds, local government bonds, central bank bills,
interbank certificates of deposit, financial bonds, company bonds, corporate
bonds, medium-term notes, short-term financing bills, ultra-short-term
financing 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, sustainable bonds,
subordinated bonds, convertible bonds, exchangeable bonds, bond loans and
other standardized debt assets that meet the regulatory standards.
Equity assets: preferred shares of listed banks (no secondary market
transactions involved)
Financial derivative assets: interest rate, credit and other derivative financial
instruments, including but not limited to treasury futures, interest rate swaps,
income swaps, exchange rate and exchange rate derivatives, credit risk
mitigation instruments, etc. (only indirect investments through investment
channels and methods that comply with laws and regulations before the
manager obtains thequalification of derivatives tradingbusiness).

10

(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 SPDB Wealth Management has the right to extend the term of the
subscription based on the operation of the 2023 5th SPDB Wealth
Management Product.
2023 6th SPDB Wealth Management Agreement
(1) Date of
subscription:		 12 June 2023
(2) Name of
product:		 SPDB Wealth Management Weekly Pay Minimum Hold Period
(Proactiveness) Wealth Management Product
(浦銀理財周周鑫最短持有期（進取款）理財產品)
(3) Parties: (i) SPDB Wealth Management as the asset manager
(ii) Air-conditioner Marketing Company as subscriber
To the best of the Directors’ knowledge, information and belief having made
all reasonable enquiries, SPDB Wealth Management and its ultimate
beneficial owner(s) are third parties independent of the Company and its
connectedpersons.
(4) Type of
product:		 Fixed income
(5) Risk rating of
product:		 Relatively low
(6) Principal
amount of
subscription:		 RMB60,000,000 (equivalent to approximately HK$66,032,752_Note10_)
(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 2023 6th SPDB Wealth Management Product
is subject to the redemption time of the subscriber.
(9) Expected
maximum rate of
return:		 The performance will fluctuate with the market and is subject to uncertainty.
(10) Investment
scope of the
product:		 The 2023 6th SPDB Wealth Management Product invests in the following
assets, including but not limited to:
Fixed-income assets: cash, deposits, interbank deposits, inter-bank lending,
monetary funds; treasury bonds, local government bonds, central bank bills,
interbank certificates of deposit, financial bonds, company bonds, corporate
bonds, medium-term notes, short-term financing bills, ultra-short-term
financing 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, sustainable bonds,
subordinated bonds,convertible bonds,exchangeable bonds,bond loans and

11

other standardized debt assets that meet the regulatory standards.
Equity assets: preferred shares of listed banks (no secondary market
transactions involved)
Financial derivative assets: interest rate, credit and other derivative financial
instruments, including but not limited to treasury futures, interest rate swaps,
income swaps, exchange rate and exchange rate derivatives, credit risk
mitigation instruments, etc. (only indirect investments through investment
channels and methods that comply with laws and regulations before the
manager obtains thequalification of derivatives tradingbusiness).
(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 SPDB Wealth Management has the right to extend the term of the
subscription based on the operation of the 2023 6th SPDB Wealth
Management Product.
2023 7th SPDB Wealth Management Agreement
(1) Date of
subscription:		 13 June 2023
(2) Name of
product:		 SPDB Wealth Management Weekly Pay Minimum Hold Period
(Proactiveness) Wealth Management Product
(浦銀理財周周鑫最短持有期（進取款）理財產品)
(3) Parties: (i) SPDB Wealth Management as the asset manager
(ii) Refrigerator Marketing Company as subscriber
To the best of the Directors’ knowledge, information and belief having made
all reasonable enquiries, SPDB Wealth Management and its ultimate
beneficial owner(s) are third parties independent of the Company and its
connectedpersons.
(4) Type of
product:		 Fixed income
(5) Risk rating of
product:		 Relatively low
(6) Principal
amount of
subscription:		 RMB600,000,000 (equivalent to approximately HK$657,491,014_Note11_)
(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 2023 7th SPDB Wealth Management Product
is subject to the redemption time of the subscriber.
(9) Expected
maximum rate of
return:		 The performance will fluctuate with the market and is subject to uncertainty.
(10) Investment The 2023 7th SPDB Wealth Management Product invests in the following

12

scope of the
product:		 assets, including but not limited to:
Fixed-income assets: cash, deposits, interbank deposits, inter-bank lending,
monetary funds; treasury bonds, local government bonds, central bank bills,
interbank certificates of deposit, financial bonds, company bonds, corporate
bonds, medium-term notes, short-term financing bills, ultra-short-term
financing 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, sustainable bonds,
subordinated bonds, convertible bonds, exchangeable bonds, bond loans and
other standardized debt assets that meet the regulatory standards.
Equity assets: preferred shares of listed banks (no secondary market
transactions involved)
Financial derivative assets: interest rate, credit and other derivative financial
instruments, including but not limited to treasury futures, interest rate swaps,
income swaps, exchange rate and exchange rate derivatives, credit risk
mitigation instruments, etc. (only indirect investments through investment
channels and methods that comply with laws and regulations before the
manager obtains thequalification of derivatives tradingbusiness).
(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 SPDB Wealth Management has the right to extend the term of the
subscription based on the operation of the 2023 7th SPDB 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

Each of the SPD Bank Wealth Management Agreements by itself does not constitute discloseable transaction of the Company under Rule 14.06 of the Listing Rules. However, pursuant to Rule 14.22

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of the Listing Rules, when the relevant subscription amounts under the SPD Bank Wealth Management Agreements are aggregated, the relevant applicable percentage ratios (as defined under the Listing Rules) of the transactions under the SPD Bank Wealth Management Agreements exceed 5% but are lower than 25%. Therefore, the transactions under the SPD Bank Wealth Management Agreements, on an 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, GORENJE COMPANY, THE SPD BANK AND SPDB WEALTH MANAGEMENT

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.

Gorenje Company

Gorenje Company is a company established in the PRC and a non-wholly owned subsidiary of the Company, which is principally engaged in the manufacture of household appliances, research and development of household appliances, sales of spare parts for household appliances; installation services for household appliances; sales of household appliances; sales of electronic products; sales of daily household appliances; sales of household audio-visual equipment, etc.

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.

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SPDB Wealth Management

SPDB Wealth Management Co., Ltd. is a bank financial subsidiary wholly owned by Shanghai Pudong Development Bank Co., Ltd.*( 上海浦東發展銀行股份有限公司 ), The business scope of SPDB Wealth Management mainly covers business areas including public issuance of financial products for the unspecified social public, investment and management of the entrusted investments and properties; non-public issuance of financial products for qualified investors; financial advisory and consulting services, etc.

LIST OF SPD BANK WEALTH MANAGEMENT AGREEMENTS

Name of agreement Date of agreement / announcement Subscriber Wealth management
products subscribed
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
2022 SPD Bank 9th
Wealth Management
Agreement		 16 September 2022 (agreement) /
9 October 2022 (announcement)		 Air-conditioner
Marketing
Company		 2022 SPD Bank 9th
Wealth Management
Product
2022 SPD Bank 10th
Wealth Management
Agreement		 19 September 2022 (agreement) /
9 October 2022 (announcement)		 the Company 2022 SPD Bank 10th
Wealth Management
Product
2022 SPD Bank 11th
Wealth Management
Agreement		 20 September 2022 (agreement) /
9 October 2022 (announcement)		 Refrigerator
Marketing
Company		 2022 SPD Bank 11th
Wealth Management
Product
2022 SPD Bank 12th
Wealth Management
Agreement		 8 October 2022 (agreement) /
9 October 2022 (announcement)		 Air-conditioner
Marketing
Company		 2022 SPD Bank 12th
Wealth Management
Product

The aggregate subscription amount of the SPD Bank Wealth Management Products above (excluding the 2022 SPD Bank 13th Wealth Management Product, the 2022 SPD Bank 14th Wealth Management Product, the 2022 SPD Bank 15th Wealth Management Product, the 2023 1st SPDB Wealth Management Product, the 2023 2nd SPDB Wealth Management Product, the 2023 3rd SPDB Wealth Management Product, the 2023 4th SPDB Wealth Management Product, the 2023 5th SPDB Wealth Management Product, the 2023 6th SPDB Wealth Management Product and the 2023

15

7th SPDB Wealth Management Product) is RMB 2,405,000,000 (equivalent to approximately HK$ 2,754,187,529 [Note1] ).

DEFINITIONS

In this announcement, unless the context requires otherwise, the following terms have the meanings set out below:

“2022 SPD Bank 13th the wealth management agreement entered into between Wealth Management Air-conditioner Marketing Company and the SPD Bank on 3 Agreement” November 2022 in relation to the subscription of the 2022 SPD Bank 13th Wealth Management Product; “2022 SPD Bank 14th the wealth management agreement entered into between Wealth Management Air-conditioner Marketing Company and the SPD Bank on 16 Agreement” November 2022 in relation to the subscription of the 2022 SPD Bank 14th Wealth Management Product; “2022 SPD Bank 15th the wealth management agreement entered into between Refrigerator Wealth Management Marketing Company and the SPD Bank on 17 November 2022 in Agreement” relation to the subscription of the 2022 SPD Bank 15th Wealth Management Product; “2023 1st SPDB the wealth management agreement entered into between Gorenje Wealth Management Company and SPDB Wealth Management on 8 March 2023 in relation Agreement” to the subscription of the 2023 1st SPDB Wealth Management Product; “2023 2nd SPDB the wealth management agreement entered into between the Company Wealth Management and SPDB Wealth Management on 11 May 2023 in relation to the Agreement” subscription of the 2023 2nd SPDB Wealth Management Product; “2023 3rd SPDB the wealth management agreement entered into between Gorenje Wealth Management Company and SPDB Wealth Management on 16 May 2023 in relation Agreement” to the subscription of the 2023 3rd SPDB Wealth Management Product; “2023 4th SPDB the wealth management agreement entered into between Wealth Management Air-conditioner Marketing Company and SPDB Wealth Management Agreement” on 18 May 2023 in relation to the subscription of the 2023 4th SPDB Wealth Management Product; “2023 5th SPDB the wealth management agreement entered into between Wealth Management Air-conditioner Marketing Company and SPDB Wealth Management Agreement” on 6 June 2023 in relation to the subscription of the 2023 5th SPDB Wealth Management Product;

“2023 6th SPDB the wealth management agreement entered into between Wealth Management Air-conditioner Marketing Company and SPDB Wealth Management Agreement” on 12 June 2023 in relation to the subscription of the 2023 6th SPDB

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Wealth Management Product; “2023 7th SPDB the wealth management agreement entered into between Refrigerator Wealth Management Marketing Company and SPDB Wealth Management on 13 June 2023 Agreement” in relation to the subscription of the 2023 7th SPDB Wealth Management Product; “2022 SPD Bank 13th the wealth management product subscribed under the 2022 SPD Bank Wealth Management 13th Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “2022 SPD Bank 14th the wealth management product subscribed under the 2022 SPD Bank Wealth Management 14th Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “2022 SPD Bank 15th the wealth management product subscribed under the 2022 SPD Bank Wealth Management 15th Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “2023 1st SPDB the wealth management product subscribed under the 2023 1st SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “2023 2nd SPDB the wealth management product subscribed under the 2023 2nd SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement;

“2023 3rd SPDB the wealth management product subscribed under the 2023 3rd SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “2023 4th SPDB the wealth management product subscribed under the 2023 4th SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement;

“2023 5th SPDB the wealth management product subscribed under the 2023 5th SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement;

“2023 6th SPDB the wealth management product subscribed under the 2023 6th SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement;

“2023 7th SPDB the wealth management product subscribed under the 2023 7th SPDB Wealth Management 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;

17

“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;
“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;
“SPDB Wealth
Management”		 a bank financial subsidiary wholly owned by Shanghai Pudong
Development Bank Co., Ltd. *(上海浦東發展銀行股份有限公司);

“SPD Bank Wealth the SPD Bank wealth management agreements as listed in the section

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Management headed “List of SPD Bank Wealth Management Agreements” in this Agreements” announcement, the 2022 SPD Bank 13th Wealth Management Agreement, the 2022 SPD Bank 14th Wealth Management Agreement, the 2022 SPD Bank 15th Wealth Management Agreement, the 2023 1st SPDB Wealth Management Agreement, the 2023 2nd SPDB Wealth Management Agreement, the 2023 3rd SPDB Wealth Management Agreement, the 2023 4th SPDB Wealth Management Agreement, the 2023 5th SPDB Wealth Management Agreement, the 2023 6th SPDB Wealth Management Agreement and the 2023 7th SPDB 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.

Notes:

1. 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.

2. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.92324 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 RMB0.89921 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 RMB0.90323 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 RMB0.88569 to HK$1 for the purpose of illustration only. No representation is made that any amount in HK$ or

19

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 has been converted from RMB into HK$ at an exchange rate of RMB0.88289 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.

7. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.88691 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.

8. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.89376 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.

9. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.90681 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.

10. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.90864 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.

11. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.91256 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.

By order of the Board of Hisense Home Appliances Group Co., Ltd. Dai Hui Zhong Chairman

Foshan City, Guangdong, the PRC, 13 June 2023

As at the date of this announcement, the Company’s executive directors are Mr. Dai Hui Zhong, Mr. Jia Shao Qian, Mr. Yu Zhi Tao, Mr. Hu Jian Yong, Mr. Xia Zhang Zhua and Ms. Gao Yu Ling; and the Company’s independent non-executive directors are Mr. Zhong Geng Shen, Mr. Cheung Sai Kit and Mr. Li Zhi Gang.

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