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Medlive Technology Co., Ltd. — Capital/Financing Update 2024
Aug 13, 2024
50436_rns_2024-08-13_1675d972-66ef-4dff-bbd0-3e73b6587760.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
The Board announces that, during the period from 19 January 2024 to 13 August 2024, the Company and its non-wholly owned subsidiaries, Air-conditioner Marketing Company and Refrigerator Marketing Company, as subscribers entered into the Hua Xia Wealth Management Agreements to subscribe for the Hua Xia Wealth Management Products in an aggregate subscription amount of RMB1,890,000,000 (equivalent to approximately HK$2,072,963,064 [Note1] ).
The Group utilised its idle funds for the payment of the subscription amount under the Hua Xia Wealth Management Agreements.
Each of the Hua Xia Wealth Management Agreements 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 subscription amounts under the Hua Xia Wealth Management Agreements are aggregated, the relevant applicable percentage ratios (as defined under the Listing Rules) exceed 5% but are below 25%. Therefore, the transactions under the Hua Xia 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.
BACKGROUND
At the first meeting for the year 2024 held by the eleventh session of the Directors on 29 March 2024 and the 2023 annual general meeting of the Company held on 24 June 2024, 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 RMB19,000,000,000 to commercial banks, trust companies, securities companies, fund companies, insurance companies, asset management companies and other financial institutions to conduct short-term and medium- and low-risk investment for wealth management was approved.
Reference is made to the Hua Xia Wealth Management Agreements in relation to subscription of
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wealth management products by the Company and its subsidiaries (as subscribers) from Hua Xia Wealth Management (as issuers) during the period from 8 January 2024 to 16 January 2024. Please refer to the announcement published by the Company on the website of Hong Kong Stock Exchange (http://www.hkexnews.hk) on 16 January 2024, for further details.
SUBSCRIPTION OF WEALTH MANAGEMENT PRODUCTS
The Board announces that, during the period from 19 January 2024 to 13 August 2024, the Company and its non-wholly owned subsidiaries, Air-conditioner Marketing Company and Refrigerator Marketing Company, as subscribers entered into the Hua Xia Wealth Management Agreements to subscribe for the Hua Xia Wealth Management Products in an aggregate subscription amount of RMB1,890,000,000 (equivalent to approximately HK$2,072,963,064 [Note1] ). The Group utilised its idle funds for the payment of the subscription amount under the Hua Xia Wealth Management Agreements.
MAJOR TERMS OF THE WEALTH MANAGEMENT PRODUCTS
Summarised below are the major terms of the Hua Xia Wealth Management Agreements:
| 2024 3rd Hua Xia Wealth Management Agreement | |
|---|---|
| (1) Date of subscription: |
19 January 2024 |
| (2) Name of product: | Hua Xia Wealth Management Fixed Income Pure Bond Daily Open Wealth Management Product No. 7 ( 華夏理財固定收益純債日日開理財產品7 號) |
| (3) Parties: | (i) Hua Xia Wealth Management as the asset manager (ii) Air-conditioner Marketing Company as subscriber |
| (4) Type ofproduct: | Fixed income |
| (5) Risk rating of product: |
Medium-low risk |
| (6) Principal amount of subscription: |
RMB300,000,000 (equivalent to approximately HK$329,648,595_Note2_) |
| (7) Term of investment: | The term of investment of the 2024 3rd Hua Xia Wealth Management Product is subject to the redemption time of the subscriber. |
| (8) Expected maximum rate of return: |
The performance will fluctuate with the market and is subject to uncertainty. |
| (9) Investment scope of the product: |
The 2024 3rd Hua Xia Wealth Management Product invests entirely in fixed income financial instruments in the domestic market, including currency market instruments, standardised debt assets and other fixed income financial assets that meet regulatory requirements. |
| (10) Right of early termination: |
During the term of the 2024 3rd Hua Xia Wealth Management Product, if it is necessary to maintain the normal operation of the product and |
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| without prejudice to the interests of investors, or if there are changes in national laws and regulations or regulatory requirements, the Hua Xia Wealth Management has the right to unilaterally amend the product descriptions within the scope permitted by law. Except for the above circumstances, if investors do not accept the adjustment, they should apply for early redemption and complete the relevant procedures within the prescribed period. The Hua Xia Wealth Management is entitled to early termination of the 2024 3rd Hua Xia Wealth Management Product in accordance with market changes or nationalpolicies. |
|
|---|---|
| 2024 4th Hua Xia Wealth Management Agreement | |
| (1) Date of subscription: |
16 April 2024 |
| (2) Name of product: | Hua Xia Wealth Management Fixed Income Pure Bond Daily Open Wealth Management Product No. 7 ( 華夏理財固定收益純債日日開理財產品7 號) |
| (3) Parties: | (i) Hua Xia Wealth Management as the asset manager (ii) Air-conditioner Marketing Company as subscriber |
| (4) Type ofproduct: | Fixed income |
| (5) Risk rating of product: |
Medium-low risk |
| (6) Principal amount of subscription: |
RMB300,000,000 (equivalent to approximately HK$330,742,517_Note3_) |
| (7) Term of investment: | The term of investment of the 2024 4th Hua Xia Wealth Management Product is subject to the redemption time of the subscriber. |
| (8) Expected maximum rate of return: |
The performance will fluctuate with the market and is subject to uncertainty. |
| (9) Investment scope of the product: |
The 2024 4th Hua Xia Wealth Management Product invests entirely in fixed income financial instruments in the domestic market, including currency market instruments, standardised debt assets and other fixed income financial assets that meet regulatory requirements. |
| (10) Right of early termination: |
During the term of the 2024 4th Hua Xia Wealth Management Product, if it is necessary to maintain the normal operation of the product and without prejudice to the interests of investors, or if there are changes in national laws and regulations or regulatory requirements, the Hua Xia Wealth Management has the right to unilaterally amend the product descriptions within the scope permitted by law. Except for the above circumstances, if investors do not accept the adjustment, they should apply for early redemption and complete the relevant procedures within the prescribed period. The Hua Xia Wealth Management is entitled to early termination of the 2024 4th Hua Xia Wealth Management Product in accordance with |
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| market changes or nationalpolicies. | |
|---|---|
| 2024 5th Hua Xia Wealth Management Agreement | |
| (1) Date of subscription: |
15 May 2024 |
| (2) Name of product: | Hua Xia Wealth Management Fixed Income Pure Bond Daily Open Wealth Management Product No. 3 ( 華夏理財固定收益純債型日日開理財產品3 號) |
| (3) Parties: | (i) Hua Xia Wealth Management as the asset manager (ii) Air-conditioner Marketing Company as subscriber |
| (4) Type ofproduct: | Fixed income |
| (5) Risk rating of product: |
Medium-low risk |
| (6) Principal amount of subscription: |
RMB200,000,000 (equivalent to approximately HK$219,888,956_Note4_) |
| (7) Term of investment: | The term of investment of the 2024 5th Hua Xia Wealth Management Product is subject to the redemption time of the subscriber. |
| (8) Expected maximum rate of return: |
The performance will fluctuate with the market and is subject to uncertainty. |
| (9) Investment scope of the product: |
The 2024 5th Hua Xia Wealth Management Product invests entirely in fixed income financial instruments in the domestic market, including currency market instruments, standardised debt assets and other fixed income financial assets that meet regulatory requirements. |
| (10) Right of early termination: |
During the term of the 2024 5th Hua Xia Wealth Management Product, if it is necessary to maintain the normal operation of the product and without prejudice to the interests of investors, or if there are changes in national laws and regulations or regulatory requirements, the Hua Xia Wealth Management has the right to unilaterally amend the product descriptions within the scope permitted by law. Except for the above circumstances, if investors do not accept the adjustment, they should apply for early redemption and complete the relevant procedures within the prescribed period. The Hua Xia Wealth Management is entitled to early termination of the 2024 5th Hua Xia Wealth Management Product in accordance with market changes or national policies. |
| 2024 6th Hua Xia Wealth Management Agreement | |
|---|---|
| (1) Date of subscription: |
9 July 2024 |
| (2) Name of product: | Hua Xia Wealth Management Fixed Income Pure Bond Daily Open Wealth Management Product No. 7 ( 華夏理財固定收益純債日日開理財產品7號) |
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| (3) Parties: | (i) Hua Xia Wealth Management as the asset manager (ii) the Company as subscriber |
|---|---|
| (4) Type ofproduct: | Fixed income |
| (5) Risk rating of product: |
Medium-low risk |
| (6) Principal amount of subscription: |
RMB200,000,000 (equivalent to approximately HK$219,048,454_Note5_) |
| (7) Term of investment: | The term of investment of the 2024 6th Hua Xia Wealth Management Product is subject to the redemption time of the subscriber. |
| (8) Expected maximum rate of return: |
The performance will fluctuate with the market and is subject to uncertainty. |
| (9) Investment scope of the product: |
The 2024 6th Hua Xia Wealth Management Product invests entirely in fixed income financial instruments in the domestic market, including currency market instruments, standardised debt assets and other fixed income financial assets that meet regulatory requirements. |
| (10) Right of early termination: |
During the term of the 2024 6th Hua Xia Wealth Management Product, if it is necessary to maintain the normal operation of the product and without prejudice to the interests of investors, or if there are changes in national laws and regulations or regulatory requirements, the Hua Xia Wealth Management has the right to unilaterally amend the product descriptions within the scope permitted by law. Except for the above circumstances, if investors do not accept the adjustment, they should apply for early redemption and complete the relevant procedures within the prescribed period. The Hua Xia Wealth Management is entitled to early termination of the 2024 6th Hua Xia Wealth Management Product in accordance with market changes or national policies. |
| 2024 7th Hua Xia Wealth Management Agreement | |
| (1) Date of subscription: |
9 July 2024 |
| (2) Name of product: | Hua Xia Wealth Management Fixed Income Pure Bond Minimum Holding 7-Day Wealth Management Product (D) ( 華夏理財固定收益純債最短持有7天理財產品D 款) |
| (3) Parties: | (i) Hua Xia Wealth Management as the asset manager (ii) the Company as subscriber |
| (4) Type ofproduct: | Fixed income |
| (5) Risk rating of product: |
Medium-low risk |
| (6) Principal amount of subscription: |
RMB200,000,000 (equivalent to approximately HK$219,048,454_Note5_) |
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| (7) Term of investment: | The term of investment of the 2024 7th Hua Xia Wealth Management Product is subject to the redemption time of the subscriber. |
|---|---|
| (8) Expected maximum rate of return: |
The performance will fluctuate with the market and is subject to uncertainty. |
| (9) Investment scope of the product: |
The 2024 7th Hua Xia Wealth Management Product invests entirely in fixed income financial instruments in the domestic market, including currency market instruments, standardised debt assets and other fixed income financial assets that meet regulatory requirements. |
| (10) Right of early termination: |
During the term of the 2024 7th Hua Xia Wealth Management Product, if it is necessary to maintain the normal operation of the product and without prejudice to the interests of investors, or if there are changes in national laws and regulations or regulatory requirements, the Hua Xia Wealth Management has the right to unilaterally amend the product descriptions within the scope permitted by law. Except for the above circumstances, if investors do not accept the adjustment, they should apply for early redemption and complete the relevant procedures within the prescribed period. The Hua Xia Wealth Management is entitled to early termination of the 2024 7th Hua Xia Wealth Management Product in accordance with market changes or national policies. |
| 2024 8th Hua Xia Wealth Management Agreement | |
| (1) Date of subscription: |
22 July 2024 |
| (2) Name of product: | Hua Xia Wealth Management Fixed Income Pure Bond Daily Open Wealth Management Product No. 7 ( 華夏理財固定收益純債日日開理財產品7 號) |
| (3) Parties: | (i) Hua Xia Wealth Management as the asset manager (ii) Air-conditioner Marketing Company as subscriber |
| (4) Type ofproduct: | Fixed income |
| (5) Risk rating of product: |
Medium-low risk |
| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$109,489,451_Note6_) |
| (7) Term of investment: | The term of investment of the 2024 8th Hua Xia Wealth Management Product is subject to the redemption time of the subscriber. |
| (8) Expected maximum rate of return: |
The performance will fluctuate with the market and is subject to uncertainty. |
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| (9) Investment scope of the product: |
The 2024 8th Hua Xia Wealth Management Product invests entirely in fixed income financial instruments in the domestic market, including currency market instruments, standardised debt assets and other fixed income financial assets that meet regulatory requirements. |
|---|---|
| (10) Right of early termination: |
During the term of the 2024 8th Hua Xia Wealth Management Product, if it is necessary to maintain the normal operation of the product and without prejudice to the interests of investors, or if there are changes in national laws and regulations or regulatory requirements, the Hua Xia Wealth Management has the right to unilaterally amend the product descriptions within the scope permitted by law. Except for the above circumstances, if investors do not accept the adjustment, they should apply for early redemption and complete the relevant procedures within the prescribed period. The Hua Xia Wealth Management is entitled to early termination of the 2024 8th Hua Xia Wealth Management Product in accordance with market changes or national policies. |
| 2024 9th Hua Xia Wealth Management Agreement | |
| (1) Date of subscription: |
30 July 2024 |
| (2) Name of product: | Hua Xia Wealth Management Fixed Income Pure Bond Daily Open Wealth Management Product No. 7 ( 華夏理財固定收益純債日日開理財產品7 號) |
| (3) Parties: | (i) Hua Xia Wealth Management as the asset manager (ii) The Company as subscriber |
| (4) Type ofproduct: | Fixed income |
| (5) Risk rating of product: |
Medium-low risk |
| (6) Principal amount of subscription: |
RMB430,000,000 (equivalent to approximately HK$470,696,412_Note7_) |
| (7) Term of investment: | The term of investment of the 2024 9th Hua Xia Wealth Management Product is subject to the redemption time of the subscriber. |
| (8) Expected maximum rate of return: |
The performance will fluctuate with the market and is subject to uncertainty. |
| (9) Investment scope of the product: |
The 2024 9th Hua Xia Wealth Management Product invests entirely in fixed income financial instruments in the domestic market, including currency market instruments, standardised debt assets and other fixed income financial assets that meet regulatory requirements. |
| (10) Right of early termination: |
During the term of the 2024 9th Hua Xia Wealth Management Product, if it is necessary to maintain the normal operation of the product and without prejudice to the interests of investors, or if there are changes in national laws and regulations or regulatory requirements, the Hua Xia Wealth Management has the right to unilaterally amend the product |
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| descriptions within the scope permitted by law. Except for the above circumstances, if investors do not accept the adjustment, they should apply for early redemption and complete the relevant procedures within the prescribed period. The Hua Xia Wealth Management is entitled to early termination of the 2024 9th Hua Xia Wealth Management Product in accordance with market changes or nationalpolicies. |
|
|---|---|
| 2024 10th Hua Xia Wealth Management Agreement | |
| (1) Date of subscription: |
13 August 2024 |
| (2) Name of product: | Hua Xia Wealth Management Fixed Income Pure Bond Daily Open Wealth Management Product No. 7 ( 華夏理財固定收益純債日日開理財產品7 號) |
| (3) Parties: | (i) Hua Xia Wealth Management as the asset manager (ii) Refrigerator Marketing Company as subscriber |
| (4) Type ofproduct: | Fixed income |
| (5) Risk rating of product: |
Medium-low risk |
| (6) Principal amount of subscription: |
RMB160,000,000 (equivalent to approximately HK$174,400,227_Note8_) |
| (7) Term of investment: | The term of investment of the 2024 10th Hua Xia Wealth Management Product is subject to the redemption time of the subscriber. |
| (8) Expected maximum rate of return: |
The performance will fluctuate with the market and is subject to uncertainty. |
| (9) Investment scope of the product: |
The 2024 10th Hua Xia Wealth Management Product invests entirely in fixed income financial instruments in the domestic market, including currency market instruments, standardised debt assets and other fixed income financial assets that meet regulatory requirements. |
| (10) Right of early termination: |
During the term of the 2024 10th Hua Xia Wealth Management Product, if it is necessary to maintain the normal operation of the product and without prejudice to the interests of investors, or if there are changes in national laws and regulations or regulatory requirements, the Hua Xia Wealth Management has the right to unilaterally amend the product descriptions within the scope permitted by law. Except for the above circumstances, if investors do not accept the adjustment, they should apply for early redemption and complete the relevant procedures within the prescribed period. The Hua Xia Wealth Management is entitled to early termination of the 2024 10th Hua Xia Wealth Management Product in accordance with market changes or national policies. |
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To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, Hua Xia Wealth Management and its respective ultimate beneficial owner(s) are third parties independent of the Company and its connected persons.
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 the “ Management Measures for Conducting Entrusted Wealth Management Transactions ” ( 《委託理財管理制度》 ) of the Company. The subscriptions of the Hua Xia 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 the 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 Hua Xia Wealth Management Products are on normal commercial terms, fair and reasonable, and in the interests of the Company and the Shareholders as a whole.
IMPLICATION UNDER THE LISTING RULES
Each of the Hua Xia Wealth Management Agreements 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 subscription amounts under the Hua Xia Wealth Management Agreements are aggregated, the relevant applicable percentage ratios (as defined under the Listing Rules) exceed 5% but are below 25%. Therefore, the transactions under the Hua Xia 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 PARTIES
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
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services, technical development, technical consultation, technical transfer, technical promotion; repair of daily-use appliances.
Refrigerator Marketing Company
Refrigerator Marketing Company is a company established in the PRC and a 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.
Hua Xia Wealth Management
Hua Xia Wealth Management Co., Ltd. is a bank financial subsidiary wholly owned by Hua Xia Bank Co., Ltd.*( 華夏銀行股份有限公司 ), a licensed bank incorporated under the laws of the PRC listed on the Shanghai Stock Exchange (Stock code: 600015). The business scope of Hua Xia Wealth Management mainly covers business areas including public issuance of wealth management products for the unspecified social public, investment and management of investor property held; non-public issuance of financial products for qualified investors, investment and management of investor property held; financial advisory and consulting services, etc.
DEFINITIONS
In this announcement, unless the context otherwise requires, the following terms have the meanings set out below:
“2024 3th Hua Xia Wealth Management Agreement”
the wealth management agreement entered into between Airconditioner Marketing Company and Hua Xia Wealth Management on 19 January 2024 in relation to the subscription of the 2024 3th Hua Xia Wealth Management Product;
“2024 4th Hua Xia Wealth Management Agreement”
the wealth management agreement entered into between Airconditioner Marketing Company and Hua Xia Wealth Management on 16 April 2024 in relation to the subscription of the 2024 4th Hua Xia Wealth Management Product;
“2024 5th Hua Xia Wealth Management Agreement”
the wealth management agreement entered into between Airconditioner Marketing Company and Hua Xia Wealth Management on 15 May 2024 in relation to the subscription of the 2024 5th Hua Xia Wealth Management Product;
“2024 6th Hua Xia Wealth Management Agreement”
the wealth management agreement entered into between the Company and Hua Xia Wealth Management on 9 July 2024 in relation to the subscription of the 2024 6th Hua Xia Wealth Management Product;
“2024 7th Hua Xia Wealth Management Agreement”
the wealth management agreement entered into between the Company and Hua Xia Wealth Management on 9 July 2024 in relation to the subscription of the 2024 7th Hua Xia Wealth Management Product;
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“2024 8th Hua Xia Wealth Management Agreement”
“2024 9th Hua Xia Wealth Management Agreement”
“2024 10th Hua Xia Wealth Management Agreement”
“2024 3th Hua Xia Wealth Management Product”
“2024 4th Hua Xia Wealth Management Product”
“2024 5th Hua Xia Wealth Management Product”
“2024 6th Hua Xia Wealth Management Product”
“2024 7th Hua Xia Wealth Management Product”
“2024 8th Hua Xia Wealth Management Product”
“2024 9th Hua Xia Wealth Management Product”
“2024 10th Hua Xia Wealth Management Product”
“Air-conditioner Marketing Company”
the wealth management agreement entered into between Airconditioner Marketing Company and Hua Xia Wealth Management on 22 July 2024 in relation to the subscription of the 2024 8th Hua Xia Wealth Management Product;
the wealth management agreement entered into between the Company and Hua Xia Wealth Management on 30 July 2024 in relation to the subscription of the 2024 9th Hua Xia Wealth Management Product;
the wealth management agreement entered into between Refrigerator Marketing Company and Hua Xia Wealth Management on 13 August 2024 in relation to the subscription of the 2024 10th Hua Xia Wealth Management Product; the wealth management product subscribed under the 2024 3th Hua Xia Wealth Management Agreement, the major terms of which are summarized in this announcement;
the wealth management product subscribed under the 2024 4th Hua Xia Wealth Management Agreement, the major terms of which are summarized in this announcement;
the wealth management product subscribed under the 2024 5th Hua Xia Wealth Management Agreement, the major terms of which are summarized in this announcement;
the wealth management product subscribed under the 2024 6th Hua Xia Wealth Management Agreement, the major terms of which are summarized in this announcement;
the wealth management product subscribed under the 2024 7th Hua Xia Wealth Management Agreement, the major terms of which are summarized in this announcement;
the wealth management product subscribed under the 2024 8th Hua Xia Wealth Management Agreement, the major terms of which are summarized in this announcement;
the wealth management product subscribed under the 2024 9th Hua Xia Wealth Management Agreement, the major terms of which are summarized in this announcement;
the wealth management product subscribed under the 2024 10th Hua Xia Wealth Management Agreement, the major terms of which are summarized in this announcement;
Qingdao Hisense Air-conditioner Marketing Co., Ltd.*(青島海信 空調營銷股份有限公司), a non-wholly owned subsidiary of the Company；
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| “Board” | the board of Directors; |
|---|---|
| “Company” | Hisense Home Appliances Group Co., Ltd., a joint stock limited |
| company incorporated in the PRC with limited liability, 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; |
| “Hua Xia Wealth Management” | a bank financial subsidiary wholly owned by Hua Xia Bank Co., |
| Ltd.*(華夏銀行). Hua Xia Bank Co., Ltd. is a licensed bank | |
| incorporated under the laws of the PRC; | |
| “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 Marketing | Guangdong Hisense Refrigerator Marketing Co., Ltd.* (廣東海信 |
| Company” | 冰箱營銷股份有限公司), a subsidiary of the Company; |
| “RMB” | Renminbi, the lawful currency of the PRC; |
| “Shareholder(s)” | the shareholder(s) of the Company; |
| “%” | per cent; and |
| “*” | for identification purposes only. |
Notes:
1. This amount is an aggregation of the HK$ amounts converted from RMB at the exchange rates that were used in the announcements. The conversions were 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 RMB0.91006 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 RMB0.90705 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.
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4. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.90955 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 RMB0.91304 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 has been converted from RMB into HK$ at an exchange rate of RMB0.91333 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 RMB0.91354 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 RMB0.91743 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 Hisense Home Appliances Group Co., Ltd. Dai Hui Zhong Chairman
Foshan City, Guangdong, the PRC, 13 August 2024
As at the date of this announcement, the Company’s non-independent directors are Mr. Dai Hui Zhong, Mr. Jia Shao Qian, Mr. Yu Zhi Tao, Mr. Hu Jian Yong, Ms. Gao Yu Ling and Mr. Zhu Dan; and the Company’s independent directors are Mr. Li Zhi Gang, Mr. Tsoi Wing Sing and Mr. Xu Guo Jun.
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