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Medlive Technology Co., Ltd. — Capital/Financing Update 2024
Jul 30, 2024
50436_rns_2024-07-30_c80c5bbb-a8f1-4231-a57e-1bf7aae8e00b.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 26 December 2023 to 30 July 2024, the Company and its non-wholly owned subsidiaries, Air-conditioner Marketing Company, Gorenje Company, Qingdao Yiyang Company and Refrigerator Marketing Company, as subscribers entered into the SPDB Wealth Management Agreements to subscribe for the SPDB Wealth Management Products in an aggregate subscription amount of RMB1,846,000,000 (equivalent to approximately HK$2,022,859,549 [Note 1] ).
The Group utilised its idle funds for the payment of the subscription amount under the SPDB Wealth Management Agreements.
Each of the SPDB 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 SPDB 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 SPDB 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
1
management was approved.
Reference is made to the SPDB 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 issuers) during the period from 13 June 2023 to 22 December 2023. Please refer to the announcement published by the Company on the website of Hong Kong Stock Exchange (http://www.hkexnews.hk) on 22 December 2023, for further details.
SUBSCRIPTION OF WEALTH MANAGEMENT PRODUCTS
The Board announces that, during the period from 26 December 2023 to 30 July 2024, the Company and its non-wholly owned subsidiaries, Air-conditioner Marketing Company, Gorenje Company, Qingdao Yiyang Company and Refrigerator Marketing Company, as subscribers entered into the SPDB Wealth Management Agreements to subscribe for the SPDB Wealth Management Products in an aggregate subscription amount of RMB1,846,000,000 (equivalent to approximately HK$2,022,859,549 [Note 1] ). The Group utilised its idle funds for the payment of the subscription amount under the SPDB Bank Wealth Management Agreements.
MAJOR TERMS OF THE WEALTH MANAGEMENT PRODUCTS
Summarised below are the major terms of the SPDB Wealth Management Agreements:
| 2023 27th SPDB Wealth Management Agreement | |
|---|---|
| (1) Date of subscription: |
26 December 2023 |
| (2) Name of product: |
SPDB Wealth Management Weekly Pay Minimum Hold Period No.1 (Corporate Courtesy Type) Wealth Management Product ( 浦銀理財周周鑫最短持有期1 號（公司禮遇款）理財產品) |
| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) Refrigerator Marketing Company as subscriber |
| (4) Type of product: |
Fixed income |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB300,000,000 (equivalent to approximately HK$330,181,930_Note2_) |
| (7) Term of investment: |
The term of investment of the 2023 27th SPDB 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 2023 27th SPDB Wealth Management Product invests in the following assets, including but not limited to: |
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| Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets meet the regulatory requirements. Equity assets: preferred shares of listed banks, 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 indirectly (no share conversion, no secondary market transactions involved). Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
|
|---|---|
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2023 27th SPDB Wealth Management Product. |
2024 1st SPDB Wealth Management Agreement (1) Date of 30 May 2024 subscription: SPDB Wealth Management Weekly Daytime Gold No.1 (Company (2) Name of Exclusive) Wealth Management Product product: ( 浦銀理財日添金 1 號（公司專屬）理財產品 ) (i) SPDB Wealth Management as the asset manager (3) Parties: (ii) Qingdao Yiyang Company as subscriber (4) Type of Fixed income product: (5) Risk rating of Relatively low product: (6) Principal RMB8,000,000 (equivalent to approximately HK$8,789,374 [Note3] ) amount of
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| subscription: | |
|---|---|
| (7) Term of investment: |
The term of investment of the 2024 1st SPDB 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 1st SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets that meet the regulatory requirements. Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 1st SPDB Wealth Management Product. |
| 2024 2nd SPDB Wealth Management Agreement | |
| (1) Date of subscription: |
27 June 2024 |
| (2) Name of product: |
SPDB Wealth Management Weekly Pay Minimum Hold Period No.1 (Corporate Courtesy Type) Wealth Management Product ( 浦銀理財周周鑫最短持有期1 號（公司禮遇款）理財產品) |
| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) the Company as subscriber |
| (4) Type of product: |
Fixed income |
| (5) Risk rating of product: |
Relatively low |
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| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$109,562,626_Note4_) |
|---|---|
| (7) Term of investment: |
The term of investment of the 2024 2nd SPDB 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 2nd SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets meet the regulatory requirements. Equity assets: preferred shares of listed banks, 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 indirectly (no share conversion, no secondary market transactions involved). Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 2nd SPDB Wealth Management Product. |
2024 3rd SPDB Wealth Management Agreement (1) Date of 4 July 2024 subscription: (2) Name of SPDB Wealth Management Weekly Pay Minimum Hold Period No.1 product:
5
| (Corporate Courtesy Type) Wealth Management Product ( 浦銀理財周周鑫最短持有期1 號（公司禮遇款）理財產品) |
|
|---|---|
| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) Refrigerator Marketing Company as subscriber |
| (4) Type of product: |
Fixed income |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$109,541,023_Note5_) |
| (7) Term of investment: |
The term of investment of the 2024 3rd SPDB 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 SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets meet the regulatory requirements. Equity assets: preferred shares of listed banks, 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 indirectly (no share conversion, no secondary market transactions involved). Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
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| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 3rd SPDB Wealth Management Product. |
|---|---|
| 2024 4th SPDB Wealth Management Agreement | |
| (1) Date of subscription: |
9 July 2024 |
| (2) Name of product: |
SPDB Wealth Management Weekly Pay Minimum Hold Period No.1 (Corporate Courtesy Type) Wealth Management Product ( 浦銀理財周周鑫最短持有期1 號（公司禮遇款）理財產品) |
| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) the Company as subscriber |
| (4) Type of product: |
Fixed income |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB270,000,000 (equivalent to approximately HK$295,715,412_Note6_) |
| (7) Term of investment: |
The term of investment of the 2024 4th SPDB 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 SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets meet the regulatory requirements. Equity assets: preferred shares of listed banks, 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 |
7
| indirectly (no share conversion, no secondary market transactions involved). Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
|
|---|---|
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 4th SPDB Wealth Management Product. |
| 2024 5th SPDB Wealth Management Agreement | |
|---|---|
| (1) Date of subscription: |
11 July 2024 |
| (2) Name of product: |
SPDB Wealth Management Weekly Pay Minimum Hold Period No.2 (Corporate Courtesy Type) Wealth Management Product ( 浦銀理財周周鑫最短持有期2號（公司禮遇款）理財產品) |
| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) Air-conditioner Marketing Company as subscriber |
| (4) Type of product: |
Fixed income |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$109,481,060_Note7_) |
| (7) Term of investment: |
The term of investment of the 2024 5th SPDB 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 SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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, pledgedquotation repurchase,overseas |
8
| fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets meet the regulatory requirements. Equity assets: preferred shares of listed banks (no share conversion, no secondary market transactions involved). Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
|
|---|---|
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 5th SPDB Wealth Management Product. |
| 2024 6th SPDB Wealth Management Agreement | |
| (1) Date of subscription: |
16 July 2024 |
| (2) Name of product: |
SPDB Wealth Management Weekly Daytime Gold No.1 (Company Exclusive) Wealth Management Product ( 浦銀理財日添金1 號（公司專屬）理財產品) |
| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) Air-conditioner Marketing Company as subscriber |
| (4) Type of product: |
Fixed income |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB200,000,000 (equivalent to approximately HK$218,895,018_Note8_) |
| (7) Term of investment: |
The term of investment of the 2024 6th SPDB 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 SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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 financinginstruments,asset-backed securities,asset-backed |
9
| notes, project revenue notes, project revenue bonds, small and medium-sized enterprise pooled notes, sustainable bonds, subordinated bonds, convertible bonds, exchangeable bonds, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets that meet the regulatory requirements. Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
|
|---|---|
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 6th SPDB Wealth Management Product. |
| 2024 7th SPDB Wealth Management Agreement | |
|---|---|
| (1) Date of subscription: |
16 July 2024 |
| (2) Name of product: |
SPDB Wealth Management Weekly Daytime Gold No.2 (Company Exclusive) Wealth Management Product ( 浦銀理財日添金2 號（公司專屬）理財產品) |
| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) Air-conditioner Marketing Company as subscriber |
| (4) Type of product: |
Fixed income |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB200,000,000 (equivalent to approximately HK$218,895,018_Note8_) |
| (7) Term of investment: |
The term of investment of the 2024 7th SPDB 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 SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment funds; treasury bonds, local government bonds, central bank bills, interbank certificates of deposit, financial bonds, company bonds, corporate bonds, medium-term notes, short-term financingbills,ultra-short-term financingbills,non-public |
10
| 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, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets that meet the regulatory requirements. Equity assets: preferred shares of listed banks, 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 indirectly. Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
|
|---|---|
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 7th SPDB Wealth Management Product. |
| 2024 8th SPDB Wealth Management Agreement | |
| (1) Date of subscription: |
16 July 2024 |
| (2) Name of product: |
SPDB Wealth Management Weekly Pay Minimum Hold Period No.1 (Corporate Courtesy Type) Wealth Management Product ( 浦銀理財周周鑫最短持有期1 號（公司禮遇款）理財產品) |
| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) Refrigerator Marketing Company as subscriber |
| (4) Type of product: |
Fixed income |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$109,447,509_Note8_) |
| (7) Term of investment: |
The term of investment of the 2024 8th SPDB Wealth Management Product is subject to the redemption time of the subscriber. |
| (8) Expected maximum rate of |
The performance will fluctuate with the market and is subject to uncertainty. |
11
| return: | |
|---|---|
| (9) Investment scope of the product: |
The 2024 8th SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets meet the regulatory requirements. Equity assets: preferred shares of listed banks, 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 indirectly (no share conversion, no secondary market transactions involved). Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 8th SPDB Wealth Management Product. |
| 2024 9th SPDB Wealth Management Agreement | |
|---|---|
| (1) Date of subscription: |
16 July 2024 |
| (2) Name of product: |
SPDB Wealth Management Weekly Daytime Gold No.1 (Company Exclusive) Wealth Management Product ( 浦銀理財日添金1 號（公司專屬）理財產品) |
| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) Refrigerator Marketing Company as subscriber |
| (4) Type of | Fixed income |
12
| product: | |
|---|---|
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$109,447,509_Note8_) |
| (7) Term of investment: |
The term of investment of the 2024 9th SPDB 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 SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets that meet the regulatory requirements. Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 9th SPDB Wealth Management Product. |
| 2024 10th SPDB Wealth Management Agreement | |
| (1) Date of subscription: |
18 July 2024 |
| (2) Name of product: |
SPDB Wealth Management Weekly Daytime Gold No.1 (Company Exclusive) Wealth Management Product ( 浦銀理財日添金1 號（公司專屬）理財產品) |
| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) Gorenje Company as subscriber |
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| (4) Type of product: |
Fixed income |
|---|---|
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB18,000,000 (equivalent to approximately HK$19,711,554_Note9_) |
| (7) Term of investment: |
The term of investment of the 2024 10th SPDB 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 SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets that meet the regulatory requirements. Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 10th SPDB Wealth Management Product. |
| 2024 11th SPDB Wealth Management Agreement | |
| (1) Date of subscription: |
18 July 2024 |
| (2) Name of product: |
SPDB Wealth Management Weekly Pay Minimum Hold Period No.2 (Corporate Courtesy Type) Wealth Management Product ( 浦銀理財周周鑫最短持有期2號（公司禮遇款）理財產品) |
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| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) Refrigerator Marketing Company as subscriber |
|---|---|
| (4) Type of product: |
Fixed income |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB150,000,000 (equivalent to approximately HK$164,262,952_Note9_) |
| (7) Term of investment: |
The term of investment of the 2024 11th SPDB 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 11th SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets meet the regulatory requirements. Equity assets: preferred shares of listed banks (no share conversion, no secondary market transactions involved). Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 11th SPDB Wealth Management Product. |
| 2024 12th SPDB Wealth Management Agreement | |
| (1) Date of subscription: |
30 July 2024 |
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| (2) Name of product: |
SPDB Wealth Management Weekly Pay Minimum Hold Period No.2 (Corporate Courtesy Type) Wealth Management Product ( 浦銀理財周周鑫最短持有期2號（公司禮遇款）理財產品) |
|---|---|
| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) Air-conditioner Marketing Company as subscriber |
| (4) Type of product: |
Fixed income |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$109,464,282_Note10_) |
| (7) Term of investment: |
The term of investment of the 2024 12th SPDB 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 12th SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets meet the regulatory requirements. Equity assets: preferred shares of listed banks (no share conversion, no secondary market transactions involved). Financial derivative assets with hedging strategy: 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 the qualification of derivatives tradingbusiness). |
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 12th SPDB Wealth Management Product. |
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| 2024 13th SPDB Wealth Management Agreement | |
|---|---|
| (1) Date of subscription: |
30 July 2024 |
| (2) Name of product: |
SPDB Wealth Management Weekly Pay Minimum Hold Period No.1 (Corporate Courtesy Type) Wealth Management Product ( 浦銀理財周周鑫最短持有期1號（公司禮遇款）理財產品) |
| (3) Parties: | (i) SPDB Wealth Management as the asset manager (ii) Refrigerator Marketing Company as subscriber |
| (4) Type of product: |
Fixed income |
| (5) Risk rating of product: |
Relatively low |
| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$109,464,282_Note10_) |
| (7) Term of investment: |
The term of investment of the 2024 13th SPDB 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 13th SPDB Wealth Management Product invests in the following assets, including but not limited to: Fixed-income assets: cash, deposits, interbank deposits, repo, currency funds, bond-type securities investment 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, pledged quotation repurchase, overseas fixed-income assets (structured notes, overseas Chinese dollar bonds, etc.) and other fixed-income assets meet the regulatory requirements. Equity assets: preferred shares of listed banks, 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 indirectly (no share conversion, no secondary market transactions involved). Financial derivative assets with hedging strategy: interest rate, credit and other derivative financial instruments,includingbut not limited to treasury |
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| 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 the qualification of derivatives tradingbusiness). |
|
|---|---|
| (10) Right of early termination: |
The SPDB Wealth Management is entitled to early termination of the 2024 13th SPDB Wealth Management Product. |
To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, SPDB 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 “Management Measures for Conducting Entrusted Wealth Management Transactions” ( 《委託理財管理制度》 ) of the Company. The subscriptions of the SPDB 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 SPDB 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 SPDB 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 SPDB 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 SPDB 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.
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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.
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.
Qingdao Yiyang Company
Qingdao Yiyang Company is a company established in the PRC and a non-wholly owned subsidiary of the Company. Its scope of business includes private equity investment fund management, venture capital fund management services (business activities can only be carried out after registration and filing with the China Securities Investment Fund Association). (Except for projects that require approval according to law, business activities can be carried out independently based on the business license.).
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.
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.
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DEFINITIONS
In this announcement, unless the context requires otherwise, the following terms have the meanings set out below:
| “2023 27th SPDB | the wealth management agreement entered into between Refrigerator |
|---|---|
| Wealth Management | Marketing Company and SPDB Wealth Management on 26 December |
| Agreement” | 2023 in relation to the subscription of the 2023 27th SPDB Wealth |
| Management Product; | |
| “2024 1st SPDB | the wealth management agreement entered into between Qingdao |
| Wealth Management | Yiyang Company and SPDB Wealth Management on 30 May 2024 in |
| Agreement” | relation to the subscription of the 2024 1st SPDB Wealth |
| Management Product; | |
| “2024 2nd SPDB | the wealth management agreement entered into between the Company |
| Wealth Management | and SPDB Wealth Management on 27 June 2024 in relation to the |
| Agreement” | subscription of the 2024 2nd SPDB Wealth Management Product; |
| “2024 3rd SPDB | the wealth management agreement entered into between Refrigerator |
| Wealth Management | Marketing Company and SPDB Wealth Management on 4 July 2024 |
| Agreement” | in relation to the subscription of the 2024 3rd SPDB Wealth |
| Management Product; | |
| “2024 4th SPDB | the wealth management agreement entered into between the Company |
| Wealth Management | and SPDB Wealth Management on 9 July 2024 in relation to the |
| Agreement” | subscription of the 2024 4th SPDB Wealth Management Product; |
| “2024 5th SPDB | the wealth management agreement entered into between |
| Wealth Management | Air-conditioner Marketing Company and SPDB Wealth Management |
| Agreement” | on 11 July 2024 in relation to the subscription of the 2024 5th SPDB |
| Wealth Management Product; | |
| “2024 6th SPDB | the wealth management agreement entered into between |
| Wealth Management | Air-conditioner Marketing Company and SPDB Wealth Management |
| Agreement” | on 16 July 2024 in relation to the subscription of the 2024 6th SPDB |
| Wealth Management Product; | |
| “2024 7th SPDB | the wealth management agreement entered into between |
| Wealth Management | Air-conditioner Marketing Company and SPDB Wealth Management |
| Agreement” | on 16 July 2024 in relation to the subscription of the 2024 7th SPDB |
| Wealth Management Product; | |
| “2024 8th SPDB | the wealth management agreement entered into between Refrigerator |
| Wealth Management | Marketing Company and SPDB Wealth Management on 16 July 2024 |
| Agreement” | in relation to the subscription of the 2024 8th SPDB Wealth |
| Management Product; | |
| “2024 9th SPDB | the wealth management agreement entered into between Refrigerator |
| Wealth Management | Marketing Company and SPDB Wealth Management on 16 July 2024 |
| Agreement” | in relation to the subscription of the 2024 9th SPDB Wealth |
| Management Product; |
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“2024 10th SPDB the wealth management agreement entered into between Gorenje Wealth Management Company and SPDB Wealth Management on 18 July 2024 in relation Agreement” to the subscription of the 2024 10th SPDB Wealth Management Product; “2024 11th SPDB the wealth management agreement entered into between Refrigerator Wealth Management Marketing Company and SPDB Wealth Management on 18 July 2024 Agreement” in relation to the subscription of the 2024 11th SPDB Wealth Management Product; “2024 12th SPDB the wealth management agreement entered into between Wealth Management Air-conditioner Marketing Company and SPDB Wealth Management Agreement” on 30 July 2024 in relation to the subscription of the 2024 12th SPDB Wealth Management Product; “2024 13th SPDB the wealth management agreement entered into between Refrigerator Wealth Management Marketing Company and SPDB Wealth Management on 30 July 2024 Agreement” in relation to the subscription of the 2024 13th SPDB Wealth Management Product; “2023 27th SPDB the wealth management product subscribed under the 2023 27th Wealth Management SPDB Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “2024 1st SPDB the wealth management product subscribed under the 2024 1st SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “2024 2nd SPDB the wealth management product subscribed under the 2024 2nd SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “2024 3rd SPDB the wealth management product subscribed under the 2024 3rd SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “2024 4th SPDB the wealth management product subscribed under the 2024 4th SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “2024 5th SPDB the wealth management product subscribed under the 2024 5th SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “2024 6th SPDB the wealth management product subscribed under the 2024 6th SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement; “2024 7th SPDB the wealth management product subscribed under the 2024 7th SPDB Wealth Management Wealth Management Agreement, the major terms of which are Product” summarised in this announcement;
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| “2024 8th SPDB | the wealth management product subscribed under the 2024 8th SPDB |
|---|---|
| Wealth Management | Wealth Management Agreement, the major terms of which are |
| Product” | summarised in this announcement; |
| “2024 9th SPDB | the wealth management product subscribed under the 2024 9th SPDB |
| Wealth Management | Wealth Management Agreement, the major terms of which are |
| Product” | summarised in this announcement; |
| “2024 10th SPDB | the wealth management product subscribed under the 2024 10th |
| Wealth Management | SPDB Wealth Management Agreement, the major terms of which are |
| Product” | summarised in this announcement; |
| “2024 11th SPDB | the wealth management product subscribed under the 2024 11th |
| Wealth Management | SPDB Wealth Management Agreement, the major terms of which are |
| Product” | summarised in this announcement; |
| “2024 12th SPDB | the wealth management product subscribed under the 2024 12th |
| Wealth Management | SPDB Wealth Management Agreement, the major terms of which are |
| Product” | summarised in this announcement; |
| “2024 13th SPDB | the wealth management product subscribed under the 2024 13th |
| Wealth Management | SPDB 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 |
| Marketing Company” | 調營銷股份有限公司), 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; -
“HK$” Hong Kong dollars, the lawful currency of Hong Kong;
-
“Hong Kong Stock The Stock Exchange of Hong Kong Limited;
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Exchange”
“ Listing Rules” the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange; “PRC” the People’s Republic of China; Qingdao Yiyang Qingdao Yiyang Entrepreneurship Investment Management Co., Company Ltd. ( 青島億洋創業投資管理有限公司 ), a non-wholly owned subsidiary of the Company; “ Refrigerator Guangdong Hisense Refrigerator Marketing Co., Ltd.( 廣東海信冰 Marketing Company” 箱營銷股份有限公司 ), 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 a bank financial subsidiary wholly owned by Shanghai Pudong Management” Development Bank Co., Ltd. ( 上海浦東發展銀行股份有限公司 ); “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 RMB0.90859 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 RMB0.91019 to HK$1 for the
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purpose of illustration only. No representation is made that any amount in HK$ 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 RMB0.91272 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 RMB0.9129 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 RMB0.91304 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.
7. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.9134 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 RMB0.91368 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 RMB0.91317 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 RMB0.91354 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.
By order of the Board of Hisense Home Appliances Group Co., Ltd. Dai Hui Zhong Chairman
Foshan City, Guangdong, the PRC, 30 July 2024
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, Ms. Gao Yu Ling and Mr. Zhu Dan; and the Company’s independent non-executive directors are Mr. Cheung Sai Kit, Mr. Li Zhi Gang and Mr. Tsoi Wing Sing.
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