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Medlive Technology Co., Ltd. — Capital/Financing Update 2024
Mar 14, 2024
50436_rns_2024-03-14_442392de-044b-480e-b26b-0e7964995b66.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 2023 held by the eleventh session of the Directors on 30 March 2023 and the 2022 annual general meeting of the Company held on 29 June 2023, 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 selfowned funds of not more than RMB14,000,000,000 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 Alltrust Insurance Wealth Management Agreements in relation to subscription of wealth management products by the Company and its subsidiaries (as subscribers) from Alltrust Insurance (as issuers), further particulars of which are listed out in the section headed “List of Alltrust Insurance Wealth Management Agreements” in this announcement.
The Board is pleased to announce that, during the period from 30 August 2023 to 14 March 2024, the Company and its non-wholly owned subsidiaries, Air-conditioner Marketing Company, Gorenje Company, Hisense Mould Company, Kelon Mould Company, Refrigerator Marketing Company and Ronshen Plastic Company as subscribers entered into the Alltrust Insurance Wealth Management Agreements to subscribe for the Alltrust Insurance Wealth Management Products in an aggregate subscription amount of RMB1,930,000,000 (equivalent to approximately HK$ 2,113,269,159 [Note1] ).
The Group utilised its idle funds for the payment of the subscription amount under each of the Alltrust Insurance Wealth Management Agreements.
Each of the Alltrust Insurance 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 Alltrust Insurance Wealth Management Agreements are aggregated, the relevant applicable percentage ratios (as defined under the Listing Rules) of the transactions under the Alltrust Insurance Wealth Management Agreements exceed 5% but are lower than 25%. Therefore, the transactions under the Alltrust Insurance Wealth Management Agreements, on an aggregate basis, constitute discloseable transactions of the Company and are subject to the reporting and announcement requirements under
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the Listing Rules.
At the first meeting for the year 2023 held by the eleventh session of the Directors on 30 March 2023 and the 2022 annual general meeting of the Company held on 29 June 2023, 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 RMB14,000,000,000 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 Alltrust Insurance Wealth Management Agreements in relation to subscription of wealth management products by the Company and its subsidiaries (as subscribers) from Alltrust Insurance (as issuers), further particulars of which are listed out in the section headed “List of Alltrust Insurance Wealth Management Agreements” in this announcement.
The Board is pleased to announce that, during the period from 30 August 2023 to 14 March 2024, the Company and its non-wholly owned subsidiaries, Air-conditioner Marketing Company, Gorenje Company, Hisense Mould Company, Kelon Mould Company, Refrigerator Marketing Company and Ronshen Plastic Company as subscribers entered into the Alltrust Insurance Wealth Management Agreements to subscribe for the Alltrust Insurance Wealth Management Products in an aggregate subscription amount of RMB1,930,000,000 (equivalent to approximately HK$ 2,113,269,159 [Note1] ).
The Group utilised its idle funds for the payment of the subscription amount under each of the Alltrust Insurance Wealth Management Agreements. Summarised below are the major terms of the Alltrust Insurance Wealth Management Agreements:
| 2023 17th Alltrust Insurance Wealth Management Agreement | |
|---|---|
| (1) Date of subscription: |
30 August 2023 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxin No.1 Asset Management Product (永誠資產永盈安馨1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Hisense Mould Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Medium to low risk |
| (6) Principal amount of subscription: |
RMB10,000,000 (equivalent to approximately HK$10,926,215_Note2_) |
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| (7) Currency of subscription: |
Renminbi |
|---|---|
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2023 17th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2023 17th Alltrust Insurance Wealth Management Product invests in debt assets. Debt assets mainly include cash, money market funds, currency market insurance asset management products, bank deposits, bond reverse repurchases, large-denomination certificates of deposit, interbank certificates of deposit, bond public investment funds, fixed income insurance asset management products, credit asset-backed securities, asset-backed securities listed on the stock exchange, publicly issued government bonds, quasi government bonds, financial enterprise (corporate) bonds, non-financial enterprise (corporate) bonds, and other debt assets permitted under the laws and regulations or by regulatory institutions. The 2023 17th Alltrust Insurance Wealth Management Product also invests in positive repurchase of bonds. |
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2023 17th Alltrust Insurance Wealth Management Product. |
| 2023 18th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
19 September 2023 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxin No.1 Asset Management Product (永誠資產永盈安馨1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Refrigerator Marketing Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
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| (5) Risk rating of product: |
Medium to low risk |
|---|---|
| (6) Principal amount of subscription: |
RMB300,000,000 (equivalent to approximately HK$326,875,722_Note3_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2023 18th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2023 18th Alltrust Insurance Wealth Management Product invests in debt assets. Debt assets mainly include cash, money market funds, currency market insurance asset management products, bank deposits, bond reverse repurchases, large-denomination certificates of deposit, interbank certificates of deposit, bond public investment funds, fixed income insurance asset management products, credit asset-backed securities, asset-backed securities listed on the stock exchange, publicly issued government bonds, quasi government bonds, financial enterprise (corporate) bonds, non-financial enterprise (corporate) bonds, and other debt assets permitted under the laws and regulations or by regulatory institutions. The 2023 18th Alltrust Insurance Wealth Management Product also invests in positive repurchase of bonds. |
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2023 18th Alltrust Insurance Wealth Management Product. |
| 2023 19th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
19 September 2023 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxin No.1 Asset Management Product (永誠資產永盈安馨1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) the Company as the subscriber |
| To the best of the Directors’knowledge, information and belief having |
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| made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
|---|---|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Medium to low risk |
| (6) Principal amount of subscription: |
RMB400,000,000 (equivalent to approximately HK$435,834,296_Note3_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2023 19th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2023 19th Alltrust Insurance Wealth Management Product invests in debt assets. Debt assets mainly include cash, money market funds, currency market insurance asset management products, bank deposits, bond reverse repurchases, large-denomination certificates of deposit, interbank certificates of deposit, bond public investment funds, fixed income insurance asset management products, credit asset-backed securities, asset-backed securities listed on the stock exchange, publicly issued government bonds, quasi government bonds, financial enterprise (corporate) bonds, non-financial enterprise (corporate) bonds, and other debt assets permitted under the laws and regulations or by regulatory institutions. The 2023 19th Alltrust Insurance Wealth Management Product also invests in positive repurchase of bonds. |
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2023 19th Alltrust Insurance Wealth Management Product. |
| 2023 20th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
20 September 2023 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxin No.1 Asset Management |
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| Product (永誠資產永盈安馨1號資產管理產品) | |
|---|---|
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) the Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Medium to low risk |
| (6) Principal amount of subscription: |
RMB40,000,000 (equivalent to approximately HK$43,613,367_Note4_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2023 20th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2023 20th Alltrust Insurance Wealth Management Product invests in debt assets. Debt assets mainly include cash, money market funds, currency market insurance asset management products, bank deposits, bond reverse repurchases, large-denomination certificates of deposit, interbank certificates of deposit, bond public investment funds, fixed income insurance asset management products, credit asset-backed securities, asset-backed securities listed on the stock exchange, publicly issued government bonds, quasi government bonds, financial enterprise (corporate) bonds, non-financial enterprise (corporate) bonds, and other debt assets permitted under the laws and regulations or by regulatory institutions. The 2023 20th Alltrust Insurance Wealth Management Product also invests in positive repurchase of bonds. |
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2023 20th Alltrust Insurance Wealth Management Product. |
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| 2023 21st Alltrust Insurance Wealth Management Agreement | |
|---|---|
| (1) Date of subscription: |
21 September 2023 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxin No.1 Asset Management Product (永誠資產永盈安馨1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Gorenje Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Medium to low risk |
| (6) Principal amount of subscription: |
RMB20,000,000 (equivalent to approximately HK$21,811,916_Note5_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2023 21st Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2023 21st Alltrust Insurance Wealth Management Product invests in debt assets. Debt assets mainly include cash, money market funds, currency market insurance asset management products, bank deposits, bond reverse repurchases, large-denomination certificates of deposit, interbank certificates of deposit, bond public investment funds, fixed income insurance asset management products, credit asset-backed securities, asset-backed securities listed on the stock exchange, publicly issued government bonds, quasi government bonds, financial enterprise (corporate) bonds, non-financial enterprise (corporate) bonds, and other debt assets permitted under the laws and regulations or by regulatory institutions. The 2023 21st Alltrust Insurance Wealth Management Product also invests in positive repurchase of bonds. |
| (11) Payment of return on principal |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
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| upon maturity: | |
|---|---|
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2023 21st Alltrust Insurance Wealth Management Product. |
| 2023 22nd Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
21 September 2023 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxin No.1 Asset Management Product (永誠資產永盈安馨1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Kelon Mould Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Medium to low risk |
| (6) Principal amount of subscription: |
RMB70,000,000 (equivalent to approximately HK$76,341,705_Note5_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2023 22nd Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2023 22nd Alltrust Insurance Wealth Management Product invests in debt assets. Debt assets mainly include cash, money market funds, currency market insurance asset management products, bank deposits, bond reverse repurchases, large-denomination certificates of deposit, interbank certificates of deposit, bond public investment funds, fixed income insurance asset management products, credit asset-backed securities, asset-backed securities listed on the stock exchange, publicly issued government bonds, quasi government bonds, financial enterprise (corporate) bonds, non-financial enterprise (corporate) bonds, and other debt assets permitted under the laws and regulations or by regulatory institutions. |
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| The 2023 22nd Alltrust Insurance Wealth Management Product also invests in positive repurchase of bonds. |
|
|---|---|
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2023 22nd Alltrust Insurance Wealth Management Product. |
| 2023 23rd Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
25 October 2023 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Gorenje Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB5,000,000 (equivalent to approximately HK$5,449,176 Note6) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2023 23rd Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2023 23rd Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the |
9
| laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
|
|---|---|
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2023 23rd Alltrust Insurance Wealth Management Product. |
| 2023 24th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
30 October 2023 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Hisense Mould Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB30,000,000 (equivalent to approximately HK$32,690,778_Note7_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2023 24th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2023 24th Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank |
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| certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
|
|---|---|
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2023 24th Alltrust Insurance Wealth Management Product. |
| 2023 25th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
9 November 2023 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Kelon Mould Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB70,000,000 (equivalent to approximately HK$76,223,662_Note8_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2023 25th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
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| (10) Investment scope of the product: |
The 2023 25th Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
|---|---|
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2023 25th Alltrust Insurance Wealth Management Product. |
| 2023 26th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
9 November 2023 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Ronshen Plastic Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB70,000,000 (equivalent to approximately HK$76,223,662_Note8_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2023 26th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
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| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
|---|---|
| (10) Investment scope of the product: |
The 2023 26th Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2023 26th Alltrust Insurance Wealth Management Product. |
| 2024 1st Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
23 January 2024 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Refrigerator Marketing Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB150,000,000 (equivalent to approximately HK$164,894,962_Note9_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of | The subscription and redemption hours are from 9:30 to 11:30 and from |
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| investment: | 13:00 to 15:00 on each Trading Day. The term of investment of the 2024 1st Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
|---|---|
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2024 1st Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2024 1st Alltrust Insurance Wealth Management Product. |
| 2024 2nd Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
25 January 2024 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Gorenje Marketing Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB15,000,000 (equivalent to approximately HK$16,507,825_Note10_) |
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| (7) Currency of subscription: |
Renminbi |
|---|---|
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2024 2nd Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2024 2nd Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2024 2nd Alltrust Insurance Wealth Management Product. |
| 2024 3rd Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
30 January 2024 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Refrigerator Marketing Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of | Low risk |
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| product: | |
|---|---|
| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$109,950,522_Note11_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2024 3rd Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2024 3rd Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2024 3rd Alltrust Insurance Wealth Management Product. |
| 2024 4th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
1 February 2024 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Air-conditioner Marketing as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third |
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| parties independent of the Company and its connected persons. | |
|---|---|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$110,036,422_Note12_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2024 4th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2024 4th Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2024 4th Alltrust Insurance Wealth Management Product. |
| 2024 5th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
21 February 2024 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian |
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| (iii) Air-conditioner Marketing Company as the subscriber | |
|---|---|
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB150,000,000 (equivalent to approximately HK$165,150,948_Note13_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2024 5th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2024 5th Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2024 5th Alltrust Insurance Wealth Management Product. |
| 2024 6th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
1 March 2024 |
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| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
|---|---|
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Refrigerator Marketing Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$110,166,131_Note14_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2024 6th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2024 6th Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2024 6th Alltrust Insurance Wealth Management Product. |
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| 2024 7th Alltrust Insurance Wealth Management Agreement | |
|---|---|
| (1) Date of subscription: |
1 March 2024 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Hisense Mould Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB10,000,000 (equivalent to approximately HK$11,016,613_Note14_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2024 7th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2024 7th Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early | AlltrustInsuranceis entitled to early terminationofthe20247th Alltrust |
20
| termination: | Insurance Wealth Management Product. |
|---|---|
| 2024 8th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
4 March 2024 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Air-conditioner Marketing Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$110,223,202_Note15_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2024 8th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2024 8th Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
| (11) Payment of | The principal and return will be transferred to the subscriber’s account |
21
| return on principal upon maturity: |
within three Trading Days after submission of the redemption request. |
|---|---|
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2024 8th Alltrust Insurance Wealth Management Product. |
| 2024 9th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
5 March 2024 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) the Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB80,000,000 (equivalent to approximately HK$88,141,644_Note16_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2024 9th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2024 9th Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- |
22
| income assets permitted under the laws and regulations or by regulatory institutions. |
|
|---|---|
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2024 9th Alltrust Insurance Wealth Management Product. |
| 2024 10th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
7 March 2024 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Refrigerator Marketing Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB100,000,000 (equivalent to approximately HK$110,169,772_Note17_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2024 10th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
| (10) Investment scope of the product: |
The 2024 10th Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, |
23
| reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
|
|---|---|
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2024 10th Alltrust Insurance Wealth Management Product. |
| 2024 11th Alltrust Insurance Wealth Management Agreement | |
| (1) Date of subscription: |
14 March 2024 |
| (2) Name of product: | Alltrust Insurance Asset Yongying Anxiang No.1 Asset Management Product (永誠資產永盈安享1號資產管理產品) |
| (3) Parties: | (i) Alltrust Insurance as the asset manager (ii) Bank of Ningbo as the custodian (iii) Ronshen Plastic Company as the subscriber |
| To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, each of Alltrust Insurance and Bank of Ningbo and their respectively ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. |
|
| (4) Type of product: | Fixed-income insurance asset management products |
| (5) Risk rating of product: |
Low risk |
| (6) Principal amount of subscription: |
RMB10,000,000 (equivalent to approximately HK$11,020,620_Note18_) |
| (7) Currency of subscription: |
Renminbi |
| (8) Term of investment: |
The subscription and redemption hours are from 9:30 to 11:30 and from 13:00 to 15:00 on each Trading Day. The term of investment of the 2024 11th Alltrust Insurance Wealth Management Product is subject to the redemption time of the subscriber. |
| (9) Expected rate of return: |
The basis of performance comparison is the central bank’s one-year deposit rate (before tax) |
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| (10) Investment scope of the product: |
The 2024 11th Alltrust Insurance Wealth Management Product invests in liquid assets and fixed-income assets. Liquid assets mainly include cash, money market funds, large-denomination certificates of deposit, interbank certificates of deposit, bank deposits (maturing in one or less than one year), central bank bills, government bonds, quasi-government bonds, reverse repurchase agreements, and other liquid assets permitted under the laws and regulations or by regulatory institutions. Fixed-income assets include bond funds, bank deposits (maturing in more than one year), government bonds, quasi-government bonds, financial bonds, corporate bonds, medium-term notes, short-term commercial paper, and other fixed- income assets permitted under the laws and regulations or by regulatory institutions. |
|---|---|
| (11) Payment of return on principal upon maturity: |
The principal and return will be transferred to the subscriber’s account within three Trading Days after submission of the redemption request. |
| (12) Right of early termination: |
Alltrust Insurance is entitled to early termination of the 2024 11th Alltrust Insurance 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 Alltrust Insurance 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 Alltrust Insurance Wealth Management Products are on normal commercial terms, fair and reasonable, and in the interests of the Company and Shareholders as a whole.
IMPLICATION UNDER THE LISTING RULES
Each of the Alltrust Insurance 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 Alltrust Insurance Wealth Management Agreements are aggregated, the relevant applicable percentage ratios (as defined under the Listing Rules) of the transactions under the Alltrust Insurance Wealth Management Agreements exceed 5% but are lower than 25%. Therefore, the transactions under the Alltrust Insurance 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 ON THE COMPANY, AIR-CONDITIONER MARKETING COMPANY, GORENJE COMPANY, HISENSE MOULD COMPANY, KELON MOULD COMPANY,
25
REFRIGERATOR MARKETING COMPANY, RONSHEN PLASTIC COMPANY, ALLTRUST INSURANCE AND BANK OF NINGBO
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, which is principally engaged in the sales of refrigeration and airconditioning 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.
Hisense Mould Company
Hisense Mould Company is a company established in the PRC and a non-wholly owned subsidiary of the Company. It is principally engaged in mould design and manufacturing; machining; design and manufacturing of tooling and fixtures; wholesale, retail, “four generations”: mould materials, standard parts, spare parts, measuring tools, CAD/CAM system supplies, office automation and its consumable materials; plastic injection moulding, plastic spray processing; development, design, sales and system integration of intelligent instruments and meters, opto-mechatronics equipment; import and export of self-managed goods and technologies.
Kelon Mould Company
Kelon Mould Company is a company established in the PRC and a non-wholly owned subsidiary of the Company. It is principally engaged in the production and operation of molds, hardware and plastic parts (excluding waste plastic).
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.
Ronshen Plastic Company
Ronshen Plastic Company is a company established in the PRC and a non-wholly owned subsidiary
26
of the Company. It is principally engaged in the production of plastic products, plastic materials (excluding waste plastic), mould wholesale and retail and import and export business.
Alltrust Insurance
Alltrust Insurance is a company established in the PRC and a wholly-owned subsidiary of Alltrust Insurance Company Limited (永誠財產保險股份有限公司) (“ Alltrust Insurance Company ”), which is principally engaged in the business of insurance asset management products. Alltrust Insurance Company is a company established in the PRC and is listed on the National Equities Exchange and Quotations (NEEQ: 834223). According to the 2023 semi-annual report of Alltrust Insurance Company, as at 30 June 2023, Huaneng Capital Services Company Limited (華能資本服 務有限公司) (“ Huaneng Capital* ”) was the largest shareholder of Alltrust Insurance Company. Huaneng Capital is 61.2245% held by China Huaneng Group Co., Ltd. (中國華能集團有限公司) which is a state-owned company.
Bank of Ningbo
Bank of Ningbo is a licensed bank incorporated under the laws of the PRC listed on The Shenzhen Stock Exchange (Stock code: 002142). The business scope of Bank of Ningbo includes but is not limited to absorbing public deposits, issuing short-term, medium-term and long-term loans, handling domestic settlements, handling bill discount, issuing financial bonds, etc.
LIST OF ALLTRUST INSURANCE WEALTH MANAGEMENT AGREEMENTS
| Name of agreement | Date of agreement / announcement |
Subscriber | Wealth management products subscribed |
|---|---|---|---|
| 2022 1st Alltrust Insurance Wealth Management Agreement |
22 June 2022 (agreement) / 27 September 2022 (announcement) |
Gorenje Company |
2022 1st Alltrust Insurance Wealth Management Product |
| 2022 5th Alltrust Insurance Wealth Management Agreement |
28 September 2022 (agreement)/ 28 September 2022 (announcement) |
Refrigerator Marketing Company |
2022 5th Alltrust Insurance Wealth Management Product |
| 2022 6th Alltrust Insurance Wealth Management Agreement |
28 September 2022 (agreement)/ 28 September 2022 (announcement) |
Refrigerator Marketing Company |
2022 6th Alltrust Insurance Wealth Management Product |
| 2022 7th Alltrust Insurance Wealth Management Agreement |
28 September 2022 (agreement)/ 28 September 2022 (announcement) |
Gorenje Company |
2022 7th Alltrust Insurance Wealth Management Product |
| 2022 8th Alltrust | 28 September 2022 (agreement)/ 28 September 2022 |
Hisense Mould |
2022 8th Alltrust |
27
| Insurance Wealth Management Agreement |
(announcement) | Company | Insurance Wealth Management Product |
|---|---|---|---|
| 2022 9th Alltrust Insurance Wealth Management Agreement |
28 September 2022 (agreement)/ 28 September 2022 (announcement) |
Kelon Mould Company |
2022 9th Alltrust Insurance Wealth Management Product |
| 2022 10th Alltrust Insurance Wealth Management Agreement |
28 September 2022 (agreement)/ 28 September 2022 (announcement) |
Ronshen Plastic Company |
2022 10th Alltrust Insurance Wealth Management Product |
| 2022 13th Alltrust Insurance Wealth Management Agreement |
16 November 2022 (agreement)/ 13 January 2023 (announcement) |
Refrigerator Marketing Company |
2022 13th Alltrust Insurance Wealth Management Product |
| 2022 14th Alltrust Insurance Wealth Management Agreement |
16 November 2022 (agreement)/ 13 January 2023 (announcement) |
Hisense Mould Company |
2022 14th Alltrust Insurance Wealth Management Product |
| 2022 16th Alltrust Insurance Wealth Management Agreement |
16 November 2022 (agreement)/ 13 January 2023 (announcement) |
Ronshen Plastic Company |
2022 16th Alltrust Insurance Wealth Management Product |
| 2022 17th Alltrust Insurance Wealth Management Agreement |
14 December 2022 (agreement)/ 13 January 2023 (announcement) |
Kelon Mould Company |
2022 17th Alltrust Insurance Wealth Management Product |
| 2022 18th Alltrust Insurance Wealth Management Agreement |
14 December 2022 (agreement)/ 13 January 2023 (announcement) |
Ronshen Plastic Company |
2022 18th Alltrust Insurance Wealth Management Product |
| 2022 19th Alltrust Insurance Wealth Management Agreement |
15 December 2022 (agreement)/ 13 January 2023 (announcement) |
Refrigerator Marketing Company |
2022 19th Alltrust Insurance Wealth Management Product |
| 2022 20th Alltrust Insurance Wealth Management Agreement |
21 December 2022 (agreement)/ 13 January 2023 (announcement) |
Refrigerator Marketing Company |
2022 20th Alltrust Insurance Wealth Management Product |
| 2023 1st Alltrust Insurance Wealth |
13 January 2023 (agreement)/ 13 January 2023 |
Refrigerator Marketing |
2023 1st Alltrust Insurance Wealth |
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| Management Agreement |
(announcement) | Company | Management Product |
|---|---|---|---|
| 2023 2nd Alltrust Insurance Wealth Management Agreement |
16 January 2023 (agreement)/ 16 August 2023 (announcement) |
Air-conditioner Marketing Company |
2023 2nd Alltrust Insurance Wealth Management Product |
| 2023 3rd Alltrust Insurance Wealth Management Agreement |
10 February 2023 (agreement)/ 16 August 2023 (announcement) |
Refrigerator Marketing Company |
2023 3rd Alltrust Insurance Wealth Management Product |
| 2023 4th Alltrust Insurance Wealth Management Agreement |
10 February 2023 (agreement)/ 16 August 2023 (announcement) |
Hisense Mould Company |
2023 4th Alltrust Insurance Wealth Management Product |
| 2023 5th Alltrust Insurance Wealth Management Agreement |
27 February 2023 (agreement)/ 16 August 2023 (announcement) |
Refrigerator Marketing Company |
2023 5th Alltrust Insurance Wealth Management Product |
| 2023 6th Alltrust Insurance Wealth Management Agreement |
13 March 2023 (agreement)/ 16 August 2023 (announcement) |
Refrigerator Marketing Company |
2023 6th Alltrust Insurance Wealth Management Product |
| 2023 7th Alltrust Insurance Wealth Management Agreement |
13 March 2023 (agreement)/ 16 August 2023 (announcement) |
Air-conditioner Marketing Company |
2023 7th Alltrust Insurance Wealth Management Product |
| 2023 8th Alltrust Insurance Wealth Management Agreement |
4 April 2023 (agreement)/ 16 August 2023 (announcement) |
Air-conditioner Marketing Company |
2023 8th Alltrust Insurance Wealth Management Product |
| 2023 9th Alltrust Insurance Wealth Management Agreement |
6 April 2023 (agreement)/ 16 August 2023 (announcement) |
Air-conditioner Marketing Company |
2023 9th Alltrust Insurance Wealth Management Product |
| 2023 10th Alltrust Insurance Wealth Management Agreement |
13 April 2023 (agreement)/ 16 August 2023 (announcement) |
Refrigerator Marketing Company |
2023 10th Alltrust Insurance Wealth Management Product |
| 2023 11th Alltrust Insurance Wealth Management |
19 April 2023 (agreement)/ 16 August 2023 (announcement) |
the Company | 2023 11th Alltrust Insurance Wealth Management |
29
| Agreement | Product | ||
|---|---|---|---|
| 2023 12th Alltrust Insurance Wealth Management Agreement |
18 May 2023 (agreement)/ 16 August 2023 (announcement) |
Refrigerator Marketing Company |
2023 12th Alltrust Insurance Wealth Management Product |
| 2023 13th Alltrust Insurance Wealth Management Agreement |
30 May 2023 (agreement)/ 16 August 2023 (announcement) |
Gorenje Company |
2023 13th Alltrust Insurance Wealth Management Product |
| 2023 14th Alltrust Insurance Wealth Management Agreement |
21 July 2023 (agreement)/ 16 August 2023 (announcement) |
Gorenje Company |
2023 14th Alltrust Insurance Wealth Management Product |
| 2023 15th Alltrust Insurance Wealth Management Agreement |
3 August 2023 (agreement)/ 16 August 2023 (announcement) |
Hisense Mould Company |
2023 15th Alltrust Insurance Wealth Management Product |
| 2023 16th Alltrust Insurance Wealth Management Agreement |
16 August 2023 (agreement)/ 16 August 2023 (announcement) |
Refrigerator Marketing Company |
2023 16th Alltrust Insurance Wealth Management Product |
The aggregate subscription amount of the Alltrust Insurance Wealth Management Products above (excluding the 2023 17th Alltrust Insurance Wealth Management Product to the 2023 26th Alltrust Insurance Wealth Management Product, the 2024 1st Alltrust Insurance Wealth Management Product to the 2024 11th Alltrust Insurance Wealth Management Product) is RMB4,119,000,000 (equivalent to approximately HK$4,622,506,991 [Note1] ).
DEFINITIONS
In this announcement, unless the context otherwise requires, the following terms have the meanings set out below:
“2023 17th Alltrust Insurance the wealth management agreement entered into between Hisense Wealth Management Mould Company and Alltrust Insurance on 30 August 2023 in Agreement” relation to the subscription of the 2023 17th Alltrust Insurance Wealth Management Product; “2023 18th Alltrust Insurance the wealth management agreement entered into between Wealth Management Refrigerator Marketing Company and Alltrust Insurance on 19 Agreement” September 2023 in relation to the subscription of the 2023 18th Alltrust Insurance Wealth Management Product; “2023 19th Alltrust Insurance the wealth management agreement entered into between the Wealth Management Company and Alltrust Insurance on 19 September 2023 in relation to the subscription of the 2023 19th Alltrust Insurance Wealth
30
Agreement” Management Product; “2023 20th Alltrust Insurance the wealth management agreement entered into between the Wealth Management Company and Alltrust Insurance on 20 September 2023 in relation Agreement” to the subscription of the 2023 20th Alltrust Insurance Wealth Management Product;
“2023 21st Alltrust Insurance the wealth management agreement entered into between Wealth Management Refrigerator Marketing Company and Alltrust Insurance on 21 Agreement” September 2023 in relation to the subscription of the 2023 21st Alltrust Insurance Wealth Management Product;
“2023 22nd Alltrust Insurance Wealth Management Agreement”
the wealth management agreement entered into between Kelon Mould Company and Alltrust Insurance on 21 September 2023 in relation to the subscription of the 2023 22nd Alltrust Insurance Wealth Management Product;
“2023 23rd Alltrust Insurance the wealth management agreement entered into between Gorenje Wealth Management Company and Alltrust Insurance on 25 October 2023 in relation to Agreement” the subscription of the 2023 23rd Alltrust Insurance Wealth Management Product; “2023 24th Alltrust Insurance the wealth management agreement entered into between Hisense Wealth Management Mould Company and Alltrust Insurance on 30 October 2023 in Agreement” relation to the subscription of the 2023 24th Alltrust Insurance Wealth Management Product;
“2023 25th Alltrust Insurance the wealth management agreement entered into between Kelon Wealth Management Mould Company and Alltrust Insurance on 9 November 2023 in Agreement” relation to the subscription of the 2023 25th Alltrust Insurance Wealth Management Product;
“2023 26th Alltrust Insurance the wealth management agreement entered into between Ronshen Wealth Management Plastic Company and Alltrust Insurance on 9 November 2023 in Agreement” relation to the subscription of the 2023 26th Alltrust Insurance Wealth Management Product; “2024 1st Alltrust Insurance the wealth management agreement entered into between Wealth Management Refrigerator Marketing Company and Alltrust Insurance on 23 Agreement” January 2023 in relation to the subscription of the 2024 1st Alltrust Insurance Wealth Management Product;
“2024 2nd Alltrust Insurance the wealth management agreement entered into between Gorenje Wealth Management Company and Alltrust Insurance on 25 January 2024 in relation to Agreement” the subscription of the 2024 2nd Alltrust Insurance Wealth Management Product;
“2024 3rd Alltrust Insurance the wealth management agreement entered into between Wealth Management Refrigerator Marketing Company and Alltrust Insurance on 30 Agreement” January 2024 in relation to the subscription of the 2024 3rd Alltrust Insurance Wealth Management Product;
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“2024 4th Alltrust Insurance the wealth management agreement entered into between AirWealth Management conditioner Marketing Company and Alltrust Insurance on 1 Agreement” February 2024 in relation to the subscription of the 2024 4th Alltrust Insurance Wealth Management Product;
“2024 5th Alltrust Insurance Wealth Management Agreement”
the wealth management agreement entered into between Airconditioner Marketing Company and Alltrust Insurance on 21 February 2024 in relation to the subscription of the 2024 5th Alltrust Insurance Wealth Management Product;
“2024 6th Alltrust Insurance Wealth Management Agreement”
the wealth management agreement entered into between Refrigerator Marketing Company and Alltrust Insurance on 1 March 2024 in relation to the subscription of the 2024 6th Alltrust Insurance Wealth Management Product;
“2024 7th Alltrust Insurance Wealth Management Agreement”
the wealth management agreement entered into between Hisense Mould Company and Alltrust Insurance on 1 March 2024 in relation to the subscription of the 2024 7th Alltrust Insurance Wealth Management Product;
“2024 8th Alltrust Insurance Wealth Management Agreement”
the wealth management agreement entered into between Airconditioner Marketing Company and Alltrust Insurance on 4 March 2024 in relation to the subscription of the 2024 8th Alltrust Insurance Wealth Management Product;
“2024 9th Alltrust Insurance Wealth Management Agreement”
the wealth management agreement entered into between the Company and Alltrust Insurance on 5 March 2024 in relation to the subscription of the 2024 9th Alltrust Insurance Wealth Management Product;
“2024 10th Alltrust Insurance the wealth management agreement entered into between Wealth Management Refrigerator Marketing Company and Alltrust Insurance on 7 Agreement” March 2024 in relation to the subscription of the 2024 10th Alltrust Insurance Wealth Management Product;
“2024 11th Alltrust Insurance the wealth management agreement entered into between Ronshen Wealth Management Plastic Company and Alltrust Insurance on 14 March 2024 in Agreement” relation to the subscription of the 2024 11th Alltrust Insurance Wealth Management Product;
“2023 17th Alltrust Insurance the wealth management product subscribed under the 2023 17th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement;
“2023 18th Alltrust Insurance the wealth management product subscribed under the 2023 18th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement;
“2023 19th Alltrust Insurance the wealth management product subscribed under the 2023 19th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement;
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“2023 20th Alltrust Insurance the wealth management product subscribed under the 2023 20th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement; “2023 21st Alltrust Insurance the wealth management product subscribed under the 2023 21st Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement; “2023 22nd Alltrust the wealth management product subscribed under the 2023 22nd Insurance Wealth Alltrust Insurance Wealth Management Agreement, the major Management Product” terms of which are summarised in this announcement; “2023 23rd Alltrust Insurance the wealth management product subscribed under the 2023 23rd Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement; “2023 24th Alltrust Insurance the wealth management product subscribed under the 2023 24th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement; “2023 25th Alltrust Insurance the wealth management product subscribed under the 2023 25th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement; “2023 26th Alltrust Insurance the wealth management product subscribed under the 2023 26th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement; “2024 1st Alltrust Insurance the wealth management product subscribed under the 2024 1st Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement; “2024 2nd Alltrust Insurance the wealth management product subscribed under the 2024 2nd Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement; “2024 3rd Alltrust Insurance the wealth management product subscribed under the 2024 3rd Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement;
“2024 4th Alltrust Insurance the wealth management product subscribed under the 2024 4th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement; “2024 5th Alltrust Insurance the wealth management product subscribed under the 2024 5th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement;
“2024 6th Alltrust Insurance the wealth management product subscribed under the 2024 6th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement;
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“2024 7th Alltrust Insurance the wealth management product subscribed under the 2024 7th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement; “2024 8th Alltrust Insurance the wealth management product subscribed under the 2024 8th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement; “2024 9th Alltrust Insurance the wealth management product subscribed under the 2024 9th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement;
“2024 10th Alltrust Insurance the wealth management product subscribed under the 2024 10th Wealth Management Alltrust Insurance Wealth Management Agreement, the major Product” terms of which are summarised in this announcement;
“2024 11th Alltrust Insurance Wealth Management Product”
the wealth management product subscribed under the 2024 11th Alltrust Insurance Wealth Management Agreement, the major terms of which are summarised in this announcement;
“Air-conditioner Marketing Company”
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;
“Alltrust Insurance”
Alltrust Insurance Asset Management Co., Ltd (永誠保險資產管 理有限公司), a company established under the laws of the PRC;
“Alltrust Insurance Management Agreements”
the Alltrust Insurance wealth management agreements as listed in the section headed “List of Alltrust Insurance Wealth Management Agreements” in this announcement, the 2023 17th Alltrust Insurance Wealth Management Agreement to the 2023 26th Alltrust Insurance Wealth Management Agreement, the 2024 1st Alltrust Insurance Wealth Management Agreement to the 2024 11th Alltrust Insurance Wealth Management Agreement;
-
“Alltrust Insurance Wealth Management Products”
-
the wealth management products subscribed under the Alltrust Insurance Wealth Management Agreements;
-
“Board”
the board of directors of the Company;
-
“Bank of Ningbo”
-
Bank of Ningbo Co., Ltd. (寧波銀行股份有限公司), a licensed bank incorporated under the laws of the PRC;
-
“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 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;
34
| “Director(s)” | the director(s) of the Company; |
|---|---|
| “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; | |
| “Group” | the Company and its subsidiaries; |
| “HK$” | Hong Kong dollars, the lawful currency of Hong Kong; |
| “Hisense Mould Company” | Qingdao Hisense Mould Co., Ltd*(青島海信模具有限公司), a |
| non-wholly owned subsidiary of the Company; | |
| “Hong Kong Stock | The Stock Exchange of Hong Kong Limited; |
| Exchange” | |
| “Kelon Mould Company” | Guangdong Kelon Mould Co., Ltd*(廣東科龍模具有限公司), a |
| non-wholly owned subsidiary of the Company; | |
| “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 non-wholly owned subsidiary of the |
| Company; | |
| “Renminbi” or “RMB” | Renminbi, the lawful currency of the PRC; |
| “Ronshen Plastic Company” | Foshan Shunde Rongshen Plastic Co., Ltd.*(佛山市順德區容聲 |
| 塑膠有限公司), a non-wholly owned subsidiary of the Company; | |
| “Shareholder(s)” | the shareholder(s) of the Company; |
| “Trading Day(s)” | business days which the Shanghai Stock Exchange, the Shenzhen |
| Stock Exchange and the trading venues for the underlying assets | |
| in the markets such as inter-bank market; | |
| “%” | 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 RMB0.91523 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.
35
3. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.91778 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 RMB0.91715 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 RMB0.91693 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 RMB0.91757 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 RMB0.91769 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 RMB0.91835 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 RMB0.90967 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 RMB0.90866 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 RMB0.9095 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.
12. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.90879 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.
13. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.90826 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.
14. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.90772 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.
15. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.90725 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.
16. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.90763 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.
17. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.90769 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.
36
18. This amount has been converted from RMB into HK$ at an exchange rate of RMB0.90739 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, 14 March 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, 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.
37