Hisense Home Appliances : ▪ ANNOUNCEMENT-DELAY IN DESPATCH...

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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)

ANNOUNCEMENT

DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcements of Hisense Home Appliances Group Co., Ltd. (the "Company") dated 26 November 2018 (the "Announcement") and 7 December 2018 in respect of: (1) Continuing connected transactions - Business Co-operation Framework Agreement; (2) Continuing connected transactions and major transaction - Financial Services Agreement; (3) Continuing connected transactions - Revised annual caps and Supplemental Agreement in relation to Financial Business Framework Agreement. Terms defined in the Announcement shall have the same meanings when used herein unless the context requires otherwise.

As disclosed in the Announcement, a circular containing, inter alia, (a) further information on the Business Co-operation Framework Agreement and the Financial Services Agreement and the Caps in relation thereto; (b) further information on the Supplemental Agreement (which stipulates, inter alia, (1) the Revised Annual Caps; (2) provision of finance leasing services; and (3) Finance Leasing Services Annual Cap) and the transactions contemplated thereunder and the Revised Annual Caps and Finance Leasing Services Annual Cap in relation thereto; (c) the letter of advice from the independent financial adviser to the independent board committee and Shareholders; and (d) the recommendation from the independent board committee (the "Circular") will be despatched to the Shareholders on or before 3 January 2019.

As additional time is required by the Company for finalising certain information for inclusion in the Circular, the Company expects that the despatch of the Circular will be postponed to a date on or before 11 January 2019.

By Order of the Board

Hisense Home Appliances Group Co., Ltd.

Tang Ye Guo

Chairman

Foshan City, Guangdong, the PRC, 3 January 2019

As at the date of this announcement, the Company's executive directors are Mr. Tang Ye Guo, Mr. Liu Hong Xin, Mr. Lin Lan, Mr. Dai Hui Zhong, Mr. Jia Shao Qian and Mr. Wang Yun Li; and the Company's independent non-executive directors are Mr. Ma Jin Quan, Mr. Zhong Geng Shen and Mr. Cheung Sai Kit.