DGAP Post-admission Duties announcement: Haier Smart Home Co.,Ltd. / Third country release according to Article 50 Para. 1, No. 2 of the WpHG [the German Securities Trading Act] Haier Smart Home Co.,Ltd.: Release according to Article 50 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution 2020-12-09 / 14:41 Dissemination of a Post-admission Duties announcement according to Article 50 Para. 1, No. 2 WpHG transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. *Announcement pursuant to Section 50 para. 1 no. 2 German Securities Trading Act (WpHG)* *Announcement on the progress of the privatisation of Haier Electronics Group and the listing of H-Shares of Haier Smart Home by way of introduction* *Qingdao / Shanghai / Frankfurt, 9 December 2020* - Haier Smart Home Co., Ltd. (the "*Company*", D-Share ISIN CNE1000031C1, A-Share ISIN CNE000000CG9) published an announcement on the Shanghai Stock Exchange with regard to the progress of the privatization of Haier Electronics Group Co., Ltd. (1169.HK, the "*HEG*") and the listing of the Company's H-Shares by way of introduction. On 9 December 2020, HEG convened and held the court meeting (convened at the direction of the Supreme Court of Bermuda (the "*Court*", the "*Court Meeting*") and the special general meeting (the "*SGM*"), during which the resolutions in respect of the proposed privatisation of HEG by way of a scheme arrangement (the "*Scheme*") was considered and approved by the requisite majority. The Company and HEG issued a joint announcement on the website of the Hongkong Stock Exchange (*"HKEX"*) news on 9 December 2020 on, amongst others, the results of the Court Meeting and the SGM. For the details of the announcement, please refer to the website of the HKEX news (http://www.hkexnews.hk) [1]. As at the date of this announcement, the implementation of the Scheme remains subject to a number of conditions as disclosed in the scheme document issued by the Company and HEG on 16 November 2020, including the sanction of the Scheme by the Court. Subject to all outstanding conditions being satisfied or waived (as applicable), the Scheme is expected to become effective on 21 December 2020 (Bermuda Time). According to the current expected timetable, the withdrawal of the listing of HEG shares on the Hong Kong Stock Exchange is expected to take place with effect from 9:00 a.m. on 23 December 2020, and the dealings in the Company's H-Shares on the Hong Kong Stock Exchange is expected to commence at 9:00 a.m. on 23 December 2020. The above-mentioned expected timetable remains subject to further changes. For detailed information relating to the expected timetable of the Scheme and the listing of Company's H-Shares by way of introduction, please refer to the announcement published by the Company on the website of the HKEX news (http://www.hkexnews.hk [1]) on 9 December 2020. The Company will perform its information disclosure obligations in a timely manner in accordance with relevant regulations. Investors are requested to invest rationally and pay attention to investment risks. Board of Directors Haier Smart Home Co., Ltd. 9 December 2020 *About Haier Smart Home Co., Ltd.:* Haier is one of the world's leading manufacturers of household appliances with a focus on smart home solutions and customized mass production. Haier Smart Home Co., Ltd. develops, produces and distributes a wide range of household appliances. These include refrigerators, freezers, washing machines, air conditioners, water heaters, kitchen appliances as well as smaller household appliances and an extensive range of intelligent household appliances. The Company distributes its products through leading household brands such as Haier, Casarte, Leader, Candy, GE Appliances, AQUA and Fisher & Paykel. Haier Smart Home Co., Ltd. has launched Smart Home Experiential Cloud, which connects homes, users, enterprises and ecosystem partners, and facilitates the integration of Haier's online, offline and micro-store businesses and supports user interaction to further optimize the user experience. *IR contact:* Yao Sun (Sophie) - Haier Smart Home Germany T: +49 6172 9454 143 F: +49 6172 9454 42143 M: +49 160 9469 3601 Email: y.sun@haier.de 2020-12-09 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Haier Smart Home Co.,Ltd. Haier Industrial Park, Laoshan District 266101 Qingdao China Internet: www.haier.net End of News DGAP News Service 1153976 2020-12-09 1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f115ea3df560b8c5c807a3c1a4ba672f&application_id=1153976&site_id=vwd&application_name=news
(END) Dow Jones Newswires
December 09, 2020 08:41 ET (13:41 GMT)
