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 2021-01-28 / 15:09 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. =---------------------------------------------------------------------------------------------------------------------- Qingdao / Shanghai / Frankfurt, 28 January 2021 - Haier Smart Home Co., Ltd. (the "Company", "Qingdao Haier" or "Haier Smart Home", D-share 690D.DE, A-share 600690.SH, H-share 06690.HK) has recently completed relevant matters in relation to Equity Allocation of Employee Stock Ownership Scheme (the equity or shares involved refer to A shares, the same below). The details are as follows: I. Details of the Core Employee Stock Ownership Scheme (I) Details of Phase I Stock Ownership Scheme of the Core Employee Stock Ownership Scheme The Company held the 2015 Annual General Meeting on 31 May 2016, considering and approving the Proposal on "Core Employee Stock Ownership Scheme of Qingdao Haier Co., Ltd. (Draft)" and its Summary (referred to as the "Core Employee Stock Ownership Scheme", "Phase I Stock Ownership Scheme" or "Draft of Phase I Stock Ownership Scheme"). For details of the Phase I Stock Ownership Scheme, please refer to the announcement published on the website of Shanghai Stock Exchange (www.sse.com.cn) and the relevant statutory disclosure media by the Company on 29 April 2016. Pursuant to the requirements of the Draft of Phase I Stock Ownership Scheme, the Administrative Measures of Phase I Core Employee Stock Ownership Scheme of Qingdao Haier Co., Ltd. and the relevant requirements, there are 515 employees participating in Phase I Stock Ownership Scheme, holding 247,900,000 shares (RMB) in total. Pursuant to the Announcement regarding the Completion of Share Purchase in Phase I Core Employee Stock Ownership Scheme of Qingdao Haier Co., Ltd. (L2016-062) disclosed by the Company on 30 November 2016, as of 29 November 2016, the Designated Asset Management Plan of Phase I Core Employee Stock Ownership Scheme of Qingdao Haier Co., Ltd. has accumulatively bought 24,255,140 shares of the Company via the secondary market, with an average transaction price of approximately RMB10.02 per share and the transaction amount of RMB242,939,165.22. The above shares purchased are to be locked up in accordance with the requirements with a lock-up period of 12 months since the disclosure date of this announcement, being from 30 November 2016 to 29 November 2017. Pursuant to the Draft of Phase I Stock Ownership Scheme, the equity interests of the underlying stocks in the Phase I Stock Ownership Scheme shall be vested to their holders in two phases, the specific vesting time would be after the lock-up period ends, which should be determined by the Management Committee. The assessment indicators and vesting arrangements under the Phase I Stock Ownership Scheme are as follows: (1) The assessment indicators and vesting arrangements of the holders under the Phase I Stock Ownership Scheme who are directors, supervisors, senior managements of Qingdao Haier and the personnel of the Company's platform are: if the holders were assessed by the Management Committee in 2016 with an up-to-standard result and the Company's net profits vested in shareholders of the parent company with deduction of non-recurring profits and losses in 2016 increased over 10% (inclusive) than those of the 2015, then 40% of the equity interests of underlying stocks in the Phase I Stock Ownership Scheme under their name would all be vested to the holders; provided that the increase rate is between 8% and 10%, the percentage of vesting shall be determined by the Management Committee and the vesting shall then be proceeded after reporting to the Remuneration and Appraisal Committee of Board of Directors of the Company and obtaining approval from them; provided that the increase rate is below 8% (not inclusive), then the equity interests would not be vested in 2016. If the holders were assessed by the Management Committee in 2017 with an up-to-standard result and the Company's net profits vested in shareholders of the parent company with deduction of non-recurring profits and losses in 2017 increased over 15% (inclusive) than those of the 2016, then 60% of the equity interests of underlying stocks in the Phase I Stock Ownership Scheme under their name would all be vested to the holders; provided that the increase rate is between 10% and 15%, the percentage of vesting shall be determined by the Management Committee and the vesting shall then be proceeded after reporting to the Remuneration and Appraisal Committee of Board of Directors of the Company and obtaining approval from them; provided that the increase rate is below 10% (not inclusive), then the equity interests would not be vested in 2017. (2) The holders under the Phase I Stock Ownership Scheme excluding the holders in item 1 were assessed by the Management Committee with up-to-the standard results in 2016 and 2017, being vested with 40% and 60% of the equity interests, respectively. (II) Details of Phase II Stock Ownership Scheme of the Core Employee Stock Ownership Scheme Pursuant to the requirements of the Core Employee Stock Ownership Scheme, the Company held the 4th meeting of the Ninth Session of the Board of Directors on 27 February 2017, on which the Phase II Stock Ownership Scheme of Core Employee Stock Ownership Scheme of Qingdao Haier Co., Ltd. (draft) and its Summary (hereinafter referred to as the "Draft of Phase II Stock Ownership Scheme") was considered and approved. For details of the Phase II Stock Ownership Scheme of Core Employee Stock Ownership Scheme (referred to as the "Phase II Stock Ownership Scheme"), please refer to the announcement published on the website of Shanghai Stock Exchange (www.sse.com.cn) and the relevant statutory disclosure media by the Company on 28 February 2017. Pursuant to the requirements of the Draft of Phase II Stock Ownership Scheme, the Administrative Measures of Phase II Stock Ownership Scheme of Core Employee Stock Ownership Scheme of Qingdao Haier Co., Ltd. and the relevant requirements, there are 576 employees participating in the Phase II Stock Ownership Scheme, holding 266,100,000 shares (RMB) in total. Pursuant to the Announcement regarding the Completion of Share Purchase in Phase II Stock Ownership Scheme of Core Employee Stock Ownership Scheme of Qingdao Haier Co., Ltd. (L2017-006) disclosed by the Company on 29 March 2017, as of 28 March 2017, the Phase II Stock Ownership Scheme has accumulatively bought 22,820,787 shares of the Company via the secondary market, with an average transaction price of approximately RMB11.43 per share and the transaction amount of approximately RMB260,768,338.35. The above shares purchased are to be locked up in accordance with the requirements with a lock-up period of 12 months since the disclosure date of the aforementioned announcement, being from 29 March 2017 to 28 March 2018. Pursuant to the Draft of Phase II Stock Ownership Scheme, the equity interests of the underlying stocks in the Phase II Stock Ownership Scheme shall be vested to their holders in two phases, the specific vesting time would be after the lock-up period ends, which should be determined by the Management Committee. The assessment indicators and vesting arrangements under the Phase II Stock Ownership Scheme are as follows: (1) The assessment indicators and vesting arrangements of the holders under Phase II Stock Ownership Scheme who are directors, supervisors, senior managements of Qingdao Haier and the personnel of the Company's platform are: if the holders were assessed by the Management Committee in 2017 with an up-to-standard result and the Company's audited net profits vested in shareholders of the parent company with deduction of non-recurring profits and losses in 2017 increased over 25% (inclusive) than those of the 2016, then 40% of the equity interests of underlying stocks in Phase II Stock Ownership Scheme under their name would all be vested to the holders; provided that the increase rate is between 20% and 25%, the percentage of vesting shall be determined by the Management Committee and the vesting shall then be proceeded after reporting to the Remuneration and Appraisal Committee of Board of Directors of the Company and obtaining approval from them; provided that the increase rate is below 20% (not inclusive), then the equity interests would not be vested in 2017. If the holders were assessed by the Management Committee in 2018 with an up-to-standard result and the Company's audited net profits vested in shareholders of the parent company with deduction of non-recurring profits and losses in 2018 increased over 10% (inclusive) than those of the 2017, then 60% of the equity interests of underlying stocks in Phase II Stock Ownership Scheme under their name would all be vested to the holders; provided that the increase rate is between 8% and 10%, the percentage of vesting shall be determined by the Management Committee and the vesting shall then be proceeded after reporting to the Remuneration and Appraisal Committee of Board of Directors of the Company and obtaining approval from them; provided that the increase rate is below 8% (not inclusive), then the equity interests would not be vested in 2018. (2) The holders under Phase II Stock Ownership Scheme excluding the holders in item (1) were assessed by the Management Committee with up-to-the standard results in 2017 and 2018, being vested with 40% and 60% of the equity interests, respectively. (III) Details of Phase III Stock Ownership Scheme of the Core Employee Stock Ownership Scheme
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