Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

DGAP-CMS: 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

05/25/2021 | 04:15pm EDT
DGAP Post-admission Duties announcement: Haier Smart Home Co.,Ltd. / Announcements on the Board Meeting Resolutions 
regarding the Employee Stock Ownership Plan of A-and H-Share and the Restricted Share Unit Scheme 
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 
2021-05-25 / 22:13 
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. 
=---------------------------------------------------------------------------------------------------------------------- 
Third country release pursuant to Section 50 para. 1 no. 2 German Securities Trading Act (WpHG) 
 
Announcements on the Board Meeting Resolutions regarding the Employee Stock Ownership Plan of A-and H-Share and the 
Restricted Share Unit Scheme 
Qingdao / Shanghai / Frankfurt / Hongkong, 25 May 2021 - A Board Meeting of Haier Smart Home Co., Ltd. (the "Company" 
or "Haier Smart Home", D-Share 690D.DE, A-Share 600690.SH, H-Share 06690.HK) was held today and various announcements 
on the Board Meeting Resolutions regarding the Employee Stock Ownership Plan of A- and H-Share and the Restricted Share 
Unit Scheme was published in accordance with Chinese and Hongkong Law. 
It has been the intention of the Company that it will increase the incentives for core management and excellent talents 
in different markets worldwide with various classes of stocks. Furthermore, it has been the intention of the 
Company to maintain a wide coverage under its incentive schemes to strengthen the incentives and reach more key 
personnel, especially for overseas employees. As such, the Board has resolved at a meeting of the Board held today to 
propose the adoption of the A-Share Employee Stock Ownership Plan ("A-Share ESOP"), the H-Share Employee Stock 
Ownership Plan ("H-Share ESOP"), and the Restricted Share Unit Scheme ("RSU Scheme"). It is expected that relevant 
employees of the Group ordinarily reside within Mainland China will mainly be covered by the A-Share ESOP and H-Share 
ESOP, while relevant employees of the Company ordinarily reside outside Mainland China will mainly be covered by the 
RSU Scheme. It is also proposed that core senior management of the Company (initially a total of 35 persons) shall 
participate in the A-Share ESOP and/or the H-Share ESOP such that subject to performance review, they will be entitled 
to interests in both A-Shares and H-Shares. The Company believes that the proposed incentive to the core senior 
management in the form of both A-Shares and H-Shares is in line with the shareholders' expectation that the core senior 
management team should be motivated to create value for the Shareholders. 
(1) Proposed Adoption of the A-Share Core Employee Stock Ownership Plan (2021-2025); 
In line with its past practices of enabling equity ownership by and providing incentives to employees, the Company 
proposed to adopt the A-Share ESOP. The Company will either provide the A-Share ESOP with A-Shares it repurchased or 
withdrawing from the incentive fund for the A-Share ESOP to purchase A-Shares from the secondary market for future 
vesting. It is proposed for the first phase of the A-Share ESOP, the cost of purchasing A-Shares for grant under the 
A-Share ESOP will be up to RMB708 million. 
(2) Proposed Adoption of the H-Share Core Employee Stock Ownership Plan (2021-2025); 
Following the successful initial listing of H-Shares on the Stock Exchange in December 2020, to enable employees to own 
H-Shares interests and to provide incentives, the Company proposed to also adopt the H-Share ESOP. The Company will 
provide the Asset Manager funding for purchasing H-Shares (through Hong Kong Stock Connect) from the secondary market 
for future vesting. It is proposed for the first phase of the H-Share ESOP, the cost of purchasing H-Shares for grant 
under the H-Share ESOP will be up to RMB90 million. 
(3) Proposed Authorization to the Board to Handle Matters Pertaining to the A-Share Core Employee Stock Ownership Plan 
and the H-Share Core Employee Stock Ownership Plan; 
(4) Proposed Adoption of the Restricted Share Unit Scheme; 
Following the successful initial listing of the H-Shares on the Stock Exchange in December 2020, the Company proposed 
to adopt the RSU Scheme with the purpose of enabling equity ownership of H-Shares by its employees and provide 
incentives. It is currently expected that the H-Shares shall be purchased from secondary market by the Trustee in Hong 
Kong. It is proposed during the year 2021, the cost for purchasing H-Shares by the Trustee for grant under the RSU 
Scheme will be up to RMB102 million. 
          (5) Proposed Authorization to the Board and/or the Delegatee to Handle Matters Pertaining to the Restricted 
                Share Unit Scheme 
The A-Share ESOP, the H-Share ESOP and the RSU Scheme are still subject to the consideration and approval at the Annual 
General Meeting ("AGM") to be convened on 25 June 2021. The AGM Invitation Letter to D-Shareholders is expected to be 
published and dispatched before 05 June 2021. 
Details of abovementioned resolutions are available on the Company's website at: https://smart-home.haier.com/en/dggg/ 
About Haier Smart Home D-Share: 
Haier Smart Home Co., Ltd. is prime standard listed in Frankfurt (690D.DE) alongside its listing in Shanghai 
(600690.SH) and Hongkong (06690.HK). The three class-shares grant their investors with the same economic rights and 
ownership rights. 
About Haier Smart Home Co., Ltd.: 
Haier Smart Home Co., Ltd. is one of the world's leading manufacturers of household appliances with a focus on smart 
home solutions. The Company 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 small 
household appliances and an extensive range of intelligent household appliances. The Company distributes its products 
through leading brands such as Haier, Casarte, Leader, Candy, GE Appliances, AQUA and Fisher & Paykel. Haier 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 
=---------------------------------------------------------------------------------------------------------------------- 
2021-05-25 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 
=------------ 

1200517 2021-05-25

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1200517&application_name=news 
 

(END) Dow Jones Newswires

May 25, 2021 16:14 ET (20:14 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.48% 34584.88 Delayed Quote.13.54%
HAIER SMART HOME CO., LTD. 4.24% 26.8 End-of-day quote.-8.25%
Latest news "Companies"
03:12pSAFARICOM : With kes 4.5 million boost for kip keino classic continental tour
PU
03:12pFORESIGHT AUTONOMOUS : Benzinga Electric Vehicle Conference – September 22-23, 2021
PU
03:06pKENYA AIRWAYS : KQ Resumes Flights to Mumbai
AQ
03:00pCARNIVAL CRUISE LINE : First To Resume Sailings From Port Of New Orleans
PR
02:59pSorrento Announces an Independent Real-World Study That Reports Superior Sensitivity Results in Detecting COVID-19 Virus Infections in All-Comer General Population by COVISTIX as Compared to a Globally Leading Rapid Antigen Test
GL
02:31pTodos Medical Now Accepting Cryptocurrency for the Purchase of Tollovid® and Tollovid Daily™ through Coinbase Commerce
GL
02:29pMODERNA : U.S. administers about 385.6 mln doses of COVID-19 vaccines -CDC
RE
02:10pMODERNA : U.S. CDC Says Administered 385,586,012 Doses Of COVID-19 Vaccine As Of Sept 19
RE
02:02pMEDIA STATEMENT : Committees on Appropriations Welcome Cosatu's Views on Second Special Appropriation Bill
PU
02:02pBMW : Difficult WorldSBK Sunday for BMW Motorrad Motorsport in Barcelona.
PU
Latest news "Companies"