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.
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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
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2021-05-25 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press
Releases.
Archive at www.dgap.de
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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
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May 25, 2021 16:14 ET (20:14 GMT)
