HAIER SMART HOME CO., LTD.
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]
Announcement on the Progress of Shareholding Increase in the Company by Actual Controller's Concerted Actor Qingdao / Shanghai / Frankfurt / Hongkong, 30 June 2021 - Haier Smart Home Co., Ltd. (the "Company" or "Haier Smart Home", D-share 690D.DE, A-share 600690.SH, H-share 06690.HK) published an announcement on the Shanghai Stock Exchange in accordance with the applicable trading rules in China with regard to the Progress of Shareholding Increase in the Company by Actual Controller's Concerted Actor and Continuous Shareholding Increase. Details are set out as follows: - Implementation of the shareholding increase plan: On 18 June 2021, Qingdao Haichuangzhi Management Consulting Enterprise (Limited Partnership) (hereinafter referred to as "Haichuangzhi"), a concerted actor of Haier Group Corporation (hereinafter referred to as "Haier Group") which is the actual controller of Haier Smart Home Co., Ltd., increased its holdings of 362,490 A shares in the Company through the trading system of Shanghai Stock Exchange (hereinafter referred to as the "SSE") (hereinafter referred to as the "First Shareholding Increase"), representing 0.0039% of the Company's Total Share Capital Before the Change (as defined below). On 30 June 2021, the Company received a notice from Haichuangzhi, notifying that Haichuangzhi has accumulatively increased its holdings of 6,973,490 shares in the Company through the trading system of SSE (including the First Shareholding Increase), accounting for 0.07% of the Total Share Capital Before the Change (as defined below) of the Company. The average price of the increased shares was RMB 25.81/share with a total amount of RMB 179,981,070.87, which already exceeded 50% of the lower limit (RMB 300 million) of its Shareholding Increase Plan. - General information of the disclosed shareholding increase plan: Haichuangzhi and/or other parties acting in concert with Haier Group intended to increase their shareholdings in the Company's A shares through the trading system of SSE within the time frame permitted by relevant laws and regulations in the next 6 months (since the First Shareholding Increase) with an accumulated amount of no less than RMB 300 million and the number of shares according to its plan shall not exceed 2% of the Company's Total Share Capital Before the Change (as defined below). There is no price range for the Shareholding Increase Plan, so Haichuangzhi and/or other parties acting in concert with Haier Group would gradually implement the Shareholding Increase Plan according to the Company's stock price fluctuations and the overall trend of the capital market. - Reasons for the adjustment of the Shareholding Increase Plan: Due to the conversion of the Company's H-share convertible bonds and the cancellation of the repurchased H shares, the Company's total share capital was changed from 9,398,164,915 shares at the date of the First Shareholding Increase (referred to as the "Total Share Capital Before the Change") to 9,393,170,481 shares (referred to as the "Total Share Capital After the Change"). - Shares held by the Shareholding Increase Entities: Prior to the Shareholding Increase, Haichuangzhi already held 73,011,000 A shares of the Company, accounting for 0.78% of the Company's total share capital. As of the date of this announcement, Haichuangzhi has held 79,984,490 A shares of the Company, accounting for 0.85% of the Company's Total Share Capital Before the Change. - Shares held by Haier Group and its concerted parties: As of the date of this announcement, Haichuangzhi has accumulatively increased its holdings of 6,973,490 shares in the Company, accounting for 0.07% of the Company's Total Share Capital After the Change. The average price of the increased shares was RMB 25.81/share with an amount of RMB 179,981,070.87, which already exceeded 50% of the lower limit (RMB 300 million) of the Shareholding Increase Plan. Haier Group and its concerted parties including Haichuangzhi hold 3,180,227,832 shares of the Company in aggregate, representing 33.84% of the Company's Total Share Capital After the Change. - Risk of uncertainty on the implementation of the shareholding increase plan: The Shareholding Increase Plan may not meet expectations due to changes in securities market conditions and other factors. - Other explanation 1. If the Company's total share capital changes during the period of the Shareholding Increase, the relevant proportion will be adjusted accordingly. The Company will follow up the shareholding increase of the above-mentioned entity and perform the disclosure obligations in a timely manner in accordance with relevant regulations. 2. Haier Group and Haichuangzhi has undertaken that it will strictly abide by relevant regulations of the China Securities Regulatory Commission and SSE on changes in the equity of listed companies and the sensitive period of stock trading in the process of implementing the plan of increasing its shareholdings in the Company and will not reduce its shareholdings in the Company during the implementation period and within the statutory period. 3. The Shareholding Increase Plan and shareholding increase are in compliance with the Securities Law of the People's Republic of China and other laws and regulations, departmental rules and SSE Business Rules and other relevant regulations.
About Haier Smart Home Co., Ltd.:
30.06.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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 |
1214086 30.06.2021
