Haier Smart Home Co., Ltd. (SHSE:600690) acquired Qingdao Haier Quality Inspection Co., Ltd. from Haier Group Corporation for CNY 36.3 million on October 29, 2021. The consideration will be paid in cash within 30 days from the date of completion of the industrial and commercial change registration of this equity transfer. Post completion, Haier Smart Home will hold 100% equity in Qingdao Haier Quality Inspection. As of September 30, 2021, total assets were CNY 42.7 million and net assets CNY 24.76 million. The transaction was approved at the 24th meeting of the 10th Board of Directors held on October 29, 2021.

Haier Smart Home Co., Ltd. (SHSE:600690) completed the acquisition of Qingdao Haier Quality Inspection Co., Ltd. from Haier Group Corporation on October 29, 2021.