Haier Smart Home Co., Ltd. (SEHK:6690) commences share repurchases on May 4, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting and Class Meeting held on March 5, 2021. As per the mandate, the company is authorized to repurchase up to 270,532,844 class H shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company. The repurchases will be made out of the self-owned funds or self-raising funds legally available for such purpose in accordance with its memorandum of association and Bye-laws and the applicable laws and regulations of the PRC. The repurchased H Shares will be cancelled. The authority shall expire at the earliest of the Annual General Meeting in 2020, unless this resolution is replaced by a special resolution at the Annual General Meeting, with or without conditions or the date on which this resolution is revoked or varied by resolution at any general meeting of the company. As of March 5, 2021, the company had 2,705,328,441 H shares in issue.