Haier Smart Home Co., Ltd. (SEHK:6690) commences share repurchases on July 6, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting and Class Meeting held on June 28, 2022. As per the mandate, the company is authorized to repurchase up to 286,722,534 class H shares, representing 10% of its issued H share capital and 27,101,397 D shares, representing 10% of its issued D 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 shares will be cancelled. The authority shall expire at the earliest of the Annual General Meeting in 2023, 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 April 28, 2022, the company had 9,446,791,970 shares in issue, 2,867,225,343 as H shares and 271,013,973 as D shares.