Release in a third country in accordance with Art. 50 par. 1, No. 2 WpHG
Announcement on the modification of the share capital of H-Share
Qingdao / Shanghai / Frankfurt / Hong Kong, January 28, 2022 – Haier Smart Home Co., Ltd. (the “Society” Where “Haier smart home“, D-share 690D.DE, A-share 600690.SH, H-share 06690.HK) published an announcement on the Shanghai Stock Exchange regarding the modification of the registered capital of H-Share.
The details are defined as follows:
Conversion status of convertible bonds linked to H shares: From January 1 to January 28, 2022, a cumulative amount of HKD 60,000,000 of convertible bonds linked to H shares were converted into H shares of the Company, and the cumulative number of H shares formed following the conversion was 3,229,278 shares, accounting for 0.03% of the total share capital of the Company before the conversion of the convertible bonds linked to the H shares this month. As of January 28, 2022, a cumulative amount of HKD 7,654,000,000 of convertible debentures linked to H shares have been converted into H shares of the Company, and the cumulative number of H shares formed as a result of the conversion was 406,440,167 shares, representing 4.31% of the total share capital of the Company before the conversion of the convertible bonds linked to H shares this month.
Status of convertible bonds outstanding: As of January 28, 2022, the amount of convertible bonds linked to H shares not yet converted was 339,000,000 HKD, or 4.24% of the total number of convertible bonds linked to H shares issued.
I. Context of the issuance and listing of convertible bonds
On October 27, 2020, the China Securities Regulatory Commission (CSRC) issued the approval of Haier Smart Home Co., Ltd. to issue foreign listed foreign stocks and convertible corporate bonds (CSRC license  no. 2768), approving: (1) Haier Smart Home Co., Ltd. (hereinafter referred to as the “Company”) to issue up to 2,856,526,138 overseas listed foreign shares (including additional shares issued upon exercise of conversion rights by holders of convertible bonds of not more than HKD 8 billion or foreign currency equivalent), with a par value of RMB 1 per share, all of which are ordinary shares. Following this issue, the Company may be listed on the Main Board of the Stock Exchange of Hong Kong Limited (hereinafter referred to as “HKSE”); (2) Foreign subsidiaries wholly owned by the Company, guaranteed by the Company, shall issue overseas corporate bonds not exceeding HKD 8 billion or its equivalent in foreign currencies convertible into foreign listed shares. of the Company (hereinafter referred to as “convertible Liens shares”).
On December 23, 2020, 2,448,279,814 H-shares of the Company were listed and traded on the main board of the Stock Exchange of Hong Kong Limited and the convertible bond exchangeable bond program became effective and operational after listing, the total amount of effective shares Bonds convertible into H shares was 7,993,000,000 HKD.
II. Changes in share capital
From January 21, 2022 (being the date of the last modification of the shareholding structure, the details of which were disclosed in the announcement of January 21, 2022 relating to the realization of new H shares under general mandate) to January 28, 2022 , the changes in the share capital of the Company were as follows:
|Share class||Before the changes
January 21, 2022
|Number of changes in progress (actions)||After the changes
January 28, 2022
|Number of shares (shares)||Proportion||Number of bonds convertible into shares||Number of shares (shares)||Proportion|
|Domestic Listed Shares (A Shares)||6,308,552,654||66.83%||–||6,308,552,654||66.80%|
|Overseas Listed Shares (D Shares)||271 013 973||2.87%||–||271 013 973||2.87%|
|Overseas Listed Shares (H Shares)||2,860,551,503||30.30%||+3 229 278||2,863,780,781||30.33%|
|Total number of shares||9,440 118,130||100.00%||+3 229 278||9,443,347,408||100.00%|
Note: This announcement was written in Chinese and English. In case of discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.
Haier Smart Home France
Phone. : +852 2169 0000
Email: [email protected]
CROSS ALLIANCE communication GmbH
T: +49 (0) 89 1250903 35
About Haier Smart Home Co., Ltd. :
Haier is one of the world’s leading home appliance manufacturers, specializing in smart home solutions and customized mass production. Haier Smart Home Co., Ltd. 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 appliances and a wide range of smart home appliances. The Company distributes its products through major household brands, such as Haier, Casarte, Leader, Candy, GE Appliances, AQUA and Fisher & Paykel. Haier Smart Home Co., Ltd. launched Smart Home Experiential Cloud, which connects households, users, businesses and ecosystem partners, and facilitates the integration of Haier’s online, offline and micro-store businesses and supports interaction users to further optimize the user experience.