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]
Third country release pursuant to Section 50 para. 1 no. 2 German Securities Trading Act (WpHG)
Announcement on Change in Share Capital of H-Share
Qingdao / Shanghai / Frankfurt, 30 April 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 with regard to the Change in Share Capital of H-Share:
The details are as follows:
Conversion status: In April 2021, a cumulative amount of HKD 567,000,000 H-Share convertible bonds were converted into H-Shares of the Company, and the cumulative number of H-Shares formed as a result of the conversion was 30,100,490 shares, accounting for 0.32% of the total share capital of the Company before the conversion of H-Share convertible bonds in this month. As of 30 April 2021, a cumulative amount of HKD 6,602,000,000 H-Share convertible bonds were converted into H-Shares of the Company, and the cumulative number of H-Shares formed as a result of the conversion was 350,482,243 shares, accounting for 3.75% of the total share capital of the Company before the conversion of H-Share convertible bonds in this month.
Status of outstanding convertible bonds: As of 30 April 2021, the amount of H-Share convertible bonds not yet converted was HKD 1,391,000,000, accounting for 17.40% of the total number of H-Share convertible bonds issued.
I. Overview of the issuance and listing of convertible bonds
On 27 October 2020, the China Securities Regulatory Commission (CSRC) issued the Approval of Haier Smart Home Co.,Ltd. to Issue Overseas Listed Foreign Shares and Convertible Corporate Bonds (CSRC License  No. 2768), approving: (1) Haier Smart Home Co., Ltd. (hereinafter referred to as the "Company") to issue not more than 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 equivalent in foreign currencies), with a par value of RMB 1 per share, all of which are ordinary shares. Upon completion of this issuance, the Company may list on the Main Board of The Stock Exchange of Hong Kong Limited (hereinafter referred to as "HKSE"); (2) The Company's wholly-owned overseas subsidiaries, guaranteed by the Company, will issue overseas corporate bonds not exceeding HKD 8 billion or its equivalent in foreign currency convertible into overseas listed foreign shares of the Company (hereinafter referred to as "H-share convertible bonds").
On 23 December 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 relevant exchangeable bonds to convertible bonds program became effective and operational after the listing, the total amount of effective H-share convertible bonds was HKD 7,993,000,000.
II. Change in Share Capital
In April 2021, the changes in the Company's shares were as follows.
About Haier Smart Home Co., Ltd.:
Haier is one of the world's leading manufacturers of household appliances with a focus on 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 smaller household appliances and an extensive range of intelligent household appliances. The Company distributes its products through leading household brands such as Haier, Casarte, Leader, Candy, GE Appliances, AQUA and Fisher & Paykel. Haier Smart Home Co., Ltd. has launched Smart Home Experiential Cloud, which connects homes, users, enterprises and ecosystem partners, and facilitates the integration of Haier's online, offline and micro-store businesses and supports user interaction to further optimize the user experience.
Yao Sun (Sophie) - Haier Smart Home Germany
30.04.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Haier Smart Home Co.,Ltd.|
|Haier Industrial Park, Laoshan District|
|End of News||DGAP News Service|