DGAP Post-admission Duties announcement: Haier Smart Home Co.,Ltd.
/ Release on the exercise of conversion rights according to § 49, Para. 1, Sentence 1, Number 2 WpHG
Announcement on Change in Share Capital of H-share
Qingdao / Shanghai / Hongkong / Frankfurt, 01 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 March 2021, a cumulative amount of HKD 1,193,000,000 H-share convertible bonds was converted into H-shares of the Company, and the cumulative number of H-shares formed as a result of the conversion was 63,333,126 shares, accounting for 0.68% of the total share capital of the Company before the conversion of H-share convertible bonds. As of 31 March 2021, a cumulative amount of HKD 6,035,000,000 H-share convertible bonds was converted into H-shares of the Company, and the cumulative number of H-shares formed as a result of the conversion was 320,381,753 shares, accounting for 3.45% of the total share capital of the Company before the conversion of H-share convertible bonds.
Status of outstanding convertible bonds: As of 31 March 2021, the amount of H-share convertible bonds not yet converted was HKD 1,958,000,000, accounting for 24.50% 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
As of 31 March 2021, the changes in the Company's shares were as follows.
Note: This Announcement has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.
Haier Smart Home Co., Ltd.
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.
01.04.2021 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|