Haier Smart Home announces share repurchase plan up to CNY 2bn

Haier Smart Home (SSE:600690) has announced a plan to repurchase A-shares from the public, with a total repurchase amount not exceeding CNY 2 billion and not less than CNY 1 billion, with a repurchase price not exceeding CNY 40 per share. The repurchased shares will be used for an employee stock ownership plan. The repurchase period will last for 12 months from the date the board of directors approves the repurchase plan. The funds will be sourced from the company's own funds and/or self-raised funds, including special loans for stock repurchase. The company says the repurchase demonstrates confidence in its future prospects and aims to improve corporate governance and align the interests of shareholders and management. As of December 31, 2024, the company's total assets were CNY 2,901.13 billion and the net assets attributable to shareholders of the listed company were CNY 1,113.66 billion.