Haier Smart Home progresses with employee stock plans

Haier Smart Home (SSE:600690) has announced progress in its 2025 A-share and H-share core employee stock ownership plans. The A-share plan, approved at the annual general meeting, involves CNY 757 million in funding, sourced from repurchased shares at an average price of CNY 24.03 per share. Approximately 31,481,400 shares will be transferred from the company's repurchase account. The H-share plan, with CNY 63 million in funds, will be managed by an asset management firm, with shares to be purchased on the secondary market via Shanghai-Hong Kong Stock Connect. The asset management plan has been filed. These developments signal continued efforts to align employee interests with shareholder value.