Haier Smart Home to cancel repurchased A-shares, reduce capital

Haier Smart Home Co., Ltd. announced its intention to cancel 1,472,684 A-shares repurchased under its 2022 plan, thereby reducing its registered capital. This decision was approved at the Extraordinary General Meeting and A-share Class Meeting held on October 16, 2025. Creditors are invited to declare their claims starting October 17, 2025, either within 30 days of receiving written notice or 45 days from the public announcement for those not directly notified.

The change in the use of repurchased shares from "equity incentives/employee stock ownership plans" to "cancellation to reduce registered capital" was approved with an overwhelming majority across A, D, and H share classes. For A-shares, 99.9634% of votes were in favor of the cancellation.

Creditors can declare their claims by mail or fax to the company's securities department in Qingdao, providing valid documentation of their claims and identity. The company assures that undeclared valid claims will be honored according to original agreements.