Haier Smart Home reduces share capital by cancelling repurchased shares

Haier Smart Home Co., Ltd. announced the cancellation of 1,472,684 repurchased shares, representing 0.016% of the company's total share capital prior to the cancellation. This action will reduce the company's total share capital from 9,380,463,334 shares to 9,378,990,650 shares.

The repurchased shares were part of a 2022 share repurchase plan, through which the company bought back 59,768,139 A-shares between April 13, 2022, and January 31, 2023, for a total consideration of RMB 1,510,100,758.93. While most of these shares were previously allocated to employee stock ownership plans, the remaining 1,472,684 shares were re-designated for cancellation to reduce registered capital.

The company confirmed that the share cancellation complies with all relevant legal requirements and will not significantly impact its financial position, operational results, or debt-paying ability. Haier Smart Home will proceed with the necessary administrative procedures.