Hisense Home Appliances subscribes to CNY 1.75bn wealth products

Hisense Home Appliances Group (SZSE:000921) announced its subscription to wealth management products issued by Chongqing Trust, with a total investment of CNY 1,748,217,934.85 between September 10, 2024, and June 26, 2025. This investment, made by its subsidiary, Hisense Refrigerator Marketing, aims to improve the use of the company's idle funds while adhering to a controlled risk framework. The products invested in are low-to-medium risk and include fixed income assets. The company stated that the transactions were conducted on normal commercial terms and are fair and reasonable, aligning with the interests of both the company and its shareholders, and will not negatively affect the interests of small and medium-sized investors. The board of directors approved the transactions.