Hisense Home Appliances subsidiaries invest 1.76 bn yuan in wealth products

Hisense Home Appliances Group announced that its subsidiaries, Air Conditioning Marketing Company and Refrigerator Marketing Company, have subscribed to a total of 1,760,000,000 yuan in wealth management products from Huaxia Wealth Management. The subscriptions occurred between May 8, 2025, and December 12, 2025, using the group's own idle funds.

These transactions involve multiple agreements, with individual subscriptions ranging from 100,000,000 yuan to 350,000,000 yuan. While each agreement on its own did not trigger disclosure requirements, the aggregate value mandates a disclosure. All products are fixed-income, low-to-medium risk, and their performance is subject to market fluctuations.

The board approved the investment in wealth management products as part of a strategy to enhance capital efficiency and increase returns on cash assets, within a total limit of 23,000,000,000 yuan for short-term, low-to-medium risk investments. This decision is deemed fair and reasonable and in the overall interest of the company and its shareholders.