Hisense Home Appliances subsidiaries subscribe to wealth management products

Hisense Home Appliances Group Co., Ltd. announced that its subsidiaries, including Air Conditioning Marketing Company, Electrical Appliance Company, GULUONI Company, and Refrigerator Marketing Company, subscribed to wealth management products from Jingu Trust amounting to RMB 1.892 bn. The subscriptions occurred between October 14, 2025, and December 19, 2025. These are funded by the Group's idle funds, aimed at improving capital utilization and increasing returns on cash assets.

The aggregate amount of these subscriptions is a discloseable transaction under Chapter 14 of the Listing Rules. The board believes these transactions, conducted on normal commercial terms, are fair and reasonable and in the overall interest of the Company and its shareholders. The wealth management products are primarily fixed-income, classified as low-to-medium risk, with expected annualized returns subject to market fluctuations.

This latest round of subscriptions follows previous approvals by the Company's Twelfth Board of Directors in March 2025 and the 2024 Annual General Meeting in June 2025. These authorizations allowed the use of up to RMB 23 bn of idle funds for investment in short-to-medium risk financial products offered by various financial institutions.