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DGAP-CMS: Haier Smart Home Co.,Ltd.: Announcement on the Change in Share Capital of H-Share

DGAP Post-admission Duties announcement: Haier Smart Home Co.,Ltd. / Third country release according to Article 50 Para. 1, No. 2 of the WpHG [the German Securities Trading Act]Haier Smart Home Co.,Ltd.: Announcement on the Change in Share Capital of H-Share

28.02.2022 / 12:51
Dissemination of a Post-admission Duties announcement according to Article 50 Para. 1, No. 2 WpHG transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Third country release according to Article 50 Para. 1, No. 2 of the WpHG

Announcement on the Change in Share Capital of H-Share

Qingdao / Shanghai / Frankfurt / Hongkong, 28 February 2022 – Haier Smart Home Co., Ltd. (the “Company” or “Haier Smart Home“, D-share 690D.DE, A-share 600690.SH, H-share 06690.HK) published an announcement on the Shanghai Stock Exchange with regard to the Change in Share Capital of H-Share.

The details are set out as follows:

Conversion status of H-share related convertible bonds: In the month of February 2022, a cumulative amount of HKD 54,000,000 H-share related convertible bonds were converted into H-shares of the Company, and the cumulative number of H-shares formed as a result of the conversion was 2,906,350 shares, accounting for 0.03% of the total share capital of the Company before the conversion of H-share related convertible bonds in this month. As of 28 February 2022, a cumulative amount of HKD 7,708,000,000 H-share related convertible bonds were converted into H-shares of the Company, and the cumulative number of H-shares formed as a result of the conversion was 409,346,517 shares, accounting for 4.33% of the total share capital of the Company before the conversion of H-share related convertible bonds in this month.

Status of outstanding convertible bonds: As of 28 February 2022, the amount of H-share related convertible bonds not yet converted was HKD 285,000,000, accounting for 3.57% of the total number of H-share related convertible bonds issued.

I. Background of the issuance and listing of convertible bonds

On 27 October 2020, the China Securities Regulatory Commission (CSRC) issued the Approval of Haier Smart Home Co., Ltd. to Issue Overseas Listed Foreign Shares and Convertible Corporate Bonds (CSRC License [2020] No. 2768), approving: (1) Haier Smart Home Co., Ltd. (hereinafter referred to as the “Company”) to issue not more than 2,856,526,138 overseas listed foreign shares (including additional shares issued upon exercise of conversion rights by holders of convertible bonds of not more than HKD 8 billion or equivalent in foreign currencies), with a par value of RMB 1 per share, all of which are ordinary shares. Upon completion of this issuance, the Company may list on the Main Board of The Stock Exchange of Hong Kong Limited (hereinafter referred to as “HKSE”); (2) The Company’s wholly-owned overseas subsidiaries, guaranteed by the Company, will issue overseas corporate bonds not exceeding HKD 8 billion or its equivalent in foreign currency convertible into overseas listed foreign shares of the Company (hereinafter referred to as “H-share convertible bonds”).

On 23 December 2020, 2,448,279,814 H-shares of the Company were listed and traded on the Main Board of The Stock Exchange of Hong Kong Limited and the relevant exchangeable bonds to convertible bonds program became effective and operational after the listing, the total amount of effective H-share convertible bonds was HKD 7,993,000,000.

II. Changes in Share Capital

From 1 February 2022 to 28 February 2022, the changes in the Company’s share capital were as follows:

Class of shares Before the changes
31 January 2022
Number of the current changes (shares) After the changes
28 February 2022
Number of shares (shares) Proportion Number of convertible bonds to shares Number of shares (shares) Proportion
Listed domestic shares (A-shares) 6,308,552,654 66.80% 6,308,552,654 66.78%
Overseas-listed shares (D-shares) 271,013,973 2.87% 271,013,973 2.87%
Overseas-listed shares (H-shares) 2,863,780,781 30.33% +2,906,350 2,866,687,131 30.35%
Total number of shares 9,443,347,408 100.00% +2,906,350 9,446,253,758 100.00%

Note: This Announcement has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.

IR Contact:
Haier Smart Home Hong Kong
T: +852 2169 0000
Email: ir@haier.hk

Press Contact:
CROSS ALLIANCE communication GmbH
Sven Pauly
Sara Pinto
sp@crossalliance.de
T: +49 (0) 89 1250903 35

About Haier Smart Home Co., Ltd.:

Haier is one of the world’s leading manufacturers of household appliances with a focus on smart home solutions and customized mass production. Haier Smart Home Co., Ltd. develops, produces and distributes a wide range of household appliances. These include refrigerators, freezers, washing machines, air conditioners, water heaters, kitchen appliances as well as smaller household appliances and an extensive range of intelligent household appliances. The Company distributes its products through leading household brands such as Haier, Casarte, Leader, Candy, GE Appliances, AQUA and Fisher & Paykel. Haier Smart Home Co., Ltd. has launched Smart Home Experiential Cloud, which connects homes, users, enterprises and ecosystem partners, and facilitates the integration of Haier’s online, offline and micro-store businesses and supports user interaction to further optimize the user experience.

28.02.2022 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

I. Background of the issuance and listing of convertible bonds

Source: https://markets.businessinsider.com/news/stocks/dgap-cms-haier-smart-home-co-ltd-announcement-on-the-change-in-share-capital-of-h-share-1031237631?op=1

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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