Haier Smart Home: Plans to repurchase A-shares worth 3 billion to 6 billion yuan

Haier Smart Home’s announcement states that the company plans to use its own funds and/or self-raised funds to repurchase A-share stocks through centralized bidding transactions. The repurchase amount will not be less than RMB 3.0 billion and not exceed RMB 6.0 billion, and the repurchase price will not exceed RMB 35 per share. The shares repurchased in this transaction will be used for an employee share ownership plan. If the intended purpose is not implemented within 36 months after the completion of the repurchase, the unused portion will be legally canceled. The repurchase period will be within 12 months from the date on which the board of directors approves the matter.

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