Group 1 - Xiaomi aims to become a top player in the air conditioning market in mainland China by 2030, with a sales target of being third in the market this year [1] - The air conditioning market is currently experiencing a price war, intensified by Xiaomi's aggressive pricing strategy [6][8] - Xiaomi's air conditioning business has shown rapid growth, with Q1 revenue from IoT and lifestyle products reaching 32.3 billion yuan, a year-on-year increase of 58.7% [2] Group 2 - Xiaomi's air conditioning shipment exceeded 1.1 million units in Q1, representing a growth rate of over 65%, but this is still small compared to the overall market [2] - The company plans to increase its offline presence by adding 5,000 more Xiaomi stores this year, enhancing both quantity and quality of retail locations [3] - The air conditioning market is entering a phase of stock competition, with Xiaomi's growth coming at the expense of other manufacturers [4] Group 3 - Major competitors like Gree and Midea are responding to Xiaomi's market entry by adopting similar low-price strategies [7] - The online air conditioning market shares for April showed Midea at approximately 25.5%, Gree at 24%, and Xiaomi at 14.5%, while in the offline market, Gree and Midea significantly outperformed Xiaomi [5] - The price war is expected to escalate during the upcoming 618 shopping festival, with Xiaomi's air conditioning products priced lower than those of its competitors [6][8]

Core Viewpoint - Haier Smart Home is in a favorable position despite the complex market situation regarding North American tariffs, leveraging strong supply chains in Mexico and Thailand while maintaining the largest market share in North America's home appliance sector [1] Group 1: Market Position - The company holds the number one market share in the North American home appliance market [1] - The overall market situation regarding tariffs is described as complex [1] Group 2: Supply Chain Strength - Haier has a robust supply chain system not only in North America but also in Mexico and Thailand [1] Group 3: Future Growth Opportunities - The company plans to explore new industries such as air and water, which are expected to contribute to future growth [1]

Core Insights - The article discusses the challenges of air quality across different regions in China, highlighting issues such as humidity, dust storms, and temperature fluctuations that traditional air conditioning units struggle to address [1] - Haier Air Conditioning is launching a "Health Train" initiative to provide tailored solutions for air quality issues, utilizing AI technology to create a five-dimensional approach to air management [1][3] Group 1 - The article outlines various air quality problems faced in different regions, including high humidity in the south, dust storms in the north, and temperature extremes in Xinjiang [1] - Traditional air conditioning units are criticized for their inability to effectively manage air quality issues, leading to user dissatisfaction [1] - Haier's "Health Train" aims to address these challenges by offering customized solutions that improve air quality while providing cooling [1][3] Group 2 - The first stop of Haier's "Health Train" is in Urumqi, where solutions are specifically designed to combat the dry heat, temperature variations, and dust storms prevalent in the region [3] - The event promises to demonstrate how air conditioning can transform indoor air quality, turning a room affected by dust storms into a "forest oxygen bar" [3] - Haier encourages public engagement through a live streaming event to showcase the effectiveness of their air quality solutions [3]

Core Points - Haier Smart Home Co., Ltd. has received general authorization from its board to repurchase up to 10% of its issued H shares and 30% of its issued D shares [1] - The company will cancel the repurchased shares, leading to a corresponding reduction in its registered capital [1] - Creditors have the right to declare their claims starting from May 29, 2025, and must do so within specified timeframes [1][2] Summary by Sections Share Repurchase Authorization - The board of Haier Smart Home has been authorized to decide on the repurchase of up to 10% of the total issued H shares and 30% of the total issued D shares [1] - This decision was approved during the first D and H shareholders' meetings in May 2025 [1] Creditor Notification - Creditors can declare their claims from the announcement date, with a 30-day period for those receiving written notice and a 45-day period for others [1] - Claims must be supported by valid documentation proving the debt relationship [2] Claim Submission Process - Creditors must provide original and copies of relevant documents when declaring their claims [2] - Specific instructions are provided for both postal and fax submissions, including contact details and requirements for different types of creditors [2]

General Principles - The company establishes a fair decision-making system for related transactions to ensure compliance with laws and regulations, protecting the interests of the company and all shareholders [1][2][3] - Related transactions are defined as transactions between the company, its subsidiaries, and related parties, adhering to the definitions set by relevant stock exchange rules [2][3] Basic Principles of Related Transactions - Related transactions must follow principles of equality, voluntariness, equivalence, and fairness, ensuring they align with the overall interests of the company and shareholders [2][4] - Shareholders and directors with a related interest must abstain from voting on related transaction matters [2][4] Scope of Related Parties and Transactions - Related parties include individuals and entities defined by stock exchange rules, such as major shareholders and directors [3][5] - The company must disclose related transactions that meet specific thresholds, including asset purchases and financial assistance [6][7] Management of Related Transactions - Departments must report details of proposed related transactions to the securities department for preliminary review [11][12] - The company must comply with stock exchange rules regarding the approval process for related transactions, including necessary disclosures [14][15] Decision-Making Procedures - Related transactions exceeding certain financial thresholds require approval from the board of directors or shareholders [16][17] - Independent directors must provide opinions on the fairness and reasonableness of related transactions [19][20] Information Disclosure - The company must disclose related transactions promptly after board or shareholder approval, adhering to stock exchange requirements [24][25] - Continuous related transactions must be disclosed in annual and semi-annual reports, including their execution status [18][19] Exemptions and Special Cases - Certain transactions may be exempt from disclosure and approval requirements if they meet specific criteria, such as low financial thresholds or being part of regular business operations [28][29] - The company must ensure that any financial services agreements with related parties are disclosed, including terms and conditions [22][23]

Core Points - The article outlines the management measures for Haier Smart Home Co., Ltd.'s bulk raw material hedging business, emphasizing the need for compliance with relevant laws and regulations to protect company assets and investor interests [2][3] - The hedging business aims to lock in raw material procurement costs through futures and options trading, mitigating risks associated with price fluctuations in the spot market [2][3] Group 1: General Provisions - The measures apply to all relevant departments and personnel of the company and its wholly-owned subsidiaries, which may develop supplementary measures based on these guidelines [2] - The total annual hedging volume and capital must be approved by the company's executive office, board of directors, or shareholders' meeting [3] Group 2: Organizational Structure and Responsibilities - The board of directors authorizes the management to establish a hedging business leadership group responsible for defining the scope, principles, and annual plans for the hedging business [6] - A working group under the leadership group is responsible for executing the hedging transactions and ensuring proper separation of duties among its members [6][7] Group 3: Authorization Management - The company implements a hierarchical authorization management system for hedging operations, requiring approval for transactions exceeding the authorized limits [8][10] - Any changes in authorized personnel must be communicated immediately to all relevant parties [10] Group 4: Business Processes - The working group must develop hedging plans based on various factors, including operational goals, market conditions, and risk assessments [11] - Hedging plans must be submitted for approval and executed strictly according to the approved guidelines [11][12] Group 5: Risk Management - The finance department is responsible for monitoring risks associated with the hedging business and ensuring compliance with internal control policies [18][19] - A risk measurement system is established to monitor changes in funding risks, including margin requirements and potential losses [19] Group 6: Documentation Management - The company is required to maintain records of all hedging transactions and related documents for a minimum of seven years [23] Group 7: Implementation and Amendments - The measures are to be implemented upon approval by the shareholders' meeting and can be amended following the same process [24]

Core Points - The document outlines the rules for the board of directors of Haier Smart Home Co., Ltd, aiming to enhance governance structure and ensure effective board operations [1][2][3] Group 1: General Principles - The rules are established in accordance with various laws and regulations, including the Company Law of the People's Republic of China and the Corporate Governance Guidelines [1] - The board consists of 8 to 13 directors, including 3 to 5 independent directors and 1 employee representative [1][2] Group 2: Board Authority - The board has the authority to make decisions on significant matters such as share acquisitions, external guarantees, financial assistance, and related party transactions [2][4] - A two-thirds majority is required for certain resolutions, while others can be passed with a simple majority [2] Group 3: Chairman and Vice Chairman - The chairman and vice chairman are elected by the board for a term of three years, with the possibility of re-election [3] - The chairman has special disposal rights and must report to the board and shareholders on significant matters [3][4] Group 4: Board Secretary - The board secretary is a senior management position responsible for coordinating information disclosure and managing investor relations [4][5] - The secretary must possess necessary professional knowledge and experience, and is appointed by the board [4][5] Group 5: Board Meetings - The board must hold at least four meetings annually, with notifications sent at least 14 days in advance for regular meetings [9][10] - Decisions require a majority presence of directors, and voting can be conducted through various means including teleconferencing [11][12] Group 6: Decision-Making and Accountability - Board resolutions must be recorded, and directors are accountable for decisions that violate laws or regulations [12][13] - The rules allow for modifications based on legal requirements and company circumstances, subject to shareholder approval [13]

Core Points - Haier Smart Home Co., Ltd. will hold a performance briefing for the fiscal year 2024 and the first quarter of 2025 on June 4, 2025, from 15:00 to 16:00 [1][2] - The meeting will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [2][3] - Key executives, including the Chairman, President, CFO, and Investor Relations Director, will participate in the meeting [2] Meeting Details - **Date and Time**: June 4, 2025, from 15:00 to 16:00 [1][2] - **Location**: Shanghai Stock Exchange Roadshow Center (website: https://roadshow.sseinfo.com/) [1][2] - **Participation Method**: Investors can log in to the Roadshow Center to participate and ask questions [2][3] Investor Engagement - Investors can submit questions via email (finance@haier.com) or through the Roadshow Center's pre-submission section until June 3, 2025, at 16:00 [1][3] - The company will address commonly asked questions during the briefing [2][3] Contact Information - **Department**: Securities Department of Haier Smart Home Co., Ltd. [3] - **Phone**: 0532-8893 1670 [3] - **Email**: finance@haier.com [3]

Core Viewpoint - Haier Smart Home Co., Ltd. held its first meeting of the 12th Board of Directors on May 28, 2025, where several key resolutions were passed regarding the election of board members and the appointment of executives [1][2][3][4]. Group 1: Board Elections - Li Huagang was elected as the Chairman of the Board, serving as the legal representative of the company for the term of the 12th Board [1]. - Gong Wei was elected as the Vice Chairman of the Board, with a term aligned with the 12th Board [2]. - Li Huagang was appointed as the Director of the Board's Strategic Committee, with other members including Wu Qi, Li Shipeng, Gong Wei, Qian Daqun, Kevin Nolan, and Wang Hua [2]. - Li Shipeng was elected as the Director of the Board's Nomination Committee, with members Wu Qi, Sun Danfeng, and Wang Keqin [2]. - Wang Keqin was appointed as the Director of the Board's Audit Committee, with members Yu Handu, Wang Hua, Wu Qi, and Li Shaohua [2][3]. Group 2: Executive Appointments - Li Huagang was appointed as the President of the company, with a term consistent with the 12th Board [3][4]. - The Board approved the appointment of several Vice Presidents and other senior executives, including James Qun Liu as Vice President responsible for capital market operations and company strategy [4]. - Sun Jiacheng was appointed as the Chief Financial Officer, with a term aligned with the 12th Board [4]. - Liu Xiaomei was appointed as the Board Secretary, and Liu Tao and Wu Zhixian were appointed as securities representatives for A and D shares, respectively [4].

Core Viewpoint - The legal opinion letter from Beijing Zhonglun Law Firm confirms that Haier Smart Home Co., Ltd. has complied with relevant laws and regulations in convening its shareholder meetings for 2024 and 2025, including the annual general meeting and special meetings for A, D, and H shares [1][3][9]. Group 1: Meeting Summons - The company has issued notifications for the 2024 annual general meeting and the 2025 first A, D, and H share meetings, ensuring compliance with the Company Law and Securities Law [4][6]. - The notifications were published on various platforms, including the Shanghai Stock Exchange and German information disclosure platforms, to ensure transparency [4][6]. Group 2: Meeting Procedures - The meetings will be conducted using a combination of on-site, non-site, and online voting methods, with specific times allocated for each voting method [5][15]. - The first D and H share meetings are scheduled to take place on May 28, 2025, at the Haier Co-Creation Ecological Park in Qingdao [5][15]. Group 3: Attendance and Voting Results - For the 2024 annual general meeting, a total of 2,088 shareholders participated, representing 64.05% of the voting shares [10]. - The voting results showed overwhelming support for the proposals, with A shares receiving 99.9258% approval, D shares 99.9352%, and H shares 98.8970% [16][18]. - For the 2025 first A share meeting, 2,049 shareholders participated, representing 63.94% of the voting shares, with similar high approval rates for the proposals [11][19].