Zheng Quan Zhi Xing·2025-08-29 17:15Core Viewpoint - Haier Smart Home Co., Ltd. plans to change the purpose of repurchased shares from "for equity incentives/employee stock ownership plan" to "for cancellation to reduce registered capital" [1][2] Summary by Sections Repurchase Share Situation - The company initiated a share repurchase plan on March 30, 2022, to buy back A-shares using self-owned funds for employee stock ownership plans or equity incentives [1][2] - As of January 31, 2023, the company repurchased a total of 58,295,455 shares, of which 31,481,400 shares were transferred to the 2025 A-share core employee stock ownership plan [2] Reason and Content of Change in Repurchase Share Purpose - The change in the purpose of repurchased shares is aimed at protecting the interests of investors, with all 1,472,684 shares in the repurchase account to be canceled and the registered capital reduced accordingly [2][3] Expected Changes in Share Capital Structure - Before the cancellation, the total number of shares was 6,254,501,095, which will decrease to 6,253,028,411 after the cancellation of 1,472,684 shares [3] - The overall share structure will remain compliant with listing requirements, with no significant impact on the company's operations or financial status [5] Impact of Change in Repurchase Share Purpose and Cancellation - The change complies with relevant regulations and will not harm the interests of the company or its shareholders, nor will it affect the company's control or listing status [5] Procedures for Change in Repurchase Share Purpose - The change in the purpose of repurchased shares and their cancellation requires approval from the shareholders' meeting, and the board will seek authorization for the management to handle the cancellation procedures [5]