Core Viewpoint - The company plans to issue H shares and list them on the Hong Kong Stock Exchange to enhance its capital strength, competitiveness, and international brand image, aligning with its global strategy [2][3][4]. Group 1: H Share Issuance - The Supervisory Board approved the proposal for the issuance of H shares, which will be listed on the Hong Kong Stock Exchange [1][2]. - The issuance aims to meet the needs of the company's international business development and does not harm the interests of shareholders, especially minority investors [2][3]. - The proposed H shares will have a nominal value of RMB 1 and will be offered in foreign currency [2][4]. Group 2: Issuance Plan and Approval - The issuance plan includes both public offerings in Hong Kong and international placements to qualified institutional investors [3][4]. - The final issuance scale will be determined based on market conditions and regulatory approvals, with a maximum of 15% over-allotment option [4][5]. - The pricing of the shares will be market-driven, considering existing shareholders' interests and investor acceptance [5][6]. Group 3: Fund Utilization - The funds raised from the issuance will be used for overseas factory construction, global capacity expansion, and working capital supplementation [9][10]. - The company will have the authority to adjust the specific use of the raised funds based on regulatory feedback and operational needs [10]. Group 4: Corporate Structure Changes - Following the issuance, the company will transition to a foreign-funded joint-stock company, which complies with relevant laws and regulations [7][8]. - The validity period for the resolutions related to the issuance is set for 24 months from the date of approval by the shareholders' meeting [8][12]. Group 5: Previous Fund Usage and Auditing - The Supervisory Board reviewed and approved the report on the usage of previously raised funds, confirming compliance with regulations and no misappropriation of funds [9][10]. - The company has appointed an auditing firm for the H share issuance process [11].

Group 1 - The board of directors of Hisense Home Appliances Group Co., Ltd. held its third interim meeting of the 2025 fiscal year on May 27, 2025, with all nine directors present [1] - The board approved the unlocking of shares under the 2022 A-share employee stock ownership plan, with a total of 3,386,630 shares eligible for unlocking, representing 0.25% of the company's total share capital [2][3] - The board also approved the unlocking of 6,397,866 shares under the 2022 A-share restricted stock incentive plan, which accounts for 0.46% of the company's total share capital [3] Group 2 - The first unlocking period of the 2024 A-share employee stock ownership plan is set to expire on July 15, 2025, with 4,419,638 shares eligible for unlocking, representing 0.32% of the company's total share capital [4] - The board approved a proposal to repurchase and cancel 755,634 shares of restricted stock due to various reasons including employee departures and performance evaluations [5] - The board proposed amendments to the company's articles of association and related rules, including the abolition of the supervisory board, which will be replaced by the audit committee of the board [6] Group 3 - The board proposed to grant general authority to issue A-shares or H-shares, not exceeding 20% of the total issued shares, subject to shareholder approval [7][8] - The board also sought authorization to issue debt financing instruments, including various types of bonds, with a maximum term of 15 years [9][10] - The company plans to provide guarantees for its subsidiaries, with a total guarantee limit of up to RMB 8 billion for 2026 [14][15] Group 4 - The board approved the basic annual salary for the chairman at RMB 1.596 million before tax, which will be submitted for shareholder approval [13] - The board approved the appointment of a securities affairs representative, which will also be disclosed to shareholders [13] - The board proposed to hold the 2024 annual general meeting of shareholders, with all resolutions receiving unanimous support [15]