Haier Smart Home plans to repurchase 3 billion to 6 billion yuan of A-shares for implementing the company's employee stock ownership plan.

Haier Smart Home (06690) announced that, based on confidence in the company’s future development prospects and high recognition of its value, combined with factors such as the company’s operating situation, main business development prospects, financial status, and future profitability, the company intends to use its own funds and/or self-raised funds (including funds for stock repurchase special loans, etc.) to repurchase a portion of A-share public stock through centralized bidding. This is intended to implement the company’s employee stock ownership plan, further improve the company’s governance structure, establish a long-term incentive and constraint mechanism for the management team’s shareholding, ensure the achievement of the company’s long-term operational goals, promote the alignment of interests and shared benefits among all shareholders, and enhance the overall value of the company. The proposed repurchase amount will not exceed RMB 6 billion (inclusive) and not be less than RMB 3 billion (inclusive), with a maximum repurchase price of 35 yuan/share.

(Author: Liu Chang)

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