Stock Code: 000921 stock abbreviation: Hisense Home Appliances Group Co.Ltd(000921) Announcement No.: 2022-001 Hisense Home Appliances Group Co.Ltd(000921)
H-share announcement - subscription of financial products
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Hisense Home Appliances Group Co.Ltd(000921) (the "company") published an announcement on the disclosure website of the stock exchange of Hong Kong Limited (www.hkexnews. HK) on January 17, 2022. In accordance with Article 16.1 of the Listing Rules of Shenzhen Stock Exchange on simultaneous disclosure at home and abroad, the contents of the announcement are disclosed as follows for reference.
It is hereby announced.
Hisense Home Appliances Group Co.Ltd(000921) board of directors January 17, 2022
Bear any liability for any loss arising from reliance on such content.
HISENSE HOME APPLIANCES GROUP CO., LTD.
Hisense Home Appliance Group Co., Ltd
(a joint stock limited company incorporated in the people's Republic of China)
(Stock Code: 00921)
Disclosable transactions
Subscription of financial products
The first meeting of the 10th board of directors in 2021 and the 2020 annual general meeting of shareholders of the company reviewed and approved the proposal on entrusted financial management of the company with its own idle funds on March 30, 2021 and June 25, 2021 respectively, and agreed that the company should improve the efficiency of capital use and increase the income of cash assets on the premise of controlling investment risk, With its own idle funds totaling no more than 10 billion yuan, it entrusts commercial banks, trust companies, securities companies, fund companies, insurance companies, asset management companies and other financial institutions with short-term low-risk investment and wealth management. Reference is made to these industrial bank financial management agreements. Further details of the company and its subsidiaries (as subscribers) hereby subscribing financial products from Industrial Bank and its subsidiaries (as issuers) are set out in the section entitled "list of these industrial bank financial management agreements" in this announcement.
The board of directors is pleased to announce that on January 17, 2022, air conditioning marketing company, a non wholly-owned subsidiary of the company (as the subscriber), entered into the 1st Industrial Bank financial management agreement in 2022 to subscribe for the 1st Industrial Bank financial product in 2022, with a subscription amount of RMB 200000000 (equivalent to about HK $244872972, note 1).
The group uses its own idle funds to pay the subscription amount under these industrial bank financial management agreements.
2022 the first industrial bank wealth management agreement itself does not constitute a transaction to be disclosed by the company in accordance with rule 14.06 of the listing rules. However, according to Article 14.22 of the listing rules, when the relevant subscription amounts under such Societe Generale wealth management agreement are calculated together, the relevant applicable percentage rate (as defined in the Listing Rules) of the transactions under such Societe Generale wealth management agreement exceeds 5% but is less than 25%. Therefore, the transactions under the wealth management agreement of Industrial Bank constitute the disclosable transactions of the company on a consolidated basis, and shall comply with the reporting and announcement requirements under the listing rules.
The first meeting of the 10th board of directors in 2021 and the 2020 annual general meeting of shareholders of the company reviewed and approved the proposal on entrusted financial management of the company with its own idle funds on March 30, 2021 and June 25, 2021 respectively, and agreed that the company should improve the efficiency of capital use and increase the income of cash assets on the premise of controlling investment risk, With its own idle funds totaling no more than 10 billion yuan, it entrusts commercial banks, trust companies, securities companies, fund companies, insurance companies, asset management companies and other financial institutions with short-term low-risk investment and wealth management. Reference is made to these industrial bank financial management agreements. Further details of the company and its subsidiaries (as subscribers) hereby subscribing financial products from Industrial Bank and its subsidiaries (as issuers) are set out in the section entitled "list of these industrial bank financial management agreements" in this announcement.
The board of directors is pleased to announce that on January 17, 2022, air conditioning marketing company, a non wholly-owned subsidiary of the company (as the subscriber), entered into the 1st Industrial Bank financial management agreement in 2022 to subscribe for the 1st Industrial Bank financial product in 2022, with a subscription amount of RMB 200000000 (equivalent to about HK $244872972, note 1). The group uses its own idle funds to pay the subscription amount under these industrial bank financial management agreements. The main terms of the financial management agreement of Industrial Bank subscribed this time are summarized as follows:
2022 1st Industrial Bank financial management agreement
(1) Subscription Date: January 17, 2022
(2) Product Name: Tianli express net worth financial product
(i) Industrial Bank as issuer
(3) Participant: (II) air conditioning marketing company as the subscriber
To the best of the directors' knowledge, knowledge and belief after making all reasonable enquiries, industrial bank and its ultimate beneficial owner are third parties independent of the company and its connected persons.
(4) Product type: fixed income non breakeven floating income open net worth type
(5) Product risk rating: basically no risk
(6) Subscription principal amount: RMB 200000000 (equivalent to about HK $244872972, note 1)
(7) Subscription currency: RMB
(8) Investment period: every working day of this product is an open day for subscription and redemption (except the date when the bank announces the suspension of opening), so the investment period of this product shall be subject to the redemption time of the subscriber.
Expected annualized rate of return: the performance of this product will fluctuate with the market, with uncertainty.
The performance comparison benchmark is the 7-day call deposit interest rate for the same period published by the people's Bank of China (9).
The main investment scope of this product includes:
(i) Money market instruments such as bank deposits, bond reverse repurchase, monetary fund and other inter-bank and exchange financing instruments.
(10) Product investment scope: (II) interbank deposit certificates, treasury bonds, policy financial bonds, central bank bills, short-term financing bonds, ultra short-term financing bonds, medium-term bills, corporate bonds, non-public directional debt financing instruments, asset-backed securities, subordinated bonds and other interbank and exchange market bonds and debt financing instruments, Other fixed income short-term investment instruments.
(III) other creditor's rights assets meeting regulatory requirements.
(11) The redemption application can be submitted from 8:00 to 15:15 every working day (except the date on which the bank announces the suspension of opening). The payment of principal and income shall be transferred to the subscriber's account on the same day.
(12) Early termination right: the subscriber has no early termination right for the industrial bank financial products subscribed this time. In case of adverse circumstances affecting the financial products of Industrial Bank, industrial bank has the right to terminate the subscribed financial products of Industrial Bank in advance.
Reasons and benefits of subscription the approval procedures for the company's subscription of bank financial products comply with the relevant provisions of the company's entrusted financial management system. The subscription for these industrial bank financial products comes from the group's own idle funds. The use of such idle funds for entrusted financial management is conducive to improving the use efficiency of the group's own idle funds, Moreover, it will not have an adverse impact on the daily operation and main business development of the group and the rights and interests of small and medium-sized investors of the company. The board of Directors considers that the subscription of these industrial bank financial products is conducted in accordance with the general commercial terms, fair and reasonable, and in line with the overall interests of the company and shareholders. Meaning under the Listing Rules
2022 the first industrial bank wealth management agreement itself does not constitute a transaction to be disclosed by the company in accordance with rule 14.06 of the listing rules. However, according to Article 14.22 of the listing rules, when the relevant subscription amounts under such Societe Generale wealth management agreement are calculated together, the relevant applicable percentage rate (as defined in the Listing Rules) of the transactions under such Societe Generale wealth management agreement exceeds 5% but is less than 25%. Therefore, the transactions under the wealth management agreement of Industrial Bank constitute the disclosable transactions of the company on a consolidated basis, and shall comply with the reporting and announcement requirements under the listing rules. The company and its subsidiaries are mainly engaged in the R & D, manufacturing and marketing of refrigerators, household air conditioners, central air conditioners, freezers, washing machines, kitchen appliances and other electrical products, as well as automobile air conditioning compressors and integrated thermal management systems. Air conditioning marketing company air conditioning marketing company is a non wholly owned subsidiary of the company established in China, mainly engaged in the sales of refrigeration and air conditioning equipment; Sales of household appliances; Household appliance installation services; Technology services, technology development, technology consultation, technology transfer and technology promotion; Repair of household appliances. Industrial Bank Industrial Bank is a branch of Industrial Bank Co., Ltd., a licensed bank incorporated under the laws of China and listed on the Shanghai Stock Exchange (Stock Code: 601166). Industrial Bank has developed into a modern comprehensive financial service group covering trust, leasing, fund, financial management, futures, asset management, research and consultation, digital finance, etc. Xingyin wealth management is a bank wealth management subsidiary wholly controlled by industrial bank. List of financial management agreements of Industrial Bank
Agreement name agreement date / announcement date financial products subscribed by the subscriber
The first copy of 2021 Xingyin May 13, 2021 (agreement) / the company's 2021 xingyin financial management agreement note 3 financial products on June 16, 2021 (announcement)
2021 2nd Xingyin May 27, 2021 (agreement) / Refrigerator Marketing Company 2021 2nd xingyin financial management agreement note 3 financial products on June 16, 2021 (announcement)
2021 3rd xingyin June 16, 2021 (agreement) / Note 3 of the company's 2021 3rd xingyin financial management agreement (announcement) financial products on June 16, 2021
2021 4th Industrial Bank agreement dated July 5, 2021 (agreement) / Refrigerator Marketing Company 2021 4th Industrial Bank agreement dated July 5, 2021 (announcement) bank financial products
2021 5th Industrial Bank agreement dated July 9, 2021 (agreement) / air conditioning Marketing Company 2021 5th Industrial Bank agreement dated July 9, 2021 (announcement) bank financial products
2021 6th Industrial Bank agreement dated July 29, 2021 (agreement) / Refrigerator Marketing Company 2021 6th Industrial Bank agreement dated July 29, 2021 (announcement) bank financial products
2021 7th Industrial Bank agreement dated August 18, 2021 (agreement) / air conditioning Marketing Company 2021 7th Industrial Bank agreement dated August 18, 2021 (announcement) bank financial products
2021 8th Industrial Bank agreement dated September 17, 2021 (agreement) / air conditioning Marketing Company 2021 8th Industrial Bank agreement dated September 17, 2021 (announcement) bank financial management
