DGAP-News: Haier Smart Home Co., Ltd.: Various Announcements as well as related opinions

Announcements on the Resolutions of the 5^th Meeting of the Tenth Session of the Board of Directors of Haier Smart Home Co., Ltd. (the "Company") on (i) the Early Redemption of Haier Convertible Bonds, (ii) on the Capital Increase by Haier Group Corporation in the Subsidiaries of the Company and Related Party Transaction, (iii) on Amending the Articles of Association and (iv) on amending the Rules of Procedure for the Shareholders' General Meeting, as well as on the Resolutions of the 5^th Meeting of the Tenth Session of the Supervisory Committee of the Company on item (ii) above and Independent Opinions Given by the Independent Directors of the Company on item (ii) above

Qingdao / Shanghai / Frankfurt, 21 November 2019 - Haier Smart Home Co., Ltd. (D-Share ISIN CNE1000031C1, A-Share ISIN CNE000000CG9, "Haier Smart Home" or the "Company") published mandatory announcements in accordance with applicable trading rules of the Shanghai Stock Exchange and applicable PRC laws in relation to:

- Resolutions of the 5th Meeting of the Tenth Session of the Board of Directors of Haier Smart Home Co., Ltd. (the "Company") on (i) the Early Redemption of Haier Convertible Bonds, (ii) on the Capital Increase by Haier Group Corporation in the Subsidiaries of the Company and Related Party Transaction, (iii) on Amending the Articles of Association and (iv) on amending the Rules of Procedure for the Shareholders' General Meeting;

- Resolutions of the 5th Meeting of the Tenth Session of the Supervisory Committee of the Company on item (ii) above; and

- Independent Opinions Given by the Independent Directors of the Company on item (ii) above.

Concerning the early redemption of the Haier Convertible Bond, the Board of Directors agreed to exercise the right of early redemption of "Haier Convertible Bonds" to redeem all "Haier Convertible Bonds" which appeared on the register on the redemption record date. For details, please refer to the Indicative Announcement on Early Redemption of "Haier Convertible Bonds" of Haier Smart Home Co., Ltd. (No.: L2019-077.

For details regarding the proposal on the Capital Increase by Haier Group Corporation in the Subsidiaries of the Company and Related Party Transaction, please refer to the Announcement of Haier Smart Home Co., Ltd. on Capital Increase by Haier Group to the Subsidiaries of the Company and Related-Party Transaction (No.: L2019-78).

With regard to the Articles of Association, it is of particular importance that in future, the Company must give written notice 20 days (previously: 45 days) before the meeting if it decides to convene an ordinary general meeting; and if the Company decides to convene an extraordinary general meeting, it must give written notice 15 days (previously: 45 days) before the meeting. For details of this proposal, please refer to the Announcement on Amending the "Articles of Association" of Haier Smart Home Co., Ltd. (No.: L2019-079).

For details of the amendments of the Rules of Procedure for the Shareholders' General Meeting, please refer to the appendix of the announcement of the Resolutions of the 5th Meeting of the Tenth Session of the Board of Directors of Haier Smart Home Co., Ltd.: Proposed Amendments on the "Rules of Procedure for the Shareholders' General Meeting of Haier Smart Home Co., Ltd".

For more information, please see the full announcements published on Company's website under http://www.haier.net/en/investor_relations/haier/gsgg/corporatenews/.

About Haier Smart Home Co., Ltd.:
Haier is one of the world's leading manufacturers of household appliances with a focus on smart home solutions and customized mass production. Haier Smart Home Co., Ltd. develops, produces and distributes a wide range of household appliances. These include refrigerators, freezers, washing machines, air conditioners, water heaters, kitchen appliances as well as smaller household appliances and an extensive range of intelligent household appliances. The Company distributes its products through leading household brands such as Haier, Casarte, Leader, Candy, GE Appliances, AQUA and Fisher & Paykel. Haier Smart Home Co., Ltd. has developed three platforms - the cloud-based platform U+ Smart Life, which offers customers integrated smart home solutions, the smart manufacturing platform COSMOPlat, which enables customized mass production, and the online platform Shunguang, which facilitates the integration of Haier's online, offline and micro-store businesses and supports user interaction to further optimize the user experience.

IR contact:
Yao Sun (Sophie) - Haier Smart Home Germany
T: +49 6172 9454 143
F: +49 6172 9454 42143
M: +49 160 9469 3601
Email: [email protected]