Haier Smart Home: Announcement on the Results of Issuance of the First Tranche of Super Short-term Commercial Papers of 2020

Haier Smart Home: Announcement on the Results of Issuance of the First Tranche of Super Short-term Commercial Papers of 2020

Qingdao / Shanghai / Frankfurt, 20 July 2020 - Haier Smart Home Co., Ltd. (D-Share ISIN CNE1000031C1, A-Share ISIN CNE000000CG9, "Haier Smart Home" or the "Company") has considered and approved the Proposal on the Proposed Registration and Issuance of Debt Financing Instruments of Haier Smart Home Co., Ltd. at the 2019 Annual General Meeting, pursuant to which, it was agreed that the Company intends to apply for debt financing instruments with a total registration amount not exceeding RMB 15 billion (inclusive) to the National Association of Financial Market Institutional Investors. Among of which, the amount of super short-term commercial papers of proposed registration will not exceed RMB 10 billion (inclusive) and the amount of medium-term notes of proposed registration will not exceed RMB 5 billion (inclusive). For details, please refer to the Announcement on the Proposed Registration and Issuance of Debt Financing Instruments of Haier Smart Home Co., Ltd. (No.: L2020-019) and the Announcement of Resolutions at the 2019 Annual General Meeting of Shareholders of Haier Smart Home Co.,Ltd. (No.: L2020-029), which were disclosed on the website of Shanghai Stock Exchange (www.sse.com.cn) and relevant websites by the Company on 30 April 2020 and 4 June 2020, respectively.

The National Association of Financial Market Institutional Investors convened the 85th Registration Meeting of 2020 on 10 July 2020, pursuant to which, it was agreed to accept the registration of the super short-term commercial papers and medium-term notes of the Company, and issue the Notice of Registration Acceptance to them respectively. For details, please refer to the Announcement on the Approval of Registration of Debt Financing Instruments by the National Association of Financial Market Institutional Investors of Haier Smart Home Co.,Ltd. (No.: L2020-033), which was disclosed on the website of Shanghai Stock Exchange and relevant websites by the Company on 16 July 2020.

On 17 July 2020, the Company issued the first tranche of super short-term commercial papers of 2020 pursuant to the funding arrangement of the Company and the conditions of the inter-bank market, and the information of the issuance are as follows:

The relevant documents in relation to the issuance of the first tranche has been published on the websites of Shanghai Clearing House (http://www.shclearing.com) and China Money (www.chinamoney.com.cn).

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 Haier Smart Home APP, 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: y.sun@haier.de