Haier Smart Home announced that its board approved an A-share repurchase programme on 26 March 2026. The plan will run for up to 12 months and targets the company’s employee share ownership plans (ESOPs).

Key terms • Repurchase size: RMB3.00 billion–RMB6.00 billion. • Price ceiling: RMB35.00 per share, equal to 150 % of the average trading price over the 30 trading days preceding board approval. • Estimated volume: 85.71 million–171.43 million A shares, representing 0.91 %–1.83 % of total share capital (9.38 billion shares). • Method: Centralised bidding on the Shanghai Stock Exchange. • Funding: Company’s own cash and/or self-raised funds, including potential special repurchase loans.

Use of shares All repurchased shares will be allocated to ESOPs. Any portion not transferred within 36 months after completion of the buyback will be cancelled, with a corresponding capital reduction.

Implementation triggers The programme will terminate early if (1) the RMB6.00 billion cap is reached, (2) the RMB3.00 billion minimum is met and management decides to stop based on market or ESOP needs, or (3) the board resolves to terminate the plan.

Financial impact As of 31 December 2025, Haier Smart Home reported: • Total assets: RMB295.80 billion • Monetary funds: RMB47.62 billion • Net assets attributable to shareholders: RMB118.70 billion If the maximum RMB6.00 billion is deployed, the outlay would equal 2.03 % of total assets and 5.05 % of shareholders’ equity. Management stated that the buyback will not materially affect daily operations, R&D investment, debt-servicing capacity, or the company’s listing status.

Governance and authorisations The board has empowered management to open dedicated repurchase accounts, arrange financing, determine execution timing and volume, and handle any adjustments or termination decisions in line with regulations. Two special securities accounts (B883897641 and B887231449) have already been established for the transactions.

Risk reminders Execution could be limited by market price movements, significant corporate events, regulatory changes, or ESOP adoption outcomes. The company will provide timely disclosures on repurchase progress.