Hisense Home Appliances Group Co., Ltd. Announcement on Using Idle Funds to Purchase Low- to Medium-Risk Fixed Income Products

Log in to the Sina Finance app, search for 【information disclosure】, and view more evaluation tiers

Stock code: 000921 Stock abbreviation: Hisense Home Appliances Announcement No.: 2026-012

Hisense Home Appliances Group Co., Ltd.

Announcement on the purchase of short- to medium-term low-risk fixed-income products using the Company’s own idle funds

The Company and all members of the Board of Directors warrant that the content of the information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or material omissions.

Key highlights:

1. Investment type: Hisense Home Appliances Group Co., Ltd. (the “Company”) plans to use its own idle funds to commission financial institutions such as commercial banks, trust companies, securities companies, fund companies, insurance companies, and asset management companies to purchase short-term low- to medium-risk fixed-income products.

2. Investment amount: The Company’s business of purchasing low- to medium-risk fixed-income products is planned to use a total额度 of no more than RMB 23 billion. The usage period of the额度 shall be within 12 months from the date on which the resolution of the Company’s shareholders’ meeting is approved. Within the above usage period and额度 range, the transaction amount may be used on a revolving basis, but the transaction amount at any given point in time shall not exceed RMB 23 billion.

3. Special risk disclosure: Even though the Company carries out purchases of low- to medium-risk fixed-income products, certain market risks, liquidity risks, force majeure risks, and other risks still exist. Investors are kindly reminded to pay attention to investment risks.

On March 30, 2026, the Company held its 12th session of the Board of Directors, the First Meeting of 2026, at which the resolution on “the purchase of short- to medium-term low-risk fixed-income products using the Company’s own idle funds” was considered and approved. The Company agreed that, under the premise of controlling investment risk, it will, as a principle to improve the efficiency of funds usage and increase returns on cash assets, use a total amount of no more than RMB 23 billion of its own idle funds to commission financial institutions such as commercial banks, trust companies, securities companies, fund companies, insurance companies, and asset management companies to purchase short-term low- to medium-risk fixed-income products, as detailed below:

I. Overview of the transaction

1. Background and purpose of the transaction

With the Company’s operating performance continuing to improve and overseas business growing steadily, and with the effective safeguarding of dividend payouts compared with the previous dividend year (fiscal year 2024), the Company’s monetary funds are expected to further increase. To improve the efficiency of fund utilization, and achieve preservation and appreciation of assets, and to create greater returns for the Company and its shareholders, under the premise of ensuring that normal production and business operations are not affected and that risks are effectively controlled, the Company plans to use a total额度 of no more than RMB 23 billion of its own funds to purchase short-term low- to medium-risk fixed-income products.

The Company’s purchase of low- to medium-risk fixed-income products of up to RMB 23 billion using idle funds enables centralized management of scaled idle funds. It helps to obtain better overall return on investment within a risk-controlled range through diversified, professional investment portfolio allocation. The Company strictly selects qualified professional wealth-management institutions as the entrusted parties that have good credit standing and financial conditions, no record of unethical credit issues, and strong profitability. The Company will continuously carry out dynamic tracking and assessment of the operation of low- to medium-risk fixed-income products to ensure effective management of the safety and liquidity of wealth-management funds.

2. Investment amount

The Company’s purchase of low- to medium-risk fixed-income products is planned to use a total额度 of no more than RMB 23 billion, and the above fund额度 may be used on a rolling basis.

3. Investment method

The funds for the Company’s purchase of low- to medium-risk fixed-income products are used to commission financial institutions such as commercial banks, trust companies, securities companies, fund companies, insurance companies, and asset management companies, and are not used to invest in securities investment funds, commissioned wealth-management products, and other investment products whose investment scope involves trading in the secondary stock market.

4. Investment term

The usage period of the额度 for the Company’s purchase of low- to medium-risk fixed-income products shall be within 12 months from the date the resolutions of the Company’s shareholders’ meeting are approved. Within the above usage period, the transaction amount may be used on a revolving basis; however, the transaction amount at any given point in time shall not exceed RMB 23 billion.

5. Source of funds

The funds used by the Company to purchase low- to medium-risk fixed-income products are the Company’s own idle funds, and the source of funds is lawful and compliant.

II. Approval procedures required to be fulfilled

On March 30, 2026, the Company held its 12th session of the Board of Directors, the First Meeting of 2026, and considered and approved the resolution on “the purchase of short- to medium-term low-risk fixed-income products using the Company’s own idle funds.” The Company agreed that, under the premise of controlling investment risk, it will, as a principle to improve the efficiency of funds usage and increase returns on cash assets, use a total amount of no more than RMB 23 billion of its own idle funds to commission financial institutions such as commercial banks, trust companies, securities companies, fund companies, insurance companies, and asset management companies to purchase short-term low- to medium-risk fixed-income products. The usage period of the额度 shall be within 12 months from the date on which the resolution of the Company’s shareholders’ meeting is approved. Within the above usage period, the transaction amount may be used on a revolving basis; however, the transaction amount at any given point in time shall not exceed RMB 23 billion.

This resolution is still subject to approval by the Company’s shareholders’ meeting.

III. Analysis of transaction risks and risk control measures

(I) Analysis of transaction risks

The Company’s use of idle funds to purchase short-term low- to medium-risk fixed-income products is a wealth-management approach to improve the efficiency of idle fund utilization under the premise that risks are controllable. However, the Company’s purchase of low- to medium-risk fixed-income products still entails certain risks such as market risk, liquidity risk, force majeure risk, and other factors that may affect results, and actual returns are not certain.

(II) Risk control measures

The Company strictly selects qualified professional wealth-management institutions as the entrusted parties with good credit standing and financial conditions, no record of unethical credit issues, and strong profitability. The Company will continuously conduct dynamic tracking and assessment of the operation of low- to medium-risk fixed-income products to ensure effective management of the safety and liquidity of funds for purchasing low- to medium-risk fixed-income products.

The Company’s Board of Directors has formulated the “Administrative Measures for Commissioned Wealth Management,” which includes detailed provisions on approval authority, execution procedures, accounting management, risk control, and other aspects related to the purchase of low- to medium-risk fixed-income products, in order to effectively prevent investment risks and ensure fund safety.

The Company’s Operations and Finance Management Department is the department responsible for centralized management of wealth management. It is responsible for feasibility analysis of the source of funds and investment scale and expected returns, and for risk assessments of entrusted parties’ credit standing and investment varieties, etc. Where necessary, it will engage external professional institutions to provide investment advisory services; it will supervise the execution progress of purchase activities and implement risk control systems; and it will track the receipt of principal and returns upon maturity in a timely and sufficient manner.

The Company’s Audit Department conducts daily supervision and periodically audits and verifies the use of funds.

The Company assigns dedicated personnel to track the progress of investments already made and the status of investment safety. If any abnormal situation occurs, it promptly reports to the Board of Directors to take effective measures to recover funds, thereby avoiding or reducing losses to the Company.

Independent non-executive directors have the right to inspect wealth-management activities. Where necessary, upon the proposal of two or more independent non-executive directors, independent external audit institutions may be engaged to conduct special audits of wealth management. The audit committee of the Board of Directors has the right to inspect and supervise the use of funds on a regular or irregular basis.

IV. Impact on the Company from purchasing low- to medium-risk fixed-income products

The Company has conducted sufficient estimates and calculations regarding the risks and returns of its purchases of low- to medium-risk fixed-income products, as well as future capital needs. The use of the corresponding funds will not affect the Company’s day-to-day operations and the development of its principal business, and is conducive to improving the efficiency of the Company’s use of idle funds. As of the disclosure date of this announcement, the Company’s historical purchases of low- to medium-risk fixed-income products have strictly complied with the above measures. No overdue situations have occurred, and no principal losses have occurred.

In accordance with relevant provisions and guidance of such standards as “Accounting Standard for Enterprises No. 22—Recognition and Measurement of Financial Instruments,” “Accounting Standard for Enterprises No. 37—Presentation of Financial Instruments,” and “Accounting Standard for Enterprises No. 39—Fair Value Measurement,” the Company will perform corresponding accounting treatment for purchases of fixed-income products, and reflect them in the relevant items in the balance sheet and the income statement.

V. Documents for inspection

The resolutions of the first meeting of the 12th session of the Board of Directors in 2026, signed by the directors attending the meeting and stamped with the seal of the Board of Directors.

This announcement is hereby issued.

Board of Directors of Hisense Home Appliances Group Co., Ltd.

March 30, 2026

Vast amounts of information and precise interpretation are available on the Sina Finance app