Qingdao Hisense Intelligent Electronic Technology Co., Ltd. announced that it has entered into capital increase agreement to issue 288,461,539 at a price of CNY 1.04 for CNY 300,000,001 on March 29, 2024. The transaction will include participation from new investor, Hisense Home Appliances Group Co., Ltd. for CNY 147,000,000 for 141,346,154 shares for 12.14% stake, and returning investor, Hisense Visual Technology Co., Ltd. for 153,000,000 for 147,115,385 shares for 87.86% stake. The transaction is expected to close on December 31, 2024. This agreement had been reviewed and approved in the Company?s 38th meeting of the 9th board of directors and does not need to be submitted to the shareholders? meeting for review. The transaction has been approved in the Company?s 11th session of the Board of Directors in the 1st meeting of 2024.

On the same date, the company has received CNY 200,000,001 from new investor, Hisense Home Appliances Group Co., Ltd. for CNY 98,000,000, and returning investor,Hisense Visual Technology Co., Ltd. for CNY 102,000,000.