HISENSE Home Appliances Group Co., Ltd. (HISENSE HA) disclosed that between 27 November 2025 and 22 April 2026 it and six wholly-owned subsidiaries signed 18 Wealth Management Agreements with Alltrust Insurance Asset Management, committing an aggregate RMB1.72 billion (approximately USD240 million).

The funds were drawn entirely from the Group’s idle cash under a mandate approved by directors on 28 March 2025 and ratified by shareholders on 25 June 2025, which authorises the deployment of up to RMB23 billion for short-term, medium- to low-risk investments.

Product profile • Structure: Fixed-income, low-risk wealth-management products (Yongying Anxiang No.1 series) • Benchmark return: People’s Bank of China one-year deposit rate (pre-tax) • Investment scope: Liquid and other fixed-income assets • Tenor: Open-ended—redemption at the subscriber’s discretion • Counterparty: Alltrust Insurance Asset Management Co., Ltd., a wholly-owned subsidiary of Alltrust Insurance Company Limited

Transaction breakdown • 18 individual subscriptions ranging from RMB10.00 million to RMB270.00 million • Largest single placement: RMB270.00 million by Refrigerator Marketing Company on 3 December 2025 • Refrigerator Marketing Company accounted for 63% of total subscriptions (RMB1.08 billion)

Regulatory classification Each agreement is below the Hong Kong Listing Rules’ 5% transaction threshold; however, when aggregated, the percentage ratios exceed 5% but remain below 25%, qualifying the series as discloseable transactions. Consequently, the Company is required to report and announce the dealings but is not required to seek shareholder approval.

Management rationale The Board stated that employing idle self-owned funds in low-risk fixed-income products enhances capital utilisation without hindering day-to-day operations or planned business development. The terms are considered normal commercial terms and in the interests of all shareholders.