Hisense Home Appliances Group Co., Ltd. (00921) released a supplemental announcement regarding the connected transaction of acquiring equity interests in a target company. The transaction involves a 26.0006% stake, referencing a valuation benchmark date of 30 June 2025.

The target company’s total appraised value was approximately RMB578.8479 million, derived through the income approach. After a dividend distribution of RMB56,213,383.05, the consideration for the 26.0006% equity amounted to RMB94,290,516.95. The discounted future cash flow method constituted a profit forecast under Hong Kong’s Listing Rules.

In the valuation, the income approach was deemed to capture intangible assets, management expertise, and brand advantages more comprehensively than the asset-based approach. The asset-based method was considered less reflective of intangible factors such as accumulated market goodwill and operational efficiency.

ShineWing Certified Public Accountants and an independent valuer, Qingdao Deming Asset Evaluation Co., Ltd., were engaged for the appraisal and related professional opinions. Both parties confirmed the methodology used and consented to the release of their conclusions in the supplemental announcement.