Hisense Home Appliances Group Co.,Ltd. (000921.SZ) announced that the company's board of directors has approved the "Proposal on Purchasing Equity from Hisense Visual Technology Co., Ltd. and Related Party Transaction," the "Proposal on Selling Assets to Hisense Visual Technology Co., Ltd. and Related Party Transaction," and the "Proposal on Selling Assets to Guangdong Hisense Electronics Co., Ltd. and Related Party Transaction."

The company's wholly-owned subsidiary, Qingdao Hisense Mould Co., Ltd. (Hisense Mould), has signed an "Equity Transfer Agreement" with Hisense Visual Technology Co., Ltd. (Hisense Visual). Hisense Mould plans to purchase a 26.0006% stake in Hisense (Guangdong) Kitchen & Bath System Co., Ltd. (Hisense Kitchen & Bath) held by Hisense Visual using its own funds. The transaction price is set at 94.2905 million yuan.

Meanwhile, Hisense Mould, Hisense Kitchen & Bath, and Hisense Visual have signed an "Asset Group Transfer Agreement." Hisense Mould and Hisense Kitchen & Bath will jointly sell an injection molding and stamping asset group (Huangdao Visual Plastic & Metal Workshop Asset Group) to Hisense Visual. The transaction price is set at 141 million yuan.

Hisense (Guangdong) Molding Co., Ltd. (Hisense Molding) and Foshan Shunde Rongsheng Plastic Co., Ltd. (Rongsheng Plastic) have signed an "Asset Group Transfer Agreement" with Guangdong Hisense Electronics Co., Ltd. (Hisense Electronics). Hisense Molding and Rongsheng Plastic will jointly sell an injection molding and stamping asset group (Jiangmen Electronics Plastic Products Workshop Asset Group) to Hisense Electronics. The transaction price is 14.1951 million yuan.