Haier Smart Home's Controlling Shareholder to Change to Botic Carlink; Resumes Trading Aug. 24

On August 21, Haier Residential Industry Co., Ltd. (stock code: 002084) announced that its controlling shareholder, Zhongyu Investment, has entered into share transfer agreements with Shanghai Botai Connected Vehicle Technology Co., Ltd. ("Botai Connected Vehicle") and Fuqing Yaohong Enterprise Management Partnership (Limited Partnership) ("Fuqing Yaohong"). Under the agreements, Zhongyu Investment intends to transfer 129 million shares of Haier Residential Industry (representing 20% of the company's total share capital) to Botai Connected Vehicle, and 32,367,400 shares (representing 5.01% of the total share capital) to Fuqing Yaohong. There are no related-party relationships, nominee arrangements, guarantees of benefits, or any other interest arrangements between Botai Connected Vehicle and Fuqing Yaohong. Upon completion of the above share transfers, Botai Connected Vehicle will become the new controlling shareholder of the company, and the actual controller will change from Tang Taiying and Rong Qiping to Ying Zhenkai. The company’s shares will resume trading on August 24.