Haier Smart Home Renews Connected Financial Services Framework With Haier Group

Haier Smart Home Co., Ltd. Class H ( (HK:6690) ) has provided an update.

Haier Smart Home has renewed its financial cooperation with its controlling shareholder Haier Group and affiliated Haier Finance Company by signing a new Financial Services Framework Agreement effective from 1 January 2027 to 31 December 2029. Under this non-exclusive arrangement, Haier Finance will continue to provide deposit, loan and other financial services to the Haier Smart Home group, supporting its ongoing operational funding and treasury management.

The renewed framework triggers various compliance requirements under the Hong Kong Listing Rules because Haier Group holds about 34% of Haier Smart Home and is classified as a connected person. Deposit services under the new caps constitute both a discloseable and connected transaction requiring reporting, announcements, independent advice and independent shareholders’ approval, while loan and certain other financial services enjoy partial or full exemptions, shaping how the company structures and discloses its intra-group financing.

The most recent analyst rating on (HK:6690) stock is a Buy with a HK$31.00 price target. To see the full list of analyst forecasts on Haier Smart Home Co., Ltd. Class H stock, see the HK:6690 Stock Forecast page.

More about Haier Smart Home Co., Ltd. Class H

Haier Smart Home Co., Ltd. is a Chinese home appliance manufacturer focused on smart home solutions, with a diversified portfolio that includes refrigerators, washing machines and other household devices. The company operates globally and leverages affiliated financial and service platforms within the Haier Group ecosystem to support its industrial and commercial activities.

Average Trading Volume: 13,988,185

Technical Sentiment Signal: Sell

Current Market Cap: HK$239.3B

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