Hisense Home Appliances Group Co., Ltd. (Hisense HA) disclosed that four of its subsidiaries—Guangdong Hisense Refrigerator Marketing, Hisense (Guangdong) Kitchen and Bathroom System, Qingdao Gorenje Electrical, and Qingdao Hisense Mould—subscribed to a series of Jingu Trust “Jingu·Xinyuan Collective Capital Trust Plan” products between 3 April and 26 June 2026.
The 17 subscription agreements, each classified as fixed-income and rated medium-low risk, total RMB 2.06 billion (approximately USD 282 million). Refrigerator Marketing Company accounted for the bulk of the placements, committing RMB 1.94 billion, while Kitchen and Bathroom Company, Gorenje Company and Hisense Mould Company invested the balance.
All investments were funded with idle internal cash and fall within the Board’s existing mandate—approved on 30 March 2026 and reaffirmed at the 25 June 2026 AGM—to allocate up to RMB 23.00 billion to short-term, low-to-medium-risk fixed-income products. Each individual subscription is below the disclosure threshold, but the aggregated amount triggers a “discloseable transaction” classification under Hong Kong Listing Rule 14.22, requiring public reporting.
According to the agreements, investment tenors are open-ended (“subject to the redemption time of the subscriber”) and proceeds may be allocated to deposits, bonds, and other debt assets. Expected returns are not fixed and will “fluctuate with the market.”
Management states that deploying idle funds into these wealth-management products enhances capital-use efficiency without impeding daily operations or core business development. All transactions were executed on normal commercial terms, and Jingu Trust—controlled by China’s State-owned Assets Supervision and Administration Commission—remains an independent third party to Hisense HA.
Comments