Movement Alert|Haier Smart Home Rises 3.05% in Regular Trading, Employee Stock Ownership Plan and Continued Buybacks Boost Sentiment

Market Focus06-01

On June 1, Haier Smart Home (06690.HK) rose 3.05% in regular trading, trading at HK$20.28 per share with a turnover of HK$519 million.

On the news front, the company recently announced a core employee stock ownership plan for up to 2,667 participants, funded by an RMB 870 million incentive fund. The stock source includes previously repurchased A-shares and residual shares from prior ESOP plans, with a 12-month lock-up period. The plan is pending shareholder approval.

Simultaneously, the company has maintained aggressive share buybacks throughout late May, repurchasing 164 million shares on May 25 (RMB 33.37 million), 154.46 million shares on May 27 (RMB 30.95 million), and 1.85 million shares on May 28 (RMB 37.19 million). A formal buyback report was also filed on May 29, authorizing continued repurchases over the next 12 months for equity incentive purposes. The stock had touched a near one-year low of RMB 19.91 on May 27 before rebounding sharply. Within the Household Appliances sector, Midea Group gained 4.14% and Hisense Home Appliances rose 3.40%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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