Zulassungsfolgepflichten: Haier Smart Home Co.,Ltd.: Release according to Article 50 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Announcement pursuant to Section 50 para. 1 no. 2 German Securities Trading Act (WpHG)

Indicative Announcement on the Joint Announcement Issued by the Company and Haier Electronics Group Co., Ltd. Qingdao / Shanghai / Frankfurt, 12 October 2020 - Haier Smart Home Co., Ltd. (the 'Company' or 'HSH', D-Share ISIN CNE1000031C1, A-Share ISIN CNE000000CG9) published an indicative announcement on the Shanghai Stock Exchange with regard to the joint announcement issued by the Company and Haier Electronics Group Co., Ltd. (the 'HEG', 01169.HK) on the Hong Kong Stock Exchange website.

The Company and HEG issued a joint announcement (the 'Joint Announcement') regarding the progress of the proposed privatization of HEG (the 'Privatization Proposal') on the Hong Kong Stock Exchange website (http://www.hkexnews.hk) on 12 October 2020.

According to the Joint Announcement, as of the date of the announcement, the Pre-Conditions (a) (the approval of the China Securities Regulatory Commission for the H Shares issuance of the Company) and (b) (the approval of the Listing Committee of the Hong Kong Stock Exchange for the listing of Company's H Shares on the Hong Kong Stock Exchange by way of introduction) as set out in section headed '2.6 Pre-Conditions to the making of the Privatisation Proposal' in the 3.5 Announcement (jointly announced by the Company and HEG in relation the Privatization Proposal on 31 July 2020) remain to be outstanding. As of the date of the Joint Announcement, the Company is under the application progress in relation to the above approvals of the China Securities Regulatory Commission and the Hong Kong Stock Exchange. Further announcement(s) will be made by the Company and HEG if and when appropriate in compliance with the Hong Kong Code on Takeovers and Mergers on the satisfaction of the outstanding Pre-Conditions and upon the dispatch of the Scheme Document.

For more information about the Joint Announcement, please refer to the Hong Kong Stock Exchange website.

The Company will perform its information disclosure obligations in a timely manner in accordance with relevant regulations. Investors are requested to invest rationally and pay attention to investment risks.

Board of Directors Haier Smart Home Co., Ltd. 12 October 2020

About Haier Smart Home Co., Ltd.: Haier is one of the world's leading manufacturers of household appliances with a focus on smart home solutions and customized mass production. Haier Smart Home Co., Ltd. develops, produces and distributes a wide range of household appliances. These include refrigerators, freezers, washing machines, air conditioners, water heaters, kitchen appliances as well as smaller household appliances and an extensive range of intelligent household appliances. The Company distributes its products through leading household brands such as Haier, Casarte, Leader, Candy, GE Appliances, AQUA and Fisher & Paykel. Haier Smart Home Co., Ltd. has launched Smart Home Experiential Cloud, which connects homes, users, enterprises and ecosystem partners, and facilitates the integration of Haier's online, offline and micro-store businesses and supports user interaction to further optimize the user experience.

IR contact: Yao Sun (Sophie) - Haier Smart Home Germany T: +49 6172 9454 143 F: +49 6172 9454 42143 M: +49 160 9469 3601 Email: y.sun@haier.de