Haili Group: Haili Group and its subsidiary holding companies have not reached any joint venture or technical cooperation arrangements with any overseas companies in the air conditioning compressor business.

On June 23, Haier Group released a clarification announcement. Recently, the company has noticed false rumors on the internet about "Haier Group and a certain foreign company establishing a joint venture company and transferring air conditioner compressor technology to it." In order to avoid misleading the public and investors and to maintain market order, the company clarifies the following: As of now, Haier Group and its subsidiaries have not reached any joint venture or technology cooperation arrangements with any overseas companies in the air conditioner compressor business, nor have they reached any agreement or signed any relevant documents regarding the aforementioned matter.