Hisense Home Appliances Group Co., Ltd. announced the principal terms of the Partnership Agreement are summarised as follows: Date: 10 May 2024. Parties: Qingdao Yiyang (as the general partner); the Company (as a limited partner); Hisense Visual (as a limited partner); Hisense Holdings (as a limited partner); Mr. Jia Shao Qian (as a limited partner); Mr. Yu Zhi Tao (as a limited partner); Mr. Dai Hui Zhong (as a limited partner); and Other limited partners (all being independent third parties). Proposed name of the Partnership: Qingdao Auchan Private Equity Investment Fund Partnership (Limited Partnership) (subject to the approval of the market supervision and administration department).

Term of the Partnership: The Partnership is registered and established from the date of the first issuance of the business license, with a partnership term of eight years. The duration of the fund shall be seven years (which may be extended by the meetings of the partners of the Partnership). In particular, the investment period (Investment Period) shall be five years commencing from the Fund Establishment Date, and the exit period (Exit Period) shall be two years from the end of the Investment Period .

Purpose and business scope of the Partnership: The purpose of the Partnership enterprise is to make investments in accordance with the provisions of the Partnership Agreement as permitted under applicable laws to obtain good investment returns for the Partners. The Partnership shall primarily focus on investment opportunities in the areas of, inter alia, smart manufacturing, artificial intelligence, integrated circuits, next-generation information technology, and related industries throughout the supply chain. The business scope of the Partnership shall be: engagement in equity investment, investment management and asset management in the form of a private equity fund (which shall only be carried out after registration and filing with the China Securities Investment Fund Association) (subject to the approval of the market supervision and administration department).

Capital contribution: The total capital contributed by all Partners to the Partnership pursuant to the Partnership Agreement shall be RMB 1,000,000,000. The capital contribution to be made by the Partners is as follows: General Partner: Qingdao Yiyang: RMB 1,000,000; Limited Partners: the Company: RMB 340,000,000; Hisense Visual: RMB 170,000,000; Hisense Holdings: RMB 90,000,000; Mr. Jia Shao Qian: RMB 10,000,000; Mr. Yu Zhi Tao: RMB 10,000,000; Mr. Dai Hui Zhong: RMB 10,000,000; Other limited partners: RMB 369,000,000.