Hisense Home Appliances : INSIDE INFORMATION ANNOUNCEMENT REGARDING THE ESTIMATED RESULTS FOR THE FIRST QUARTER OF 2021

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HISENSE HOME APPLIANCES GROUP CO., LTD.

海信家電集團股份有限公司

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00921)

INSIDE INFORMATION ANNOUNCEMENT

REGARDING THE ESTIMATED RESULTS

FOR THE FIRST QUARTER OF 2021

This announcement is made by Hisense Home Appliances Group Co., Ltd. (the "Company" , together with its subsidiaries, the "Group") pursuant to Rule 13.09 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

1. ESTIMATED RESULTS FOR THE PERIOD

1. Period of the estimated results: 1 January 2021 to 31 March 2021 (the "Reporting Period")
2. Estimated results: € Loss € Turnaround from loss √ Increase over the same period last year € Decrease over the same period last year

	Item			The Reporting Period		Corresponding period last year
				Profit: RMB209 million -RMB229
	Net profit attributable to			million
	shareholders of the					Profit: RMB43.55 million
			Increase by 380% - 426% as
	Company
			compared to the corresponding
				period last year
	Basic earnings per share			Earnings: RMB0.15 per share -		Earning: RMB0.03 per share

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RMB0.17 per share

Note: The figures as shown above are prepared in accordance with China Accounting Standards for Business Enterprises.

1. PRELIMINARY AUDIT OF THE ESTIMATED RESULTS

The estimated results for the Reporting Period have not been audited preliminarily by certified public accountants.

III. MAJOR REASONS FOR CHANGES IN RESULTS

According to the preliminary calculation of the finance department of the Company, the Company's net profit attributable to shareholders of the Company for the Reporting Period will increase by 380%-426%. The increase in results is mainly because the scale and profitability of the Company's central air-conditioning sector maintained a good growth trend. Moreover, the Company's operation was greatly affected by the impact of the outbreak of coronavirus disease in the same period of last year, which also resulted in a low comparison base in the same period of last year.

IV. RISK WARNING

The Group's results for the first quarter of 2021, with detailed specific data, will be disclosed in the 2021 first quarterly report of the Company. Shareholders of the Company and potential investors are advised to exercise caution in dealing in the securities of the Company.

By order of the Board

Hisense Home Appliances Group Co., Ltd.

Tang Ye Guo

Chairman

Foshan City, Guangdong, the People's Republic of China, 14 April 2021

As at the date of this announcement, the Company's executive directors are Mr. Tang Ye Guo, Mr. Jia Shao Qian, Mr. Lin Lan, Mr. Dai Hui Zhong ,Mr. Duan Yue Bin and Mr. Fei Li Cheng; and the Company's independent non-executive directors are Mr. Ma Jin Quan, Mr. Zhong Geng Shen and Mr. Cheung Sai Kit.

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