2007
In May 2007, the implementation of the 2006 Directional Additional Issuance Project was completed: the Renminbi common share of 142,046,347 shares were issued to Haier Group to purchase its 75% equity in Qingdao Haier Air Conditioning Electronics Co., Ltd., 80% equity in Hefei Haier Air Conditioner Co., Ltd., 60% of the shares of Wuhan Haier Electronics Co., Ltd. and 59% of the shares of Guizhou Haier Electronics Co., Ltd. have been implemented.