Jingdong Home Appliances: 10-Year Warranty, No Repairs - Is There a Catch?

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This service is less than 200 yuan and will fail within 10 years. You can enjoy one exchange for free. The goods after the exchange will enjoy three-year warranty. It's equivalent to buying it again."
"Currently, I think the pitfall is that this model may not be available in a few years from now, so you have to pay the difference if you want to replace it with another similar machine.
The advantage is that if the original manufacturer does not provide a warranty of more than 10 years, it effectively extends the warranty period to 10 years.
Have you actually exchanged anything before?