Securities code: 000333 securities abbreviation: Midea Group Co.Ltd(000333) Announcement No.: 2021-114 Midea Group Co.Ltd(000333)
Announcement of resolutions of the third meeting of the Fourth Board of supervisors
The company and all members of the board of supervisors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Midea Group Co.Ltd(000333) (hereinafter referred to as “the company” or “the company”) convened the third meeting of the fourth session of the board of supervisors by means of communication on December 24, 2021. There were 3 supervisors who should be present and 3 actually present, which was in line with the provisions of the company law of the people’s Republic of China and the articles of association. After careful discussion at the meeting, the following resolutions were formed:
1、 The proposal on repurchase and cancellation of some incentive shares of 2018 restricted stock incentive plan was deliberated and adopted with 3 affirmative votes, 0 negative votes and 0 abstention votes;
After review, the board of supervisors of the company believes that according to the management measures and relevant laws According to the regulations and the company’s 2018 restricted stock incentive plan (Draft), the company agrees to repurchase and cancel a total of 386250 restricted shares granted to 13 incentive objects but not lifted. This will not affect the diligence of the company’s management team and meet the actual situation of the company and the actual needs of the company’s business development.
2、 The proposal on repurchase and cancellation of some incentive shares of the restricted stock incentive plan in 2019 was deliberated and adopted with 3 affirmative votes, 0 negative votes and 0 abstention votes;
After review, the board of supervisors of the company believes that according to the management measures and relevant laws The regulations and the company’s restricted stock incentive plan (Draft) for 2019 agree that the company will repurchase and cancel 771042 restricted shares granted to 18 incentive objects but not lifted. This will not affect the diligence of the company’s management team and meet the actual situation of the company and the actual needs of the company’s business development.
3、 The proposal on repurchase and cancellation of some incentive shares in 2020 restricted stock incentive plan was deliberated and adopted with 3 affirmative votes, 0 negative votes and 0 abstention votes;
After review, the board of supervisors of the company believes that according to the management measures and relevant laws According to the regulations and the company’s 2020 restricted stock incentive plan (Draft), it is agreed that the company will repurchase and cancel 1314501 restricted shares granted to 30 incentive objects but not lifted. This matter will not affect the diligence of the company’s management team and is in line with the actual situation of the company and the actual needs of the company’s business development.
4、 The proposal on repurchase and cancellation of some incentive shares in 2021 restricted stock incentive plan was deliberated and adopted with 3 affirmative votes, 0 negative votes and 0 abstention votes;
After review, the board of supervisors of the company believes that according to the management measures and relevant laws According to the regulations and the company’s restricted stock incentive plan (Draft) for 2021, it is agreed that the company will repurchase and cancel a total of 290000 restricted shares granted to 7 incentive objects but not lifted. This will not affect the diligence of the company’s management team and meet the actual situation of the company and the actual needs of the company’s business development.
5、 The proposal on overseas bonds to be issued by overseas wholly-owned subsidiaries and guaranteed by the company was deliberated and adopted with 3 affirmative votes, 0 negative votes and 0 abstention;
After review, the board of supervisors of the company believes that in order to further broaden financing channels, reduce financing costs and support the development of the company’s green strategy, The company intends to issue overseas bonds with a total amount not exceeding (including) the equivalent amount of US $1.2 billion or overseas bonds in equivalent currency (if issued in foreign currency, it shall be converted according to the middle rate of the exchange rate published by the people’s Bank of China on the issue date, hereinafter referred to as “overseas bonds”) ）And the company shall provide corresponding guarantee for this overseas bond issuance and subsequent related matters. The funds raised by the proposed issuance of overseas corporate bonds will be used for the company’s business operation, adjust the company’s debt structure and supplement the company’s working capital or project investment, which is conducive to the company’s sustainable and stable operation and in line with the interests of all shareholders.
It is hereby announced.
Midea Group Co.Ltd(000333) board of supervisors December 27, 2021
