Midea Group Co.Ltd(000333) independent director
Independent opinions on repurchase of some public shares
In accordance with the Listing Rules of Shenzhen Stock Exchange, the rules for independent directors of listed companies and other laws and regulations, normative documents and the relevant provisions of the articles of association of Midea Group Co.Ltd(000333) (hereinafter referred to as the “company”), the independent directors of the company, with a serious and responsible attitude, reviewed all relevant documents provided by the board of directors on the repurchase of some public shares, On the basis of independent judgment, we express the following independent opinions on the above matters:
1. The company’s repurchase is legal and compliant. The company’s share repurchase plan complies with the relevant provisions of laws and regulations such as the rules for share repurchase of listed companies, the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 9 – share repurchase, and the voting procedures of the board of directors comply with the relevant provisions of laws and regulations and the articles of association.
2. The company repurchases the company’s shares with its own funds this time, and will continue to be used to implement the company’s equity incentive plan and / or employee stock ownership plan, so as to further improve the corporate governance structure, build an innovative long-term incentive and restraint mechanism for the shareholding of the management team, ensure the realization of the company’s long-term business objectives, and promote the consistency of interests and income sharing of all shareholders, Enhance the overall value of the company.
3. The total amount of funds to be used for repurchase this time shall not exceed 5 billion yuan, and the source of funds is self owned funds. This repurchase will not have a significant impact on the company’s operation, finance and future development, and will not affect the company’s listing status.
In conclusion, the independent directors of the company believe that the repurchase of social public shares by the company is legal and compliant, both necessary and feasible, and in line with the interests of the company and all shareholders.
Midea Group Co.Ltd(000333) independent director: Xue Yunkui, Guan Qingyou, Han Jian
