Midea Real Estate revises annual caps, proposes charter amendments

Midea Real Estate Holding Limited entered into a supplemental agreement with Midea Construction on September 18, 2025, to revise annual caps for their real estate technology services framework agreement. The existing annual cap for 2025 will increase from RMB240.0 million to RMB330.0 million, while the cap for 2026 will be revised from RMB215.0 million to RMB206.0 million. This revision anticipates that services required by Midea Construction Group would exceed the original 2025 cap due to faster-than-anticipated project progress.

The revised caps incorporate a 10% buffer for business flexibility, with pricing based on complexity, resources, and comparison to independent third-party services. Historically, the connected transaction amount from October 22, 2024, to December 31, 2024, was approximately RMB61.9 million. These transactions, due to Ms. Lu's indirect ownership of both entities, are continuing connected transactions under Chapter 14A of the Listing Rules and require independent shareholders' approval.

Additionally, Midea Real Estate proposes amendments to its memorandum and articles of association. These aim to allow the board to appoint multiple chairmen and to fill casual vacancies for auditors until the next annual general meeting. These proposed changes are subject to shareholders' approval via a special resolution at an extraordinary general meeting (EGM).