Midea subsidiary applies for Hong Kong listing

Midea Group Co., Ltd. has announced further progress on the proposed spin-off and separate listing of its subsidiary, Ande Zhilian Supply Chain Technology Co., Ltd. on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX). The proposal was approved at Midea Group's 2024 annual general meeting.

Ande Zhilian submitted its application for the initial public offering of H-shares and listing on the HKEX Main Board on August 27, 2025. The application materials, prepared in accordance with the requirements of the Securities and Futures Commission of Hong Kong and HKEX, are in draft form and subject to updates and revisions.

The listing remains subject to approvals from various regulatory bodies, including the China Securities Regulatory Commission, the Hong Kong SFC, and HKEX. Midea Group pledges to timely disclose further developments and advises investors to be aware of the inherent risks.