Midea Group announced that with the approval of the China Securities Regulatory Commission, Midea Group Co., Ltd. issued A shares to absorb and merge Wuxi Little Swan Co., Ltd., which was suspended from May 8 to the end of the reporting period due to the acquisition of creditor's rights, and resumed trading after fulfilling the relevant information disclosure obligations.
Midea Group, as the acquirer and implementer of this share swap, will swap the shares of Little Swan A shares and Little Swan B shares held by investors through stock swap.
After the stock conversion is completed, the original overseas investor shareholders of Little Swan will be converted into overseas investor shareholders of Midea Group, which will be included in the calculation of the shareholding ratio of overseas investor shareholders of Midea Group, which may increase the shareholding ratio of overseas investor shareholders of Midea Group.