Core Viewpoint - Midea Group has completed the repurchase and cancellation of certain restricted stock incentives from 2021, 2022, and 2023, involving a total of 1,493,543 shares, which represents a reduction in the company's total share capital [1][28]. Group 1: 2021 Restricted Stock Incentive Plan - The company repurchased and canceled 258,668 shares from 18 incentive recipients, with a repurchase price of 32.75 CNY per share [1][23]. - A total of 681,500 shares were repurchased from 22 recipients at a price of 20.97 CNY per share [1][25]. - The total amount paid for the repurchase of restricted stocks was 35,429,185.75 CNY [1][28]. Group 2: 2022 Restricted Stock Incentive Plan - The company repurchased 1,052,500 shares from 24 recipients due to reasons such as job changes and performance issues, with a repurchase price adjusted to 23.97 CNY per share [14][26]. - The total number of shares granted was adjusted from 12,630,000 to 12,450,000 due to changes in the list of incentive recipients [11][12]. - The repurchase of 681,500 shares from 22 recipients was also completed [25][17]. Group 3: 2023 Restricted Stock Incentive Plan - The company planned to grant 1,837,500 shares to 416 recipients at a price of 28.39 CNY per share, later adjusted to 25.89 CNY per share [18][19]. - A total of 553,375 shares were repurchased from 29 recipients due to job changes and performance issues [22][20]. - The total amount received from the incentive recipients for the restricted stock was 474,434,250 CNY [19][28].

Core Viewpoint - The legal opinion issued by the law firm confirms that the 2024 annual general meeting of Midea Group was convened and conducted in accordance with relevant laws and regulations, ensuring the legitimacy of the meeting and the qualifications of attendees [2][4]. Group 1: Meeting Procedures - The annual general meeting was convened by the company's board of directors and held on May 30, 2025, at the Midea headquarters in Shunde, Guangdong [3][4]. - The meeting notification included details such as the time, location, agenda items, voting procedures, and registration methods for shareholders [3][4]. Group 2: Attendance and Voting - A total of 3,211 participants attended the meeting, representing 4,722,973,222 shares, which accounted for 61.87% of the total voting shares [5][6]. - Voting was conducted both in-person and online, with specific time slots allocated for each method [3][6]. Group 3: Voting Results - The voting results showed overwhelming support for the proposals, with the majority of resolutions receiving over 99% approval from both A-share and H-share holders [7][10]. - For instance, the proposal for the 2024 annual financial settlement received 99.50% approval from A-share investors [7][10]. Group 4: Legal Compliance - The law firm confirmed that the meeting's convening and voting procedures complied with the Company Law, Shareholders' Meeting Rules, and the company's articles of association [4][6]. - The qualifications of attendees, including A-share and H-share holders, were verified according to the relevant regulations [5][6].

Meeting Overview - The meeting was held with no proposals for addition, modification, or rejection [1] - The specific time for online voting was set for May 30, 2025, from 9:15 to 9:25, 9:30 to 11:30, and 13:00 to 15:00 [1] Attendance - The total number of shares represented at the meeting was 7,633,752,670, with 650,848,500 shares in total [1] - The number of shares held by the A-share repurchase account was 38,992,509 [1] Proposal Review and Voting Results - The voting results showed that 99.7657% of A-shares and 99.8438% of H-shares voted in favor of the proposals [2][3] - The total number of A-shares was 4,349,488,947, while the total number of H-shares was 362,704,014 [2] Shareholder Return Plan - A proposal regarding the shareholder return plan for the next three years received overwhelming support, with 99.8460% of H-shares and 99.9800% of A-shares voting in favor [4][5] Share Repurchase Authorization - The proposal for the board to be authorized to repurchase shares was approved with 99.9688% of H-shares and 99.9892% of A-shares in favor [4][5] Amendments to Company Articles - The proposal to amend the company’s articles of association was supported by 99.4516% of the total votes [6][7] - The proposal to revise the rules for board meetings received 99.9864% approval [5][6] Spin-off Proposal - The proposal for the spin-off of a subsidiary, An De Zhi Lian Supply Chain Technology Co., Ltd., was approved with 100% support from H-shares [6][7] - The spin-off aims to comply with relevant laws and regulations, ensuring the protection of shareholder and creditor rights [6][7]

证券代码：000333 证券简称：美的集团 公告编号：2025-035 美的集团股份有限公司 关于对 2021 年、2022 年和 2023 年限制性股票激励计划 部分激励股份回购注销完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 特别提示： 1、公司本次回购注销《2021 年限制性股票激励计划（草案）》的限制性股 票 258,668 股，占公司总股本的 0.0034%；其授予日为 2021 年 6 月 4 日，回购价 格为 32.75 元/股，共涉及激励对象 18 人； 2、公司本次回购注销《2022 年限制性股票激励计划（草案）》的限制性股 票 681,500 股，占公司总股本的 0.0089%；其授予日为 2022 年 6 月 8 日，回购价 格为 20.97 元/股，共涉及激励对象 22 人； 3、公司本次回购注销《2023 年限制性股票激励计划（草案）》的限制性股 票 553,375 股，占公司总股本的 0.0072%；其授予日为 2023 年 6 月 20 日，回购 价格为 22.89 元/股，共涉及激励对象 29 人； 4、公司本次回 ...

验 资 报 告 中汇会验[2025]8257号 美的集团股份有限公司： 我们接受委托，审验了贵公司截至2025年03月10日止减少注册资本及股本的 情况。按照法律法规以及协议、章程的要求出资，提供真实、合法、完整的验资资 料，保护资产的安全、完整是全体股东及贵公司的责任。我们的责任是对贵公司减 少注册资本及股本情况发表审验意见。我们的审验是依据《中国注册会计师审计准 则第1602号—验资》进行的。在审验过程中，我们结合贵公司的实际情况，实施了 检查等必要的审验程序。 贵公司本次减资前股本为人民币7,660,139,750.00元。根据贵公司2024年第 五届董事会第五次会议的《关于对2021年限制性股票激励计划部分激励股份回购 注销的议案》、《关于对2022年限制性股票激励计划部分激励股份回购注销的议案》 以及《关于对2023年限制性股票激励计划部分激励股份回购注销的议案》，贵公司 减少股本1,493,543.00元，变更后的股本为人民币7,658,646,207.00元。经我们审 验，截至2025年03月10日止，贵公司以货币资金支付了此次限制性股票激励回购款 项合计人民币35,429,185.75元，因此 ...

证券代码：000333 证券简称：美的集团 公告编号：2025-038 美的集团股份有限公司 关于通知债权人的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、关于变更回购 A 股股份用途并注销 美的集团股份有限公司（以下简称"公司"或"本公司"）于 2025 年 3 月 28 日和 2025 年 5 月 30 日分别召开第五届董事会第六次会议和 2024 年度股东大会， 审议通过了《关于变更回购 A 股股份用途并注销的议案》，将变更经公司于 2022 年 3 月 10 日召开的第四届董事会第六次会议审议通过《关于回购部分社会公众 股份方案的议案》的回购 A 股股份用途，由原方案"回购股份用于实施公司股权 激励计划及/或员工持股计划"变更为"回购股份用于注销并减少公司注册资 本"。 公司于 2023 年 3 月 13 日披露了《关于回购公司股份结果暨股份变动公告》， 公司本次累计回购 48,558,888 股 A 股股份（以下简称"本次回购"）。截至本公 告披露日，本次回购中累计用于员工持股计划的股份数量为 20,106,662 股，本次 回购中剩余的 ...

美的集团股份有限公司 关于选举职工代表董事的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 证券代码：000333 证券简称：美的集团 公告编号：2025-037 张添女士目前未持有公司股票；与持有公司 5%以上股份的股东、实际控制 人、公司其他董事、监事、高级管理人员不存在关联关系；未受过中国证监会及 其他有关部门的处罚和证券交易所纪律处分，不存在因涉嫌犯罪被司法机关立案 侦查或者涉嫌违法违规被中国证监会立案稽查、尚未有明确结论的情形；不存在 《公司法》和《公司章程》等规定的不得担任公司董事的情形；经查询，张添女 士未曾被中国证监会在证券期货市场违法失信信息公开查询平台公示或者被人 民法院纳入失信被执行人名单。 公司董事会中兼任公司高级管理人员以及由职工代表担任的董事人数总计 未超过公司董事总数的二分之一，符合相关法律法规及《公司章程》的规定。 特此公告。 美的集团股份有限公司董事会 2025 年 6 月 3 日 1 根据《公司法》和《公司章程》等相关规定，美的集团股份有限公司（以下 简称"公司"或"本集团"）职工代表大会于 2025 年 5 月 30 ...

美的集团股份有限公司 2024 年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 一、重要提示 本次会议召开期间无提案的增加、变更或否决。 二、会议召开的情况 1．现场会议召开时间：2025 年 5 月 30 日下午 14:30 2．现场会议召开地点：美的集团股份有限公司（以下简称"公司"）总部大 楼 证券代码：000333 证券简称：美的集团 公告编号：2025-036 3．召开方式：现场投票与网络投票相结合 4．召集人：本公司董事会 5．主持人：董事长方洪波先生 6．网络投票时间：2025 年 5 月 30 日，其中，通过深圳证券交易所交易系统 进行网络投票的具体时间为：2025 年 5 月 30 日上午 9:15—9:25，9:30－11:30，下 午 13:00－15:00；通过深圳证券交易所互联网投票系统进行网络投票的具体时间为： 2025 年 5 月 30 日上午 9:15－下午 15:00 的任意时间。 7．本次股东大会的召集、召开程序、出席会议人员资格及表决程序符合《公 司法》及《公司章程》等有关规定。 1 三、会议的出席情 ...

北京市嘉源律师事务所 关于美的集团股份有限公司 2024 年度股东大会的法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONGKONG·广州 GUANGZHOU·西安 XI`AN 2024 年度股东大会的法律意见书 嘉源(2025)-04-391 北京市嘉源律师事务所（以下简称"本所"）接受美的集团股份有限公司（以 下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）等现行有 效的法律、行政法规、部门规章、规范性文件（以下简称"法律法规"）以及《美 的集团股份有限公司章程》（以下简称"《公司章程》"）的有关规定，指派本 所律师对公司 2024 年度股东大会（以下简称"本次股东大会"）进行见证，并 依法出具本法律意见书。 为出具本法律意见书，本所指派律师现场见证了本次股东大会，查阅了公司 提供的与本次股东大会有关的文件和资料，并进行了必要的审查和验证。在前述 审查和验证的过程中，本所律师得到公司的如下承诺和保证：就本所认为出具本 ...

Core Viewpoint - The article discusses the structural differentiation in the current stock market, highlighting the significant performance gap between A-shares and Hong Kong stocks, driven by foreign capital inflow, the weight advantage of technology stocks, and differing policy expectations [2][3]. A-share High Dividend Portfolio: Stable Foundation for Value Reassessment - Financial Performance and Dividend Capability: In a low-interest and volatile market, high-dividend companies are preferred for their stable cash flow and shareholder returns. The total dividend of central state-owned enterprises is expected to reach 1.17 trillion yuan in 2024, accounting for 50% of the total A-share dividends [4][5]. - Key Companies: China Shenhua is expected to have a dividend yield of over 5.9% in 2024, while Huaneng International plans a dividend payout ratio of at least 50% of distributable profits. Wuliangye and Muyuan Foods are also highlighted for their strong financial performance and dividend potential [4][5][6]. - Competitive Moat: The sustainability of the high-dividend portfolio relies on the companies' competitive advantages, including cost advantages in the energy sector and brand differentiation in consumer goods [6]. - Market Outlook: The core opportunities for the high-dividend portfolio in 2025 include the resonance of declining interest rates and stable growth policies, with specific catalysts in the energy and consumer sectors [7]. Hong Kong Growth Portfolio: Profit Elasticity and Industry Wave Resonance - Financial Performance and Growth Momentum: The Hong Kong portfolio focuses on internet, consumer, and innovative pharmaceutical sectors, benefiting from global liquidity easing and AI breakthroughs. Meituan's revenue is expected to reach 337.6 billion yuan in 2024, with a net profit increase of 158.4% [8][9]. - Competitive Moat: The growth portfolio's moat is derived from network effects, research and development accumulation, and global capabilities, with companies like Tencent and Meituan leveraging their ecosystems [10]. - Market Outlook: The core opportunities for the Hong Kong growth portfolio in 2025 are driven by global liquidity easing and clear industry policy catalysts, particularly in AI applications and innovative pharmaceuticals [11]. Comparison of Portfolios and Investor Preferences - Market Performance and Fund Flows: Investors are currently favoring the Hong Kong growth portfolio due to significant performance differences, with the Hang Seng Index rising 16.1% compared to the -2.41% decline of the CSI 300 [13][14]. - Investor Structure Preference: The high-dividend portfolio attracts conservative investors such as insurance funds, while the growth portfolio appeals to foreign capital and growth-oriented funds [15][16]. - Current Popularity Assessment: The Hong Kong growth portfolio is more favored due to its higher earnings growth rate and alignment with global technology trends, while the high-dividend portfolio remains attractive for risk-averse investors [16][17].