000418SZSE

Notice on Adjustments to Share Exchange Ratio Following Midea Group's Implementation of 2018 Profit Distribution Plan

Little Swan A Co., Ltd.·May 22, 2019·2 pages

✨ AI Summary

This announcement informs about adjustments to the share exchange ratio following Midea Group's 2018 profit distribution plan. The share issuance price is adjusted from 42.04 CNY to 40.74 CNY per share. The exchange ratio for Little Swan A shares is set at 1:1.15144821, and for B shares at 1:0.93446244. The total number of shares to be issued by Midea Group is adjusted to 323,657,476 shares.

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Wuxi Little Swan Co., Ltd. Notice on Adjustments to Share Exchange Ratio Following Midea Group's Implementation of 2018 Profit Distribution Plan

The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Midea Group Co., Ltd. (hereinafter referred to as "Midea Group") has been approved by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") for the share exchange merger with Wuxi Little Swan Co., Ltd. (hereinafter referred to as "Little Swan" or "the Company") on March 12, 2019, as per the CSRC's approval document (Zheng Jian Xu Ke [2019] No. 352). According to this approval, the CSRC has authorized Midea Group to issue 342,130,784 shares to absorb Little Swan.

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