Securities Code: 301291
Securities Abbreviation: Midea Electric
Announcement Number: 2026-057
Guangdong Midea Electric Co., Ltd.
Announcement on the Election of the Board of Directors
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Guangdong Midea Electric Co., Ltd. (hereinafter referred to as the "Company")'s second Board of Directors is nearing the end of its term. In accordance with the "Company Law of the People's Republic of China," the "Shenzhen Stock Exchange GEM Stock Listing Rules," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 2 - GEM Listed Company Standardized Operation," and other laws, regulations, and the "Articles of Association," the Company is proceeding with the election of the Board of Directors according to legal procedures.
According to the "Articles of Association," the Company's Board of Directors shall consist of 9 directors, including 5 non-independent directors, 3 independent directors, and 1 employee representative director (elected by the Company's employee representative assembly). After soliciting opinions, the Company's Board of Directors nominates Mr. Zhang Wei, Ms. Zhang Chao, Mr. Liu Jianjun, Mr. Guo Xianqing, and Mr. Sun Wenyi as candidates for non-independent directors of the third Board of Directors. The shareholder Zhongshan Midea Electrical Appliances Co., Ltd. nominates Ms. Xu Jinhua (accounting professional), Mr. Xu Jiayan, and Mr. Zhang Shujun as candidates for independent directors of the third Board of Directors. Upon election, the above candidates (resumes are detailed in the attachment) will serve as directors of the third Board of Directors. The employee representative director will be elected by the Company's employee representative assembly. The term of office for the directors of the third Board of Directors shall commence from the date of approval by the Company's Second Extraordinary General Meeting of Shareholders in 2026 and shall last for three years. During their term, their director remuneration/allowances shall be in accordance with the director remuneration plan approved by the Company's General Meeting of Shareholders.
On August 7, 2026, the Company held the nineteenth meeting of the second Board of Directors, which reviewed and approved the "Proposal on the Election of the Board of Directors and Nomination of Candidates for Non-Independent Directors of the Third Board of Directors" and the "Proposal on the Election of the Board of Directors and Nomination of Candidates for Independent Directors of the Third Board of Directors." The Nomination Committee of the Board of Directors has thoroughly reviewed the qualifications of the above director candidates and believes that the above director candidates meet the requirements of relevant laws and regulations, normative documents, and the "Articles of Association," such as the "Company Law," "GEM Listed Company Standardized Operation," and the "Measures for the Administration of Independent Directors of Listed Companies," possess the required qualifications and capabilities for the positions, and their educational backgrounds and work experience meet the Company's requirements for director positions. They are not listed as "persons subject to enforcement for dishonesty" and have not been penalized by the China Securities Regulatory Commission, the stock exchange, or other relevant authorities.
Furthermore, they have not been identified by the China Securities Regulatory Commission as persons prohibited from entering the market, and such prohibitions have not yet been lifted.