According to a report from Zhitong Finance APP, MIDEA REAL EST (03990) announced that the company was informed by the controlling Shareholders (Mr. He Xiangjian and Ms. Lu Deyan) that they reached a mutual agreement with selected participants on December 19, 2024, which would enable a controlled company entirely owned by Lu Deyan to acquire a total of 30 million shares from the selected participants through an independent trustee of the trust plan on December 19, 2024, for a price of HKD 2.88 per share.

After the transfer is completed, the controlling Shareholder will directly or indirectly hold 1.165 billion shares, which represents approximately 81.13% of the company's issued share capital.