Midea announced that the company intends to fully acquire and privatize the shares of KUKAAktiengesellschaft (referred to as "KUKA") through Guangdong Mei Electric Co., Ltd., a wholly-owned subsidiary. The relevant progress of this acquisition is hereby announced as follows: KUKA will hold an annual general meeting on May 17, 2022 local time to consider the motion of "Guangdong Mei Electric Co., Ltd. to fully acquire the remaining shares of KUKA held by minority shareholders in cash". This motion has been examined and passed by the KUKA Annual shareholders' meeting.
美的集团：KUKA股东大会审议通过《广东美的电气有限公司以现金方式全面收购少数股东所持KUKA剩余股份》议案
Midea: the Kuka shareholders' meeting examined and approved the motion on "Guangdong Meimei Electric Co., Ltd. to fully acquire the remaining shares of KUKA held by minority shareholders in cash".
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