Midea Group Co., Ltd. Semi-Annual Report 2021 Midea Group Co., Ltd. Semi-Annual Report 2021 August 2021 Midea Group Co., Ltd. Semi-Annual Report 2021 Section I Important Statements, Contents and Definitions The Board of Directors, the Supervisory Committee, directors, supervisors and senior management of Midea Group Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee that the information presented in this report is free of any misrepresentations, misleading statements or material omissions, and shall together be wholly liable for the truthfulness, accuracy and completeness of its contents. Mr. Fang Hongbo, Chairman of the Board and CEO of the Company, Ms. Zhong Zheng, Director of Finance of the Company, and Ms. Chen Lihong, head of the accounting department of the Company, have represented and warranted that the financial statements in this report are true, accurate and complete. All directors of the Company attended the Board meeting to review this report. The future plans and some forward-looking statements mentioned in this report shall not be considered as virtual promises of the Company to investors. Therefore, investors are kindly reminded to pay attention to possible investment risks. The Company plans not to distribute cash dividends or bonus shares or convert capital reserves into share capital. This report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. Midea Group Co., Ltd. Semi-Annual Report 2021 Contents SECTION I IMPORTANT STATEMENTS, CONTENTS AND DEFINITIONS ...... 2 SECTION II COMPANY PROFILE AND KEY FINANCIAL RESULTS...... 6 SECTION III MANAGEMENT DISCUSSION AND ANALYSIS ......10 SECTION IV CORPORATE GOVERNANCE ...... 80 SECTION V ENVIRONMENTALAND SOCIAL RESPONSIBILITY ...... 92 SECTION VI SIGNIFICANT EVENTS ...... 126 SECTION VII CHANGES IN SHARES AND INFORMATION ABOUT SHAREHOLDERS..... 140 SECTION VIII PREFERENCE SHARES...... 149 SECTION IX BONDS ...... 150 SECTION X FINANCIAL REPORT...... 153 Midea Group Co., Ltd. Semi-Annual Report 2021 Documents Available for Reference 1. The original of The Semi-Annual Report 2021 of Midea Group Co., Ltd. signed by the legal representative; 2. The financial statements signed and stamped by the legal representative, the Director of Finance and the head of the accounting department; 3. The originals of all company documents and announcements that are disclosed to the public via newspaper designated for information disclosure during the Reporting Period; and 4. The electronic version of The Semi-Annual Report 2021 that is released on http://www.cninfo.com.cn. Midea Group Co., Ltd. Semi-Annual Report 2021 Definitions Term Definition The “Company”, “Midea”, “Midea Group” or the Midea Group Co., Ltd. “Group” Midea Holding Midea Holding Co., Ltd. TLSC Toshiba Lifestyle Products & Services Corporation KUKA KUKAAktiengesellschaft Hiconics Hiconics Eco-energy Technology Co., Ltd. WDM Beijing Wandong Medical Technology Co., Ltd. Swisslog Swisslog Holding AG Servotronix Servotronix Motion Control Ltd. WINONE WINONE Elevator Company Limited Reporting Period 1 January 2021 to 30 June 2021 Midea Group Co., Ltd. Semi-Annual Report 2021 Section II Company Profile and Key Financial Results 1. Corporate Information Stock abbreviation Midea Group Stock code 000333 Stock exchange where the shares of the Company are Shenzhen Stock Exchange listed Name of the Company in 美的集团股份有限公司 Chinese Abbr. of the Company name 美的集团 in Chinese Name of the Company in Midea Group Co., Ltd. English (if any) Abbr. of the Company name Midea Group in English (if any) Legal representative Fang Hongbo 2. Contact Us Company Secretary Representative for Securities Affairs Name Jiang Peng You Mingyang Midea Headquarters Building, No. 6 Midea Headquarters Building, No. 6 Address