Midea Real Estate : FURTHER ANNOUNCEMENT IN RELATION TO THE PROPOSED FINAL DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2020 AND THE DISTRIBUTION ARRANGEMENTS

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MIDEA REAL ESTATE HOLDING LIMITED

美的置業控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3990)

FURTHER ANNOUNCEMENT IN RELATION TO THE PROPOSED FINAL DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2020 AND THE DISTRIBUTION ARRANGEMENTS

References are made to the Company's announcement dated 24 March 2021 in respect of the annual results and proposed final dividend of the Company for the year ended 31 December 2020 (the ''Results Announcement'') and a further announcement dated 25 March 2021 in relation to the proposed final dividend of the Company. Unless otherwise defined, terms used herein shall have the same meanings as used in the Results Announcement.

The Board has resolved to recommend the Company to maintain a one-off distribution of the final dividend for the year ended 31 December 2020, and the distribution arrangements are as follows:

FINAL DIVIDEND AND DISTRIBUTION ARRANGEMENTS

The Board has recommended the payment of a final dividend of HK$1.60 per share for the year ended 31 December 2020. Subject to the approval of the shareholders of the Company at the annual general meeting to be held on 4 June 2021, the proposed final dividend will be paid on or about 29 July 2021 to the shareholders whose names appear on the register of members of the Company on 23 June 2021.

CLOSURE OF REGISTER OF MEMBERS

For the purpose of determining the identity of shareholders who are entitled to the proposed final dividend, the register of members of the Company will be closed from 22 June 2021 to 23 June 2021, both days inclusive, during which period no transfer of shares shall be effected. In order to qualify for the proposed final dividend, all transfers accompanied by the relevant share certificates must be lodged with the Hong Kong branch share registrar and transfer office of the Company, Tricor Investor Services Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong not later than 4:30 p.m. on 21 June 2021.

The Company is committed to maintaining a competitive dividend payout ratio in order to protect the interest of the Company's shareholders and boost investors' confidence. Meanwhile, the Board has decided to rescind its original plan to declare an interim dividend in 2021, and instead, it will make a one-off distribution when determining the declaration of final dividend for the year ending 31 December 2021 so as to maintain a consistent dividend policy and to facilitate the operation of dividend payment.

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By order of the Board

Midea Real Estate Holding Limited

Hao Hengle

Chairman, Executive Director and President

Hong Kong, 9 April 2021

As at the date of this announcement, the executive directors of the Company are Mr. Hao Hengle, Mr. Xu Chuanfu, Mr. Yao Wei and Mr. Lin Ge; the non-executive directors of the Company are Mr. He Jianfeng and Mr. Zhao Jun; and the independent non-executive directors of the Company are Mr. Tan Jinsong, Mr. O'Yang Wiley and Mr. Lu Qi.

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