WELLING HLDG : Notice of Court Meeting

(Incorporated in Hong Kong with limited liability)

(Stock Code: 382)

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

MISCELLANEOUS PROCEEDINGS NO. 2690 OF 2017

IN THE MATTER

OF

WELLING HOLDING LIMITED

AND

IN THE MATTER

OF

THE COMPANIES ORDINANCE, CHAPTER 622 OF THE LAWS OF

THE HONG KONG SPECIAL ADMINISTRATIVE REGION

SCHEME OF ARRANGEMENT

Under Section 673 of the Companies Ordinance

Chapter 622 of the Laws of the Hong Kong Special Administrative Region

NOTICE OF COURT MEETING

NOTICE IS HEREBY GIVEN that, by an order dated 5 January 2018 (the ''Order'') made in the above matters, the High Court of the Hong Kong Special Administrative Region (the ''High Court'') has directed a meeting (the ''Meeting'') to be convened of the registered holders of the shares (the ''Shares'') of Welling Holding Limited (the ''Company'') (other than those beneficially owned by Midea International Corporation Company Limited and parties acting in concert with it) (the ''Scheme Shares'') for the purposes of considering and, if thought fit, approving, with or without modification, a scheme of arrangement (the ''Scheme'') proposed to be made between the Company and the registered holders of the Scheme Shares (the ''Scheme Shareholders''), and that the Meeting will be held at 10:00 a.m. on Monday, 5 February 2018 at Lotus Room, 6/F, Marco Polo Hongkong Hotel, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong at which place and time all Scheme Shareholders are requested to attend.

A copy of the Scheme and a copy of an explanatory statement (the ''Explanatory Statement'') explaining the effect of the Scheme, required to be furnished pursuant to

Section 671 of the abovementioned Ordinance, are incorporated in the scheme document of which this Notice forms part, which has been despatched by post to holders of the

Scheme Shares. Copies are also available athttp://www.welling.com.cn.

In compliance with the Hong Kong Code on Takeovers and Mergers (the ''Takeovers Code''), Shares held by Midea International Corporation Company Limited and parties acting in concert (as defined in the Takeovers Code) with it may not be voted at the Meeting and, hence, only Shares held by Scheme Shareholders are eligible for voting thereat.

The above-mentioned Scheme Shareholders may vote in person at the Meeting or they may appoint another person, whether a member of the Company or not, as their proxy to attend and vote in their stead. A pink form of proxy for use at the Meeting is enclosed with the scheme document despatched to the Shareholders on 11 January 2018. If more than one proxy is appointed, the number of Shares in respect of which each such proxy is so appointed must be specified in the relevant form of proxy.

In the case of joint holders of a Share, the vote of the senior who tenders a vote, whether in person or by proxy or by representative, shall be accepted to the exclusion of the vote(s) of the other joint holder(s) and for this purpose seniority shall be determined by the order in which the names stand in the register of members of the Company in respect of the Share.

It is requested that forms appointing proxies, together with power of attorney under which they are signed (if any) or a notarially certified copy thereof (in the case of a corporation either under its seal or under the hand of an officer or attorney duly authorised) if any, be lodged at the Company's share registrar, Computershare Hong

Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road

East, Wan Chai, Hong Kong by 10 : 00 a.m. on Friday, 2 February 2018. Forms of proxy may also be handed to the chairman of the Meeting at the Meeting if not so lodged.

Completion and return of the form of proxy will not preclude a Scheme Shareholder from attending the Meeting or any adjournment thereof and voting in person. In such event, his form of proxy shall be deemed to be revoked.

For the purpose of determining the entitlement to attend and vote at the Meeting, the register of members of the Company will be closed from Monday, 29 January 2018 to Monday, 5 February 2018, both days inclusive, and during such period, no transfer of

Shares will be effected. In order to qualify to vote at the Meeting, all transfers accompanied by the relevant share certificates must be lodged with the Company's share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716,

17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong before 4 : 30 p.m. (Hong Kong time) on Friday, 26 January 2018.

By the Order, the High Court has appointed Mr. Fu Yongjun, or failing him, Ms. Pan Xinling, or any other available director of the Company to act as chairman of the Meeting and has directed the chairman of the Meeting to report the outcome thereof to the High Court.

The Scheme will be subject to the subsequent sanction of the High Court as set out in the Explanatory Statement contained in the scheme document despatched to the Shareholders on 11 January 2018.

Dated the 11th day of January 2018.

Hogan Lovells

11th Floor

One Pacific Place 88 Queensway Hong Kong, China

Solicitors for Welling Holding Limited

As at the date of this notice, the board of directors of the Company comprises six executive Directors, namely Mr. Fu Yongjun (Chairman), Mr. Zhang Lifeng (Chief Executive Officer), Ms. Pan Xinling, Mr. Li Li, Mr. Xiao Mingguang and Mr. Li Feide and three independent non-executive Directors, namely Mr. Tan Jinsong, Mr. Lam Ming Yung and Ms. Cao Zhoutao.