Midea Real Estate : DATE OF BOARD MEETING FURTHER ANNOUNCEMENT IN RELATION TO THE PROPOSED FINAL DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2020

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MIDEA REAL ESTATE HOLDING LIMITED ߕٙໄุછٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3990)

DATE OF BOARD MEETING

FURTHER ANNOUNCEMENT IN RELATION TO

THE PROPOSED FINAL DIVIDEND

FOR THE YEAR ENDED 31 DECEMBER 2020

Reference is 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 ''Announcement''). Unless otherwise defined, terms used herein shall have the same meanings as used in the Announcement.

The Board noted that the description of the proposed final dividend and distribution arrangements in the Announcement had led to different interpretations and market speculations which were different from the Board's intention. In order to protect the interest of the Company's shareholders and investors, the Board hereby announces that a meeting of the Board will be held on Friday, 9 April 2021, to clarify the proposed final dividend and distribution arrangements for the year ended 31 December 2020. A further announcement will be made by the Company immediately after such Board meeting.

By order of the Board Midea Real Estate Holding Limited

Hao Hengle

Chairman, Executive Director and President

Hong Kong, 25 March 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.