Midea Group Subsidiary Annto Files Updated HKEX Listing Application; H-Share Offer Capped at 20% of Enlarged Capital

Bulletin Express06-15

Midea Group Co., Ltd. (Midea Group) announced that its logistics subsidiary, Annto, submitted an updated listing application to the Hong Kong Stock Exchange (HKEX) on 12 June 2026. The filing, made through joint sponsors, seeks approval for an H-share flotation on the Main Board.

According to the application, the initial public offering will not exceed 20% of Annto’s enlarged share capital prior to any over-allotment. Underwriters may exercise an over-allotment option of up to 15% of the initial H-share issuance. Post-transaction, Annto will remain a controlled subsidiary of Midea Group.

A redacted draft prospectus (Application Proof) is available on HKEX’s website. The document, still subject to potential material changes, includes preliminary business and financial details about Annto.

The proposed spin-off and listing remain contingent upon approvals from the China Securities Regulatory Commission, HKEX and other regulators, as well as prevailing market conditions. Midea Group stated it will continue to disclose material developments in accordance with regulatory requirements and noted that investors should exercise caution when dealing in the company’s securities.

The board of Midea Group is chaired by Mr. Fang Hongbo, who also serves as Executive Director and Chief Executive Officer.

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