On May 31, Midea Group Co., Ltd. (hereinafter referred to as "Midea Group") signed a strategic cooperation agreement with Guohua Energy Investment Co., Ltd. (hereinafter referred to as "Guohua Investment"), a subsidiary of China Energy Group, under which the two sides will focus on new energy projects such as energy storage systems, photovoltaics, wind power and comprehensive energy utilization, make full use of their respective resources and advantages to carry out comprehensive cooperation, and accelerate the construction and promotion of "green and zero-carbon parks". Fang Hongbo, Chairman and President of Midea Group, Fu Yongjun, Vice President of Midea Group and President of Industrial Technology Business Group, Liu Xiaoqi, Secretary of the Party Committee and Chairman of Guohua Investment, and Liu Wei, Member of the Party Committee and Deputy General Manager, attended the signing ceremony. The signing was in the form of a cloud contract.

At present, China's "carbon peak, carbon neutrality" strategy is steadily advancing, to accelerate the construction of a clean, low-carbon, safe and efficient energy system, to promote the construction of a new power system with a gradual increase in the proportion of new energy, in which the role of the power industry is becoming more and more critical. Midea Group and Guohua Investment have reached a strategic cooperation agreement based on the recognition of green development, the prospect of the new energy market, and the complementarity of the business side. During the "14th Five-Year Plan" period, the two sides will integrate channels, services, technology, capital and other resources, give full play to their leading advantages in the field of new energy, lay out new energy projects such as photovoltaic, wind power, and energy storage, and build a data analysis and intelligent operation and maintenance system for energy utilization, so as to ensure the safe and stable operation of comprehensive energy utilization projects. The two parties will use Midea Group's mature park as a pilot to build a comprehensive energy utilization demonstration project, build an industry-leading green factory and a zero-carbon park, and use this as a model for promotion and replication, leading the development direction of green manufacturing.

Midea Group continues to focus on the green energy sector and has released the "Green Strategy" in 2021 to systematically promote the transformation of low-carbon strategy. Energy management is one of the core ToB businesses of Midea Group, and Midea is optimistic about the future market space and value of the industry for a long time, and has carried out a series of layout and exploration in this sector. Midea's Industrial Technology Business Group and its subsidiary, Hekang New Energy, will take this strategic cooperation as an opportunity to give full play to their advantages in the field of green energy, actively promote the implementation of energy storage products and solutions in the industrial field, help enterprises achieve "low cost, low risk, and low carbon emissions" in energy consumption, and play a key role in accelerating the "zero carbon" construction of industrial parks and achieving the "double carbon" goal.

About Midea's industrial technology
As one of the five major business segments of Midea Group, Midea's Industrial Technology Business Group takes science and technology as the core driving force and aggregates the core scientific and technological forces in the four major fields of smart transportation, industrial automation, green energy and consumer appliances, and owns many brands such as GMCC, Welling, Hiconics, Sunye, Servotronix, Dorna, MR, Meiken, Toshiba, Motinova and so on. Provide green, efficient and intelligent products and technical solutions for global pan-industrial customers, and create a better life for billions of end users. Hekang New Energy, a subsidiary of Midea Industrial Technology, provides users with one-stop energy storage system solutions, including multi-scenario residential, industrial and commercial energy storage solutions such as wind storage, photovoltaic storage, wind and solar storage, and optical storage and charging.

About Guohua Investment
As a comprehensive clean energy enterprise integrating wind power, photovoltaic, hydrogen energy, integrated smart energy and fund investment under the National Energy Group, Guohua Investment has continuously achieved brilliant results by virtue of the development strategy of "one core, two poles and one platform" with "new energy as the core, hydrogen energy and integrated smart energy as the two poles, and investment platform as the new engine", and the development of the industrial chain of "wind, solar, hydrogen, storage and finance" has formed the company's unique competitive advantage. The company's business covers 27 provinces, autonomous regions and municipalities directly under the central government, as well as Australia and Greece.