On December 11, the HVAC and Building Division of Midea Group and Lingwang Elevator Co., Ltd. (hereinafter referred to as "Lingwang Elevator") held a merger and acquisition delivery and strategic cooperation launching ceremony at the headquarters of Lingwang Elevator.

Midea Group is headquartered in Shunde, Foshan, and Lingwang Elevator is headquartered in Nanhai, Foshan. Guan Jinwei, President of HVAC and Building Division of Midea Group, Liu Xiao, Director of Strategic Development, and Zhou Xing, General Manager of Domestic Marketing Company of HVAC and Building Division; Liang Yongbiao, Zou Yongran, shareholders of Lingwang Elevator, Xie Jian, general manager of Lingwang Elevator, and others attended the signing ceremony and participated in the discussion.