The Board of Midea Real Estate Holding Limited announced that on 21 January 2022, the company and Midea Holding entered into the 2022 Property Management Framework Agreement and the 2022 Construction Framework Agreement to govern the terms and conditions of the transactions between the Group and the Midea Holding Group in connection with the provision of the Property Management Services and the Construction Services, respectively, for a term of three years with effect from 1 January 2022 to 31 December 2024 (both days inclusive). Pursuant to the 2022 Property Management Framework Agreement and the 2022 Construction Framework Agreement, the Group agreed to provide the Property Management Services and the Construction Services, respectively, to the Midea Holding Group according to the separate agreements in respect of each of the transactions to be entered into by the relevant members of the Group with the relevant members and associates of the Midea Holding Group from time to time in compliance with the aforementioned framework agreements. 2022 Property Management Framework Agreement: Date: 21 January 2022; Parties: The Company (as the service provider); andMidea Holding (as the service recipient); Nature of transactions: Provision of the Property Management Services by the Group to the Midea Holding Group.

Term: The 2022 Property Management Framework Agreement shall be for a fixed term with effect from 1 January 2022 and ending on 31 December 2024 (both days inclusive). Within 30 days of its expiry, the parties may extend the agreement by mutual agreement, subject to compliance with all relevant requirements under the Listing Rules and applicable laws and regulations. Payment terms: The payment terms for the Property Management Services will be stipulated in the separate agreements governing each particular transaction entered into pursuant to the 2022 Property Management Framework Agreement.

In general, the fees of the Property Management Services will normally be settled in the form of bank transfer or such other manner and subject to credit terms as agreed by the parties. 2022 Construction Framework Agreement: Date: 21 January 2022; Parties: The Company (as the service provider); and Midea Holding (as the service recipient); Nature of transactions: Provision of the Construction Services by the Group to the Midea Holding Group. Term: The 2022 Construction Framework Agreement shall be for a fixed term with effect from 1 January 2022 and ending on 31 December 2024 (both days inclusive).

Within 30 days of its expiry, the parties may extend the agreement by mutual agreement, subject to compliance with all relevant requirements under the Listing Rules and applicable laws and regulations. Payment terms: The payment terms for the Construction Services will be stipulated in the separate agreements governing each particular transaction entered into pursuant to the 2022 Construction Framework Agreement. In general, the fees of the Construction Services will normally be settled in accordance with the completion of each phase of construction in the form of bank transfer or such other manner and subject to credit terms as agreed by the parties.