Midea Has Financial Resources to Fund Proposed Kuka Acquisition

(The following statement was released by the rating agency)

HONG KONG/SHANGHAI, May 19 (Fitch) Midea Group Co., Ltd.'s

(Midea; A-/Stable)

proposed acquisition of Kuka AG (Kuka) will not affect Midea's

ratings, as the

company has sufficient internal financial resources to fund the

acquisition,

Fitch Ratings believes. The acquisition will add to Midea's

business

diversification and will not impact the company's ability to

generate FCF.

On 18 May Midea announced a voluntary offer to acquire a

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