Midea Group Chairman Fang Hongbo: There is no "aluminum replacing copper" in any Midea air conditioning products in China, and material substitution benefits are evident in overseas markets.

Chairman Fang Hongbo of Midea Group addressed the issue of "aluminum replacing copper" in air conditioners during the investor Q&A session. He stated that all air conditioning products of Midea in China do not use "aluminum replacing copper", "as it was in the past, it is still the same today." In overseas markets, there is no controversy over this technology, as the material can be replaced. The use of "aluminum replacing copper" has enabled Midea's air conditioners to benefit significantly in overseas markets.