Midea Group joins hands with Bank of China Guangdong Branch, BOCHK Financial Leasing to sign strategic cooperation agreement

On April 28, Midea Group signed a strategic cooperation agreement on distributed photovoltaic new energy with Bank of China Guangdong Branch and BOCHK Financial Leasing Co., Ltd. at Midea Group's headquarters.

A delegation from Bank of China Guangdong Branch and BOCHK Financial Leasing visited the 08 exhibition hall at Midea Group's headquarters, gaining a deep understanding of Midea's business layout and core development strategies, laying a solid foundation for subsequent in-depth communication.

During the exchange session, Eric Wang, Executive President and President of the New Energy Business Division of Midea Group, introduced the group's development history and overall business layout. He stated that Midea is simultaneously advancing its To B and To C business layouts, has listed overseas globalization expansion as a core strategy of the group, and is building up strength to navigate through industry cycles, achieving breakthroughs in the global market. He pointed out that new energy is a crucial direction for future development and expressed the hope that both parties would take new energy as an opportunity to launch a new round of cooperation.

Liu Yi, General Manager of HICONICS New Energy, addressed the details of the cooperation implementation, proposing two key cooperation requirements: to optimize the existing cooperation model and improve overall cooperation efficiency, while continuously broadening the scope of business operations to deepen cooperation.

Hu Wenyong, Chairman of BOCHK Financial Leasing, introduced that as a financial leasing platform wholly owned by Bank of China, BOCHK Financial Leasing has been deeply involved in the real economy for many years, relying on the comprehensive financial services and global layout advantages of its parent company. This has established a solid foundation for cooperation with Midea Group. The two parties have already achieved efficient synergy and mutual benefits in several areas such as cross-border financing, capital management, and industrial financial empowerment, laying a solid foundation for this in-depth strategic cooperation.

Kuo Jianxun, the branch manager of Bank of China Guangdong Branch, stated that Midea Group is a strategic partner at the head office level of the Bank of China, and both parties have maintained a stable and close cooperative relationship over the long term. In the future, the branch will adhere to the original intention of serving the real economy, relying on the Bank of China's global and comprehensive financial service advantages to provide Midea Group with all-round and finely tailored exclusive financial services for its globalization and diversification development.

Meanwhile, the Guangdong Branch of Bank of China and BOCHK Financial Leasing responded to the business needs, clearly expressing their firm commitment to a deep integration and cooperative advancement with HICONICS.

Subsequently, both parties jointly signed the cooperation agreement. This signing was conducted by Mai Zhaofeng, General Manager of the Financial and Investment Banking Department of the Guangdong Branch of Bank of China, Jia Tianfei, Vice President of BOCHK Financial Leasing, and Liu Yi, General Manager of HICONICS Energy, representing the three parties. Kuai Jianxun, the branch manager of Bank of the Guangdong Branch of Bank of China, Hu Wen Yong, Chairman of BOCHK Financial Leasing, and Eric Wang, Executive President and President of the New Energy Business Unit of Midea Group, witnessed the cooperation come to fruition.

The implementation of this strategic cooperation marks a new phase in the industrial-financial collaboration between Midea, Bank of China Guangdong Branch, and BOCHK Financial Leasing. In the future, based on a long-term mechanism of complementary strengths, the cooperation areas will be broadened, the scope of business extended, and the cooperation models optimized, to deeply explore the industrial-financial scenarios of new energy, contributing to the upgrading of the national energy structure.