Governance

We focus on constructing corporate governance structure as well as our centralization and decentralization system, so we can form a modern professional management system.
To promote the building of core management team and long-term growth value, we have launched a series of long-term incentive schemes as an efficient system to ensure common benefits of executives, backbones and shareholders.

QUICK FACTS

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Stock Option Incentive Schemes

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Restricted Share Incentive Schemes

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Business Partner Schemes

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Global Partner Schemes

CORPORATE GOVERNANCE STRUCTURE

BOARD OF DIRECTORS

Mr. Fang Hongbo

Chairman

CEO

Mr. Fang Hongbo, holder of a Master's degree, is the Chairman and CEO of the Company. He joined Midea in 1992 and previously served as the General Manager of Midea Air-Conditioning Business Department, CEO of Midea Refrigeration Electric Appliances Group, Chairman and CEO of GD Midea Holding Co., Ltd.
Mr. He Jianfeng

Director

Mr. He Jianfeng, holder of a Bachelor's degree, is a Director of Midea Group. He is also the Chairman and CEO of Infore Investments Holding Group Co., Ltd.
Mr. Yin Bitong

Executive Director

Vice President

Mr. Yin Bitong, a Master's graduate, joined Midea in 1999 and served as GM Assistant and Marketing Director of Residential Air Conditioning Division as well as GM and Director of Wuxi Little Swan Co. Ltd. He is now a Director and Vice President of Midea Group and President of Midea Residential Air Conditioning Division.
Mr. Gu Yanmin

Executive Director

Vice President

Mr. Gu Yanmin, holder of a Doctoral degree, joined Midea in 2000 and has functioned as the Head of Planning & Investment, Head of Overseas Strategy & Development, Vice President and Head of Overseas Business Development of Midea Air-Conditioning & Refrigeration Group, Head of Overseas Strategy of Midea Group. Currently he is a Director, Vice President of the Company as well as Chairman of the Supervisory Board of KUKA.
Mr. Yu Gang

Director

Mr. Yu Gang, holder of a Doctoral degree given by the Wharton School of the University of Pennsylvania, is the Honorary Chairman and a co-founder of YHD.COM. He once served as the Global Supply Chain Vice President of Amazon and the Global Procurement Vice President of Dell. He is now the Executive Chairman of the Board of Directors and a co-founder of 111, Inc., as well as a Director of Midea Group.
Mr. Xue Yunkui

Independent Director

Mr. Xue Yunkui, is a holder of a Doctoral degree given by the Southwest University and a holder of a Post-Doctoral degree given by the Shanghai University of Finance and Economics. He used to be the associate dean and a doctoral supervisor at the School of Accountancy of Shanghai University of Finance and Economics, a Founding Vice President of Shanghai National Accounting Institute and Cheung Kong Graduate School of Business, the Secretary-General of China Association of Accounting Professors, a Vice Chairman of the Steering Committee of the National Accounting Institute under the Ministry of Finance, etc. He is now an accounting professor of Cheung Kong Graduate School of Business, and an Independent Director of Midea Group.
Mr. Guan Qingyou

Independent Director

Mr. Guan Qingyou, is a holder of a Doctoral degree in economics given by the Chinese Academy of Social Sciences and a holder of a Post-Doctoral degree given by the Tsinghua University. He once worked as a Vice President and the Director of the Research Institute of Minsheng Securities. Currently, he serves as the President and Chief Economist of the Reality Institute of Advanced Finance (an independent research institute), an Independent Director of Midea Group, a senior researcher at China Society of Economic Reform, a special expert in the Fiscal Reform and Development Think Tank under the Ministry of Finance, a member of the Expert Advisory Committee on Industrial Economic Operation under the Ministry of Industry and Information Technology, a member of the Think Tank Committee of the All-China Federation of Industry and Commerce, etc.
Ms. Han Jian

Independent Director

Ms. Han Jian, holder of a Doctoral degree given by the Cornell University, is an associate professor of management in China Europe International Business School, a co-director of the Sino European Innovation Institute in China and the Sino European Digital Economy and Intelligent Enterprise Research Center, as well as an Independent Director of Midea Group.

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BOARD OF SUPERVISORS

Mr. Dong Wentao

Chairman of the Supervisory Committee

Mr. Dong Wentao, a master's degree graduate, joined Midea Group in 2016 and served in the Law Department and Investor Relations Department of Midea Group. He has more than ten years of working experience in legal risk control, market value management and capital operation.
Mr. Zhao Jun

Supervisor

Mr. Zhao Jun, a Master's degree graduate, joined Midea in 2000 and has functioned as the Director and CFO of GD Midea Holding Co., Ltd. He is now a Supervisor of the Company, Vice President and CFO of Midea Holding Co., Ltd., as well as a Non-Executive Director of Midea Real Estate Holding Limited.
Ms. Liang Huiming

Supervisor

Ms. Liang Huiming, is a holder of a Bachelor’s degree. Joining Midea in 2007, she used to serve as the Chief Business Administration Commissioner in Midea Group’s Administration and Human Resources Department. She is now the Employee Supervisor of Midea Group.

SENIOR MANAGEMENT

Mr. Fang Hongbo

Chairman

CEO

Mr. Fang Hongbo, holder of a Master's degree, is the Chairman and CEO of the Company. He joined Midea in 1992 and previously served as the General Manager of Midea Air-Conditioning Business Department, CEO of Midea Refrigeration Electric Appliances Group, Chairman and CEO of GD Midea Holding Co., Ltd.
Mr. Yin Bitong

Director

Vice President

Mr. Yin Bitong, a Master's graduate, joined Midea in 1999 and served as GM Assistant and Marketing Director of Residential Air Conditioning Division as well as GM and Director of Wuxi Little Swan Co. Ltd. He is now a Director and Vice President of Midea Group and President of Midea Residential Air Conditioning Division.
Mr. Gu Yanmin

Director

Vice President

Mr. Gu Yanmin, holder of a Doctoral degree, joined Midea in 2000 and has functioned as the Head of Planning & Investment, Head of Overseas Strategy & Development, Vice President and Head of Overseas Business Development of Midea Air-Conditioning & Refrigeration Group, Head of Overseas Strategy of Midea Group. Currently he is a Director, Vice President of the Company as well as Chairman of the Supervisory Board of KUKA.
Mr. Wang Jianguo

Vice President

Mr. Wang Jianguo, a Master’s degree holder, joined Midea in 1999. He was once the Director of the Supply Chain Management Department of Midea Group’s Residential Air Conditioner Division, Director of Administration and Human Resources Department of Midea Group, and General Manager of Midea Group’s Refrigeration Division. Currently, he is a Vice President of Midea Group and President of Midea International Business.
Mr. Zhang Xiaoyi

Vice President

CIO

Mr. Zhang Xiaoyi, is a holder of a Master’s degree. Joining Midea Group in 2010, he used to serve as the head of the overseas process IT system, head of supply chain system of Midea Group, etc. He is now a Vice President, the Chief Information Officer and IT Director of Midea Group.
Mr. Hu Ziqiang

Vice President

CTO

Mr. Hu Ziqiang, holder of a Doctoral degree, joined Midea in 2012, and has formerly worked for GE and Samsung and as a Vice GM in Wuxi Little Swan Co., Ltd. At present he is a Vice President and CTO of the Company.
Mr. Wang Jinliang

Vice President

Mr. Wang Jinliang, holder of a Master’s degree, joined Midea in 1995 and previously worked as the Vice President of China Marketing in the Company, and was GD Midea Holding’s Vice President and Marketing Head. He is now a Vice President of the Company.
Mr. Cai Weiding

CFO

Mr. Cai Weiding, a bachelor degree holder, joined Midea in 2021. He has served Goldman Sachs, JPMorgan Chase, Huaxing capital, HSBC and other international investment banks. He has led many domestic and foreign M & A financing and capital market transactions of Chinese and foreign enterprises. He is now the chief financial officer of Midea.
Ms. Zhong Zheng

Director of Finance

Ms. Zhong Zheng, holder of a Master’s degree, joined Midea in 2002. She once was the Financial Manager of the factory in Guangzhou of Residential Air Conditioner Division and of domestic and overseas marketing subsidiaries, Director of Finance of Financial Center and Component Division, as well as Audit Director of Midea Group, etc. She is now the Director of Finance of Midea Group.
Mr. Jiang Peng

Board Secretary

Mr. Jiang Peng, holder of a Master’s degree, joined Midea in 2007 and used to be the Representative for Securities Affairs and Board Secretary for GD Midea Holding Co., Ltd. He is now the Board Secretary and Director of Investor Relations of Midea Group.

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