Press release KUKA and Midea

Augsburg/Foshan, November 23 2021 – KUKA and its majority owner, the Midea Group, have defined a joint growth vision. As part of the strategy, Midea is also planning to delist KUKA from the stock exchange following a so-called “Squeeze-Out” process. Midea currently already holds a stake of more than 95% of all KUKA shares. With our shared growth plan, we are seizing this momentum: A unified shareholder structure is important for this long-term growth plan. The current listing of KUKA does not entail any material benefit for KUKA as the average daily trading volume is low.