Midea Group to unlock second tranche of restricted shares

Midea Group Co., Ltd. announced the upcoming release of its second tranche of restricted shares under its 2022 stock incentive plan. A total of 2,518,700 shares, representing 0.0329% of the company's total share capital, will be unlocked for 138 eligible employees. The shares are scheduled for release on July 14, 2025, three years after their initial listing date of July 13, 2022. The plan, approved at the 2021 annual general meeting, has seen adjustments over time, including price revisions and share cancellations due to employee departures. The company has completed required procedures, including audits and approvals, for the share release.