Midea Group updates progress on two A-share buyback programs

As of August 29, 2025, Midea Group has made substantial progress on its A-share buyback programs. Under the RMB 1.5-3 bn A-share buyback scheme, the company repurchased 20,564,598 shares, representing 0.2679% of its total share capital. The aggregate cost for this program, excluding transaction fees, amounted to RMB 1,509,865,814, with prices ranging from RMB 69.50 to RMB 80.44 per share. This program, approved on April 8, 2025, is aimed at share cancellation and/or employee incentive schemes.

For the larger RMB 5-10 bn A-share buyback scheme, approved on March 28, 2025, Midea Group repurchased 40,655,916 shares, constituting 0.5297% of its total share capital. The total expenditure for this program, excluding transaction fees, reached RMB 2,919,590,420, with share prices ranging from RMB 69.91 to RMB 73.59.

Midea Group reiterates its commitment to executing these repurchases as per the approved plans and relevant regulations. The company will continue to monitor market conditions and provide timely updates on the buyback progress.