Midea Group completes non-trade transfer for 2025 A-share equity plan

Midea Group’s 2025 A-share equity incentive plan, approved by its board in March and shareholders in May 2025, has officially completed its non-trade transfer. On September 9, 2025, 17,361,485 shares were transferred from the company's repurchase account to the "Midea Group Co., Ltd. – 2025 A-share Equity Incentive Plan" securities account, representing 0.23% of the company's current total share capital.

The shares originated from a repurchase program initiated on March 10, 2022, where the company bought back 48,558,888 shares at prices between RMB 48.08 and RMB 60.05 per share, totaling RMB 2,636,704,772.26. The funds for the 2025 equity plan came from a dedicated incentive fund of RMB 1,331,105,055. The transfer price was set at RMB 76.67 per share, based on the higher of the average trading prices before the plan's disclosure.

A lock-up period for the transferred shares commences on September 10, 2025, and will extend until September 9, 2027. The company confirms that the total number of shares held under all effective employee stock ownership plans does not exceed 10% of its total share capital, and individual employee holdings do not exceed 1%.