Midea Group announces capital reduction after share buyback

Midea Group has announced a capital reduction following the repurchase and cancellation of 553,811 restricted shares. This action stems from board and shareholder resolutions passed in June and September 2025, addressing various restricted share incentive plans. The cancellations primarily involve shares from the 2021, 2022, and 2023 incentive plans due to employee performance not meeting targets or employee departures and job changes.

Specifically, 16 employees under the 2021 plan will have 80,933 shares repurchased. For the 2022 plan, 10 employees will have 43,800 shares repurchased due to performance or job changes, and an additional eight employees will have 178,667 shares repurchased due to resignation. Under the 2023 plan, 49 employees will have 126,661 shares repurchased due to performance or resignation, with a further 10 employees having 123,750 shares repurchased for similar reasons.

Creditors are advised that they have 45 days from the September 25, 2025, announcement to declare their claims or seek guarantees. Declarations can be made at Midea’s headquarters in Shunde District, Foshan, Guangdong Province, between September 26 and November 9, 2025.