Midea Group's A-share repurchase hits 1% milestone, costing over 5.2 bn yuan

Midea Group has announced that its A-share repurchase program has reached a significant milestone, with the cumulative repurchase volume accounting for 1.0193% of the company's total A-share capital. As of September 25, 2025, the company has repurchased 71,678,446 A-shares through centralized bidding transactions.

The repurchase was conducted at a maximum price of RMB77.99 per share and a minimum price of RMB69.91 per share, totaling a cumulative expenditure of RMB5,224,149,037 (excluding transaction fees). This aligns with the "50-100 Billion A-Share Repurchase Plan" approved by the board on March 28, 2025, and by shareholders on May 30, 2025.

The repurchased shares are intended for cancellation to reduce registered capital, as well as for implementation of equity incentive plans or employee stock ownership plans. Midea Group confirms that the repurchase adheres to relevant laws, regulations, and the company's established repurchase plan, with further repurchases to be made opportunistically within the 12-month timeframe.