Midea Group makes progress on A-share repurchase plans

As of September 30, 2025, Midea Group has made substantial progress on its two A-share repurchase plans. Under the 15-30 bn RMB repurchase scheme, the company accumulated 20,564,598 A-shares, representing 0.2679% of its total share capital. The highest price paid was RMB 80.44 per share, and the lowest was RMB 69.50 per share, totaling RMB 1,509,865,814. This program aims to support equity incentive and/or employee stock ownership plans.

Concurrently, the 50-100 bn RMB repurchase plan has seen Midea Group repurchase 76,781,146 A-shares, accounting for 0.9994% of its total share capital. Prices ranged from a high of RMB 77.99 per share to a low of RMB 69.91 per share, with a total expenditure of RMB 5,598,773,337. This larger scheme is intended for both capital reduction through cancellation and equity incentive/employee stock ownership plans.

Both repurchase programs align with the company's approved resolutions from shareholder and board meetings earlier in 2025. Midea Group reaffirmed its commitment to timely disclosure of further developments and urged investors to consider investment risks.