Midea Group provides update on A-share repurchase programs

Midea Group has provided an update on the progress of its two A-share repurchase programs as of October 31, 2025. Under the RMB1.5-3 bn A-share repurchase plan, the company has cumulatively repurchased 20,564,598 A-shares, representing 0.2676% of its total share capital. The highest transaction price was RMB80.44 per share, the lowest was RMB69.50 per share, with a total expenditure of RMB1,509,865,814 (excluding transaction costs). This plan aims to facilitate equity incentive and/or employee stock ownership programs.

For the larger RMB5-10 bn A-share repurchase plan, Midea Group has repurchased a total of 110,431,255 A-shares, accounting for 1.4372% of its total share capital. The highest price paid was RMB77.99 per share, and the lowest was RMB69.91 per share, with a total outlay of RMB8,065,260,249 (excluding transaction costs). This program intends to reduce registered capital by canceling shares, as well as support equity incentive and/or employee stock ownership plans.

Both repurchase programs align with regulatory requirements and Midea Group's established plans. The company will continue to make repurchasing decisions based on market conditions within the stipulated timeframe, providing timely disclosures to investors.