Midea Group updates on substantial A-share buyback programs

Midea Group has provided an update on the progress of its A-share repurchase programs as of November 30, 2025. Under the 1.5 bn yuan to 3 bn yuan buyback plan, the company has repurchased 20,564,598 shares, representing 0.2675% of its total share capital. These shares were acquired at prices ranging from 69.50 yuan to 80.44 yuan per share, with a total expenditure of 1,509,865,814 yuan (excluding transaction fees). This scheme aims to facilitate equity incentive plans and/or employee stock ownership plans.

Concurrently, the larger 5 bn yuan to 10 bn yuan buyback program has seen the company repurchase 128,452,313 shares, accounting for 1.6708% of its total share capital. The highest price paid for these shares was 80.62 yuan per share, and the lowest was 69.91 yuan per share, totaling 9,465,223,172 yuan (excluding transaction fees). These repurchases are intended for capital reduction through cancellation and to support equity incentive and/or employee stock ownership plans.

Both repurchase programs align with the company's previously approved resolutions and relevant legal frameworks. Midea Group reaffirmed its commitment to timely disclosure of repurchase progress and advises investors to remain vigilant of investment risks.