Midea Group finishes share buyback, plans capital reduction

Midea Group has successfully completed its A-share repurchase program, which ran from June 17, 2025, to December 8, 2025. The company repurchased a total of 135,012,663 shares, representing 1.76% of its total share capital. The aggregate amount paid for the repurchase was 9,999,994,748 yuan (excluding transaction fees), reaching the upper limit of the previously approved 10 bn yuan. Shares were bought at prices ranging from 69.91 yuan to 83.11 yuan per share.

Of the repurchased shares, 95,000,000 are designated for cancellation, which will reduce the company's registered capital by 1.24% of its previous total share capital. This move aligns with the company's plan to decrease its total share capital and support equity incentive or employee stock ownership plans, as approved by the board on March 28, 2025, and shareholders on May 30, 2025.

The repurchase activity is compliant with relevant regulations and will not adversely affect the company's financial standing, operations, research and development, debt performance, control, or listed status. The repurchased shares are currently held in a dedicated securities account and do not carry voting rights or dividend entitlements.