Midea Group completes A-share buyback, reduces capital

Midea Group announced the completion of its share buyback and subsequent cancellation of 95,000,000 A-share ordinary shares, representing 1.23% of its total share capital before the cancellation. This action reduces the company's registered capital. The company's total share capital has decreased from 7,692,805,778 shares to 7,597,805,778 shares.

The buyback program, approved on March 28, 2025, and May 30, 2025, aimed to repurchase A-shares for cancellation and employee incentive plans. Midea Group repurchased a total of 135,012,663 shares by December 8, 2025, at a maximum price of RMB83.11 per share and a minimum price of RMB69.91 per share, for a total consideration of RMB9,999,994,748, excluding transaction fees.

Following the cancellation, Midea Group will proceed with amending its Articles of Association to reflect the updated registered capital and total share count. These changes will be disclosed after the necessary industrial and commercial registration and filing procedures are completed.