HK Stock Market Move | Midea Group Co., Ltd (00300) rose over 5% in early trading, and the company announced another buyback plan of up to 3 billion yuan. Currently, the proportion of revenue from the United States is relatively low.

Midea Group Co., Ltd (00300) rose more than 5% in the morning session, with an increase of 5.02% to HK$66.95 as of the release of this report, with a turnover of 486 million Hong Kong dollars. On the news front, Midea Group Co., Ltd announced in the morning that it plans to repurchase A-shares through centralized bidding trading using its own funds or self-raised funds, with the repurchase amount ranging from 1.5 billion to 3 billion yuan, to implement equity incentive plans and/or employee stock ownership plans. It is worth noting that Midea Group Co., Ltd previously announced after releasing its annual performance that it plans to repurchase shares worth 5 to 10 billion yuan, with 70% or more of the repurchased shares to be used for cancellation. Furthermore, regarding the market's concerns about the impact of the US tariff policy, Midea Group Co., Ltd stated on its investor relations platform that the company's business extends to more than 200 countries and regions, with a relatively low proportion of revenue coming from the United States. The company has 22 research and development centers and 23 major manufacturing bases overseas, spanning over ten countries in North America, South America, Asia-Pacific, Europe, the Middle East, and Africa. In the future, the company will continue to expand its overseas manufacturing layout and promote the construction and commissioning of new overseas factories.