Midea Group Co., Ltd (00300) plans to spend 1.5-3 billion yuan to repurchase the company's A shares.

Midea Group Co., Ltd (00300) announced that the company held its seventh meeting of the fifth board of directors on April 8, 2025, and approved the "Plan for Repurchasing Company A Shares through Concentrated Bidding Method," agreeing to repurchase some of the company's domestically issued A shares through concentrated bidding trading for the implementation of equity incentive plans and/or employee stock ownership plans. Based on confidence in the company's future development prospects and a high degree of recognition of the company's value, and considering factors such as the company's business situation, main business development prospects, financial condition, and future profit capability, the company plans to repurchase A shares to continue implementing the company's equity incentive plans and/or employee stock ownership plans to enhance investor confidence, increase shareholder returns, optimize corporate governance structure, establish a long-term incentive and restraint mechanism for the management team's shareholding, and ensure the achievement of the company's long-term business goals. Amount and source of repurchase: Not more than 3 billion yuan, not less than 1.5 billion yuan. The funds required for this repurchase will be sourced from the company's own funds or self-raised funds. Quantity of repurchase: Assuming the repurchase share price does not exceed 100 yuan/share, based on the upper limit of 3 billion yuan, it is estimated that the number of repurchased shares will be no less than 30 million shares, accounting for approximately 0.39% of the company's currently issued total share capital; based on the lower limit of 1.5 billion yuan, it is estimated that the number of repurchased shares will be no less than 15 million shares, accounting for approximately 0.20% of the company's currently issued total share capital. The specific quantity of repurchased shares will be based on the actual number of shares repurchased when the repurchase period expires.