Midea Group: Has repurchased 87.3904 million A-shares, with a total amount of funds used at 6.973 billion yuan.

date
05/08/2026
On August 5, Midea Group announced that it would hold the 13th meeting of its fifth Board of Directors on March 30, 2026, where it approved the "Plan for the Repurchase of the Companys A-Shares through Centralized Competitive Trading." The company agreed to repurchase a portion of its issued A-shares through centralized trading to implement an equity incentive plan and/or an employee stock ownership plan, with a repurchase price not exceeding 100 yuan per share and a repurchase amount not exceeding 13 billion yuan and not less than 6.5 billion yuan. The implementation period is within 12 months from the date of the board's approval of the repurchase plan. As of July 31, 2026, the company had cumulatively repurchased 87.3904 million shares, accounting for 1.15% of its total equity, with a repurchase price range of 73.66 yuan per share to 87.71 yuan per share, and a total fund usage of 6.973 billion yuan.