Midea Group: Has repurchased 26.9437 million shares, using a total amount of 1.998 billion yuan.

date
02/02/2026
Midea Group announced on February 2nd that the company held the seventh meeting of the fifth board of directors on April 8, 2025, and approved the "Proposal on the Repurchase of Company's A Shares through Centralized Competitive Bidding". The company agreed to repurchase some of its issued A shares through centralized competitive bidding, for the purpose of implementing equity incentive plans and/or employee shareholding plans. The repurchase price will not exceed 100 yuan per share, with a total repurchase amount not exceeding 3 billion yuan and not less than 1.5 billion yuan, and the implementation period will be within 12 months from the date of approval of the share repurchase scheme by the board of directors. As of January 31, 2026, the company has repurchased a total of 26.9437 million shares, accounting for 0.35% of the total share capital of the company, with a repurchase price ranging from 69.5 yuan per share to 80.44 yuan per share, and a total fund utilization of 1.998 billion yuan.