Midea Group announced on the evening of October 8 that as of September 30, the company had repurchased a total of 123 million A-shares through a dedicated repurchase securities account via centralized bidding, accounting for 1.61% of the company's current total share capital. The highest transaction price was 87.71 yuan per share, the lowest was 73.66 yuan per share, and the total amount paid was 9.94 billion yuan, excluding transaction fees. Previously, on March 30, 2026, the company's repurchase plan was approved at the 13th meeting of the fifth board of directors, with a repurchase price not exceeding 100 yuan per share, a repurchase amount not exceeding 13 billion yuan and not less than 6.5 billion yuan, and an implementation period of 12 months from the date of board approval. The original purpose was to implement an equity incentive plan and/or an employee stock ownership plan. Subsequently, on April 29, 2026, the company approved a change proposal at the 14th meeting of the fifth board of directors, changing the purpose of the repurchased shares to cancellation for reducing registered capital in accordance with the law.
Midea Group Co LtdMidea repurchased 123 million A-shares for 9.94 billion yuan and will cancel them to reduce registered capital, a shareholder-return event.
