Midea Group Co., Ltd (00300) plans to repurchase and cancel a total of approximately 1,493,540 restricted stocks.

Midea Group Co., Ltd. (00300) announced that the company plans to repurchase and cancel a total of 258,668 restricted stocks granted to 18 2021 restricted stock incentive recipients that have not yet been released from restriction. The company also plans to repurchase and cancel a total of 681,500 restricted stocks granted to 22 2022 restricted stock incentive recipients that have not yet been released from restriction. Additionally, the company plans to repurchase and cancel a total of 553,375 restricted stocks granted to 29 2023 restricted stock incentive recipients that have not yet been released from restriction.