Midea Group Co., Ltd (00300) has completed the cancellation of 11.09 million shares.

Midea Group Co., Ltd (00300) announced that as of March 10, 2023, the company has repurchased a total of 48.559 million shares, accounting for 0.6927% of the company's total share capital. The highest transaction price was 60.05 yuan/share, the lowest transaction price was 48.08 yuan/share, and the total amount paid was 2.637 billion yuan (excluding trading fees). On March 28, 2025, and May 30, 2025, the company held the sixth meeting of the fifth board of directors and the annual general meeting of shareholders in 2024, respectively, and approved the "Proposal on Changing the Purpose of Repurchasing Shares and Cancelling them." The company agreed to change the remaining use of repurchased shares from the proposal "Regarding the Repurchase of Part of the Shares from the Public" passed at the sixth meeting of the fourth board of directors held on March 10, 2022, to "used for cancellation and reduction of the company's registered capital." The number of shares repurchased for this change in purpose is 11.0907 million shares. On June 24, 2025, the company completed the procedures for canceling the repurchased 11.0907 million shares at the Shenzhen branch of China Securities Depository and Clearing Corporation. The cancellation of the repurchased shares will not have a substantial impact on the company's financial condition and operating results.