Midea Group Co., Ltd (00300) plans to repurchase 6.5 to 13 billion yuan worth of A-shares.

Midea Group Co., Ltd. (00300) announced that the company held the thirteenth meeting of the fifth board of directors on March 30, 2026, and approved the "Proposal on Repurchasing A-shares of the Company through Centralized Bidding". The company agreed to repurchase some domestically issued A-shares through centralized bidding trading method, to be used for implementing equity incentive plans and/or employee share ownership plans. Based on the company's current financial situation and operating conditions, the total amount of funds for this repurchase of shares shall not exceed 13 billion yuan and not be less than 6.5 billion yuan. The source of funds will be the company's own funds and/or a special stock repurchase loan provided by the Bank of China Shunde Branch, with the repurchase price not exceeding 100 yuan per share.