Midea Group announced that the company plans to repurchase shares through centralized bidding. The repurchase amount shall not exceed 10 billion yuan and not less than 5 billion yuan. The capital shall be its own funds and/or special stock repurchase loans. The repurchase price is no more than 100 yuan/share. The estimated number of shares to be repurchased is not less than 50 million shares and no more than 100 million shares, accounting for about 0.65%-1.30% of the company's total issued share capital. The repurchased shares will be used to cancel and reduce the registered capital and implement an equity incentive plan and/or employee stock ownership plan. Of these, 70% or more of the repurchased shares will be used to cancel and reduce the registered capital. The repurchase period shall not exceed 12 months from the date the shareholders' meeting reviews and approves the share repurchase plan.

Midea Group announced that the company plans to repurchase shares through centralized bidding. The repurchase amount shall not exceed 10 billion yuan and not less than 5 billion yuan. The capital shall be its own funds and/or special stock repurchase loans. The repurchase price is no more than 100 yuan/share. The estimated number of shares to be repurchased is not less than 50 million shares and no more than 100 million shares, accounting for about 0.65%-1.30% of the company's total issued share capital. The repurchased shares will be used to cancel and reduce the registered capital and implement an equity incentive plan and/or employee stock ownership plan. Of these, 70% or more of the repurchased shares will be used to cancel and reduce the registered capital. The repurchase period shall not exceed 12 months from the date the shareholders' meeting reviews and approves the share repurchase plan.