On 14 May 2026, Midea Group disclosed a series of equity transactions involving an on-market share repurchase and the exercise of employee stock options, resulting in a marginal net reduction of its outstanding A-shares.

Share repurchase • Midea acquired 1.23 million A-shares on the Shenzhen Stock Exchange for its stock incentive and ownership schemes. • Purchase price range: RMB 80.40 – RMB 82.06 per share, with a volume-weighted average of RMB 81.57. • Total outlay: RMB 100.00 million. • Repurchased shares will be held as treasury stock; none have been cancelled to date.

Option exercises • Eighth Stock Option Incentive Plan: 188,457 new A-shares issued at RMB 70.29 per share, raising about RMB 13.25 million. • Ninth Stock Option Incentive Plan: 57,400 new A-shares issued at RMB 45.16 per share, raising about RMB 2.59 million. • Combined option exercises added 245,857 shares, expanding total issued share capital by 0.0035%.

Share-capital movement • Opening (13 May 2026): 6.85 billion issued shares (excluding treasury) and 105.04 million treasury shares. • Closing (14 May 2026): 6.85 billion issued shares (excluding treasury) and 106.26 million treasury shares. • Net change: issued shares (excluding treasury) fell by 0.98 million, a 0.014% decrease; total issued shares rose by 0.25 million to 6.96 billion due to option exercises.

Governance and compliance The board confirmed all transactions were duly authorised and conducted in accordance with Hong Kong Stock Exchange listing rules, PRC regulations and Shenzhen Stock Exchange repurchase requirements.

Implications The simultaneous execution of a RMB 100 million buyback and modest option-driven share issuance reflects Midea’s ongoing capital management strategy, balancing shareholder returns with employee incentive schemes.