Midea Group Cuts Outstanding A Shares by 0.01% Through RMB 50.00 Million Buyback and Stock-Option Exercises

Bulletin Express04-17 18:43

Midea Group Co., Ltd. disclosed that on 17 April 2026 it repurchased and re-issued shares under its employee incentive schemes, leading to a net reduction of 0.01% in outstanding A shares.

The company bought back 635,680 A shares on the Shenzhen Stock Exchange at prices between RMB 77.99 and RMB 79.24 per share, for a volume-weighted average of RMB 78.65. The transaction cost totalled RMB 50.00 million, and the shares were classified as treasury stock for future incentive or ownership plans.

Concurrently, employees exercised options under two incentive plans, resulting in the issue of 114,438 new A shares—74,728 shares from the Eighth Stock Option Incentive Plan at RMB 70.29 per share and 39,710 shares from the Ninth Plan at RMB 45.16 per share.

After these movements, issued shares (excluding treasury shares) declined by 521,242 to 6.86 billion, while treasury shares rose to 90.52 million. Total share capital now stands at 6.95 billion shares.

The board confirmed that all transactions complied with Shenzhen Stock Exchange regulations and Hong Kong Main Board Rule 13.25A disclosure requirements.

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