Midea Group Co., Ltd plans to repurchase Stocks with an amount ranging from 5 billion yuan to 10 billion yuan.

Midea Group Co., Ltd announced that the company intends to repurchase Stocks through a centralized bidding method, with a repurchase amount not exceeding 10 billion yuan and not less than 5 billion yuan, funded by self-owned funds and/or special loans for Stocks repurchase. The repurchase price will not exceed 100 yuan per share, with an estimated repurchased quantity of not less than 50 million shares and not exceeding 0.1 billion shares, accounting for approximately 0.65%-1.30% of the company's currently issued total share capital. The repurchased Stocks will be used for cancellation and reduction of registered capital and the implementation of the equity incentive plan and/or employee stock ownership plan, with 70% or more of the repurchased Stocks being used for cancellation and reduction of registered capital. The repurchase period will not exceed twelve months from the date the Shareholder meeting approves the Stocks repurchase plan.