Midea Group(SZ:000333) Zheng Quan Zhi Xing·2025-09-05 16:34Core Viewpoint - Midea Group is proceeding with the repurchase and cancellation of certain restricted stocks as part of its incentive plans for 2022 and 2023, following legal compliance and necessary approvals [1][3]. Group 1: Legal Compliance and Approval - The law firm confirms that Midea Group has provided all necessary documentation and assurances for the legal opinion regarding the stock repurchase [2]. - The company has completed the required procedures for the repurchase, including approval from the Compensation and Assessment Committee [2][3]. Group 2: Details of the Stock Repurchase - For the 2022 incentive plan, Midea Group will repurchase and cancel a total of 178,667 shares from 8 individuals who are no longer suitable as incentive targets [4]. - For the 2023 incentive plan, the company will repurchase and cancel a total of 123,750 shares from 10 individuals, including 123,000 shares from 9 individuals and 750 shares due to a job adjustment [4]. - The total number of shares to be repurchased and canceled amounts to 302,417 shares, which will be funded entirely from the company's own funds [4]. Group 3: Notification to Creditors - Midea Group will notify creditors regarding the reduction in share capital, allowing them 45 days to declare their claims [5]. - Creditors who do not exercise their rights within the specified period will still retain the validity of their claims, and the company will continue to fulfill its obligations [5].