美的集团股份有限公司第五届董事会第十一次会议决议公告

Core Viewpoint - Midea Group's board of directors approved the repurchase and cancellation of restricted stock incentives due to the departure of certain employees, affecting both the 2022 and 2023 incentive plans [1][4][31][34]. Summary by Sections 2022 Restricted Stock Incentive Plan - The board approved the repurchase and cancellation of 178,667 shares from 8 individuals who are no longer suitable as incentive targets due to their departure [1][31]. - The repurchase price for these shares is set at 26.47 CNY per share, which was later adjusted to 23.97 CNY per share following the company's profit distribution plan [32][34]. 2023 Restricted Stock Incentive Plan - The board approved the repurchase and cancellation of a total of 123,750 shares from 10 individuals, including 9 due to departure and 1 due to a job adjustment [4][35]. - The repurchase price for these shares is set at 28.39 CNY per share, which was later adjusted to 25.89 CNY per share [35][36]. Decision-Making Process - Both repurchase proposals were reviewed and approved by the board's remuneration and assessment committee before being submitted for shareholder approval [3][5][6]. - The decisions comply with relevant regulations and the company's articles of association [39]. Impact on Company - The repurchase and cancellation of these shares will not materially affect the company's financial condition or operational results, nor will it impact the diligence of the management team [38].