Midea Group Reports September Share Capital Movements; Confirms Public Float Compliance

Bulletin Express
Oct 07

Midea Group Co., Ltd. filed its Monthly Return for the period ended 30 September 2026, detailing minor adjustments to authorised and issued capital across its A and H share classes.

Authorised Capital • Registered share capital closed the month at RMB 7.63 billion after a 1.13 million increase in authorised A shares to 6.98 billion; authorised H shares remained unchanged at 0.65 billion.

Issued Shares and Treasury Stock • H shares: 0.65 billion issued shares remained in place, but 0.64 million were repurchased and held as treasury shares, reducing the free float to 650.20 million. • A shares: 6.79 billion issued shares were outstanding at month-end, down 6.31 million. Treasury A shares rose by 7.44 million to 187.65 million, designated for incentive plans or future cancellation.

Public Float The company confirmed compliance with the Hong Kong Exchange’s 5 % minimum public-float requirement for PRC issuers.

Equity Incentive Activity • Under the Ninth Stock Option Incentive Plan, 1.13 million A-share options were exercised, yielding RMB 46.94 million in cash proceeds. Outstanding options total 12.35 million shares.

Convertible Bonds • Two zero-coupon guaranteed convertible bond tranches, each of HKD 8.62 billion, remain outstanding. Post-adjustment conversion prices are HKD 91.82 (2027 maturity) and HKD 109.78 (2033 maturity). Full conversion would add up to 172.48 million H shares.

Share Repurchases and Transfers • H-share buybacks during the month totaled 0.64 million shares. • For A shares, 23.21 million were repurchased, while 15.77 million treasury shares were used to satisfy share-based awards, producing a net 7.44 million increase in treasury holdings.

Outlook As of 30 September 2026, Midea Group retains flexibility to issue or transfer up to 12.35 million A shares via outstanding options and 172.48 million H shares through convertible bonds. No new grants are planned under existing restricted-share schemes, and any unused treasury A shares will ultimately be cancelled if not deployed for incentives.

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