Midea Group Co., Ltd. (SZSE:000333) commences share repurchases on June 3, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 21, 2021. As per the mandate, the company is authorized to repurchase up to CNY 5,000 million worth of shares. The shares will be repurchased at a price of not more than CNY 100 per share. The shares purchased will be cancelled. The program will be funded out of the company's own funds. The program will be valid till 12 months from the date when the shareholders approved the plan.