Gree Electric Appliances: major shareholder increases stake to 7.83%

Zhuhai Gree Electric Appliances Co. announced today that Jinghai Internet Technology Development Co. (Jinghai Interconnect), a shareholder owning 5% or more, has completed its share increase plan. From March 20, 2025, to September 2, 2025, Jinghai Interconnect acquired 46,382,708 shares of Gree Electric Appliances through centralized bidding, using its own funds and specialized bank loans.

This acquisition represents 0.8281% of the company's total share capital, with a total value of 2,099,385,500 yuan. This amount exceeded the original plan's lower limit of 1,050,000,000 yuan, but did not surpass the upper limit of 2,100,000,000 yuan. Following the completion of this plan, Jinghai Interconnect now holds 438,825,662 shares, accounting for 7.8342% of Gree Electric Appliances' total share capital.

The company affirmed that this share increase complies with relevant laws and regulations. The completion of the plan will not affect the company's listing status or lead to changes in its control.