Kangheng Group: Zhuhai Gree Supply Chain intends to increase the capital of the company's wholly-owned subsidiary by converting 200 million yuan of debt into equity.

Kangheng Corporation announced that its affiliated company Zhuhai Gree Supply Chain Management Co., Ltd. intends to increase its capital by injecting 200 million yuan of debt rights it holds in the company's wholly-owned subsidiary Shenzhen Haoneng Technology Co., Ltd., and subscribe for 1989.307 million yuan of additional registered capital of Shenzhen Haoneng. After the capital increase is completed, the registered capital of Shenzhen Haoneng will increase to 5989.307 million yuan, the company will hold 66.79% of its shares, Gree Supply Chain will hold 33.21% of its shares, and Shenzhen Haoneng will change from a wholly-owned subsidiary of the company to a holding subsidiary.