Gree Electric Appliances: Shareholder Zhuhai Mingjun plans to reduce its holdings by no more than 2%.

Gree Electric Appliances announcement, the largest shareholder Zhuhai Mingjun Investment Partnership Enterprise holds 9.02 billion shares of the company, accounting for 16.11%. It plans to reduce its holdings by no more than 1.12 billion shares in a block trade within 3 months, starting 15 trading days after the disclosure of this announcement, not exceeding 2% of the total share capital excluding shares held in the repurchase dedicated account. The proceeds from the reduction will be used to repay bank loans, and the price range for the reduction will be determined based on the market price at the time of the reduction.