On the evening of the 22nd, Gree Electric announced that Zhuhai Mingjun investment partnership (limited partnership) (hereinafter referred to as "Zhuhai Mingjun"), the company's largest shareholder, would hold more than 90 million shares of the company for supplementary pledge. At present, all the shares held by Zhuhai Mingjun have been pledged. Gree Electric Appliance said that on the 22nd, the company received a notice from Zhuhai Mingjun, which supplementary pledged its 90235964 shares of the company to Zhuhai branch of Agricultural Bank of China Co., Ltd. (hereinafter referred to as "Zhuhai branch of Agricultural Bank of China"). The pledged amount accounts for 10% of the shares held by Zhuhai Mingjun and 1.53% of the total share capital of the company. The re pledge of some shares of Zhuhai Mingjun to Agricultural Bank of China is the repayment obligation of the loan under the loan agreement (the "new loan agreement") signed with Agricultural Bank of China, Bank of communications and Ping An Bank on April 28, 2021. The pledge maturity date will be in accordance with the new loan agreement and the stock pledge agreement signed by Zhuhai Mingjun and Agricultural Bank of China on the above Pledged Shares And adjustment of loan repayment. According to the announcement, after this supplementary pledge, the number of Pledged Shares of Zhuhai Mingjun accounted for 100% of its shares in Gree Electric Appliance, accounting for 15.26% of the total share capital of the company. In addition, at present, Dong Mingzhu's 17162800 shares of the company are pledged, accounting for 38.58% of the shares, 0.29% of the total share capital of the company, and Dong Mingzhu's current shareholding ratio is 0.75%. Source: Gree Electric Bulletin Gree Electric said that according to the company law, Dong Mingzhu's annual transfer of shares during his tenure as a director and senior manager of the company shall not exceed 25% of the total shares of the company he holds. The "restricted and frozen quantity of Pledged Shares" and "restricted and frozen quantity of non Pledged Shares" (i.e. 17162750 shares and 16203619 shares) in the above table are non restricted tradable shares that cannot be sold in the current year according to this provision. On November 9, 2021, the company completed the cancellation registration procedures of phase II repurchase shares (101261838 shares), and the total share capital of the company was reduced from 6015730878 shares to 5914469040 shares. Therefore, the shareholding proportion of Zhuhai Mingjun passively increased to 15.26%. According to the announcement, as of November 19, 2021, Zhuhai Mingjun, the largest shareholder of Gree Electric Appliance, and Dong Mingzhu, the person acting in concert, pledged a total of 919522382 shares, accounting for 97.11% of the company's shares. Gree Electric said that the share pledge financing is not used to meet the production and operation related needs of listed companies. Zhuhai Mingjun has no pledged shares due in the next six months and one year. The repayment source of this share pledge financing is the self owned and self raised funds of Zhuhai Mingjun. Zhuhai Mingjun is in good credit condition and has corresponding capital solvency. As of the disclosure date of this announcement, Zhuhai Mingjun and its persons acting in concert have not infringed the interests of the listed company such as occupation of non operating funds and illegal guarantee. As of the disclosure date of this announcement, the share pledge of Zhuhai Mingjun and its persons acting in concert has not had a material impact on the production and operation and corporate governance of the listed company, and Zhuhai Mingjun and its persons acting in concert have no performance compensation obligation to perform. In addition, according to the provisions of the new loan agreement, if there is a significant change in the share price of the listed company, resulting in the pledge rate of the loan balance corresponding to the existing listed company shares pledged to the lender exceeding 60%, Zhuhai Mingjun needs to provide supplementary guarantee to the lender after such circumstances, so that the pledge rate after supplementary pledge does not exceed 60%, Therefore, Zhuhai Mingjun provides the above supplementary pledge in accordance with the provisions of the loan agreement. All loans related to this pledge do not have a position closing mechanism linked to the rise and fall of market value, and there is no position closing risk. According to the financial report, in the first three quarters, Gree Electric realized an operating revenue of 138.135 billion yuan, a year-on-year increase of 9.73%; The net profit attributable to shareholders of listed companies was 15.645 billion yuan, a year-on-year increase of 14.21%. In the third quarter, the company realized an operating revenue of 47.083 billion yuan, a year-on-year decrease of 16.50%; The net profit attributable to shareholders of listed companies was 6.188 billion yuan, a year-on-year decrease of 15.66%. In the secondary market, according to wind data, Gree Electric Appliance fell 0.53% to 35.72 yuan / share at the close of the 23rd, with a cumulative decline of more than 33% during the year. As of the 23rd, the total number of shareholders of Gree Electric was 887991. (Xinhua News Agency)