Gree Electric Appliances announced that its largest shareholder, Zhuhai Mingjun Investment Partnership (Limited Partnership), holds 902 million shares of the company, representing 16.11% of the total shares. It intends to reduce its holding by no more than 112 million shares via block trades within three months starting 15 trading days after the date of this announcement. This reduction will not exceed 2% of the company’s total issued share capital, excluding shares held in the special repurchase account. The proceeds from the sale will be used to repay bank loans, and the price range for the sale will be determined based on market prices at the time of the transaction.