Changes in the Shareholding Structure of Gree Group, Indirect Controlling Shareholder of Zhuhai Mian Group

Zhuhai Mian Group announced that there has been a change in the shareholding structure of its indirect controlling shareholder, Gree Group. The Zhuhai State-owned Assets Supervision and Administration Commission will inject its 91.38% stake in Gree Group into Zhuhai Capital as a non-monetary contribution. The relevant business registration changes have been completed. After the capital increase, the controlling shareholder of Gree Group will change from the Zhuhai State-owned Assets Supervision and Administration Commission to Zhuhai Capital, which will still be 100% owned by the Zhuhai State-owned Assets Supervision and Administration Commission. After the change, the company's controlling shareholder remains Zhuhai Investment Holding Co., Ltd., and the actual controller remains the Zhuhai State-owned Assets Supervision and Administration Commission, with no changes in the controlling shareholder or actual controller. This change will not affect the company's financial status, asset value, or ongoing operational capability.

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