GREE ELECTRIC APPLIANCES,INC.OF ZHUHAI

Gree Electric Appliances, Inc. of Zhuhai is a diversified and technological global industrial group listed on the Shenzhen Stock Exchange since 1996. The company operates under three major consumer brands—Gree, TOSOT, and KINGHOME—and several industrial brands, including LANDA, Kaibang, and Xinyuan. Gree's operations span two primary sectors: household consumer goods and industrial equipment, offering a wide range of products that include residential air conditioners, HVAC systems, refrigerators, washing machines, water heaters, and smart household appliances. The company is committed to independent innovation and focuses on low-carbon, intelligent solutions across its product lines. Gree maintains a strong market presence in the central air conditioning sector, with a significant market share. It employs a dual-channel strategy, utilizing both offline stores and online platforms to enhance product visibility. Gree is also expanding its offerings in lifestyle appliances and continues to experience growth in its intelligent equipment and industrial products segments, driven by technological expertise and a robust supply chain.

GREE is committed to independent innovation and continuously iterates and upgrades its air conditioning products based on the philosophy of “low-carbon and green, comfortable and healthy, personalized and intelligent.” It steadfastly implements a “10-year free warranty” policy for domestically sold residential air conditioners and consistently leads the industry toward sustainable development. Guided by the product strategy of “Choose GREE for Central Air Conditioning, Rely on GREE for System Energy Saving,” GREE provides low-carbon and intelligent solutions for diverse scenarios and industries. According to the “2025H1 China Central Air Conditioning Industry Development Report” published by iMedia’s HVAC & Heat Pumps, GREE Central Air Conditioning maintained its industry leadership in the first half of 2025 with a 15% market share, demonstrating the company’s leadership and brand influence in the central air conditioning market. Through the coordinated layout of offline “Dong Mingzhu Healthy Home” stores and online self-operated and third-party e-commerce platforms, GREE has enhanced the exposure and awareness of its whole-house smart appliances. Meanwhile, GREE continues to drive product development and product line expansion, with growing market recognition for lifestyle appliances such as refrigerators and washing machines. Leveraging strong technological expertise and superior supply chain advantages, GREE is seizing growth opportunities, achieving a 20.90% year-over-year growth in operating revenue for its intelligent equipment segment and a 17.13% year-over-year growth for the industrial products and green energy segment. The craftsmanship of “GREE Intelligent Manufacturing” continues to gain market acclaim.