On the evening of May 5, Gree Electric Appliances issued a correction notice. Therefore, Dong Mingzhu, the former chairman and president of Gree Electric Appliances, filled in the wrong share status, and now the "frozen" is corrected to "pledge".

Gree Electric said that after verification, due to individual information input error, the status of Dong Mingzhu's shares among the top ten shareholders as of the end of the report was mistakenly filled in as "frozen". Now the relevant content is corrected, and the status of Dong Mingzhu's shares is filled in as "pledged" after correction.

In response, Gree Electric Appliances said that the resulting inconvenience to investors, the company is deeply sorry for the majority of investors understanding. The company will further strengthen the management of information disclosure and improve the quality of information disclosure.

Or affected by this event, May 4 opening, Gree Electric Appliances lower open lower, the stock price hit the limit. As of the close of trading on May 5, Gree Electric Appliances traded at 35.15 yuan per share, down 0.76%, with a market value of 19.9 billion yuan.

At the end of April, Gree Electric Appliances released its annual report for 2022 and the first quarter of this year. During the reporting period, Gree Electric Appliances' total revenue last year was 190.151 billion yuan, with a year-on-year growth of 0.26%, and the net profit attributable to shareholders of listed companies was 24.507 billion yuan, with a year-on-year growth of 6.26%.

The revenue of Gree Electric Appliances' air conditioning business was 134.9 billion yuan last year, accounting for 71.36 percent, up 2.39 percent year on year. In the first quarter of this year, Gree Electric Appliances sales recovered significantly. Gree Electric Appliances posted a revenue of 35.456 billion yuan in the first quarter, up 0.56 percent year on year, and net profit of 4.109 billion yuan in the first quarter, up 2.65 percent year on year. At the same time, Gree Electric Appliances generated net cash flow of 15.065 billion yuan in the first quarter of this year, a year-on-year increase of 343.84%; Contract liabilities also increased by nearly 9 billion yuan.