This afternoon (April 22) the first extraordinary shareholders' meeting of Gree Electric Appliances in 2025 was held at Zhuhai Gree Electronic Components Co., Ltd.

This extraordinary general meeting of shareholders mainly discusses related proposals such as the election of the board of directors of Gree Electric Appliances. A reporter from "Daily Economic News" attended the meeting on the spot and learned that Dong Mingzhu, chairman and president of Gree Electric Appliances, was elected as a non-independent director of the 13th Board of Directors with more than 3.3 billion shares of agree-subject votes and a high vote rate of more than 100%.

Dong Mingzhu is elected as a new director this time and is expected to be re-elected as chairman, thus starting her fifth three-year term in charge of Gree Electric Appliances.

Dong Mingzhu, photo source: Photo by Chen Pengli, reporter of China Business News (data photo)

Dong Mingzhu appeared at the shareholders' meeting and answered investors' questions, saying that Gree Electric has long paid great attention to talent cultivation, and it is not about measuring talents based on age or qualifications. "Even if you are 90 years old this year, I can use you if you can. If you are 20 years old this year, I can use you if you are excellent." Dong Mingzhu believes that the key to "rejuvenating" is to keep your thoughts and spirit young.

Dong Mingzhu said that Gree Electric's "dividing point" was around 2012. Before 2012, Gree Electric did not have much core technology. After 2012, Gree gradually achieved mastery of core technology. Speaking of Gree's software and AI (artificial intelligence) capabilities, Dong Mingzhu said that Gree Electric's software capabilities are not problematic. The company began to study chip design in 2015, and today it has achieved a closed loop in the entire industrial chain from design, manufacturing and packaging. These technologies may provide great support for Gree's future development.

Dong Mingzhu said that in the era of Internet and intelligence, the safety of consumers' lives is the most important. She said, "We are doing a good job in technology, not following the trend or bragging.

When responding to Gree Titanium's related issues, Dong Mingzhu said that through practice in recent years, she has selected the right technology path of Gree Titanium, and there has never been a fire accident in Gree Titanium's new energy vehicles. Now Gree’s first element in product awareness is safety. If the safety problem is not solved, it should not make this product. Dong Mingzhu said: "From the technical path, our choice is definitely not wrong." According to her, Gree Titanium has carried out drastic work this year in management, technological innovation and sales systems. She also hopes that everyone will look at the overall direction and overall results of Gree Electric Appliances.

In addition, Dong Mingzhu mentioned in the investor question: "I am now the chairman of the International Compressor Standards Committee, and it is our Gree that has set the compressor standards." She also said: "Domestic air conditioners are low-priced. I saw that an air conditioner was sold for 1,000 yuan online. Is it paper-based? In this case, we still have to stick to our conscience and not go with the flow. I think there is technology and quality first, and then we will talk about the price."

According to historical announcements from Gree Electric Appliances, Dong Mingzhu was born in 1954 and is 71 years old. She joined Gree Electric in 1990. She has served as general manager, vice chairman and president of Gree Electric since 2001, and has served as chairman and president of Gree Electric since 2012.

Up to now, Dong Mingzhu holds 101 million shares of the company and is a joint actor of Zhuhai Mingjun Investment Partnership (Limited Partnership), a shareholder who holds more than 5% of the company's shares.

In December last year, Dong Mingzhu talked about the topic of "retirement" again in a conversation with Sina Finance CEO Deng Qingxu. At that time, Dong Mingzhu mentioned: "All my investors will not let me retreat. The people who want me to withdraw are not investors, nor are they my employees." Recently, the "Document" column released a conversation between Dong Mingzhu and New Oriental founder Yu Minhong. Dong Mingzhu said in the program: "I have a few seedlings now, and try it on different platforms."

More news:

Why can Dong Mingzhu’s votes exceed 100%?

This bill vote adopts a cumulative voting system.

Under the cumulative voting system, for each billing group, each share holder has a total number of votes equal to the number of directors or supervisors to be elected under the billing group. Shareholders can vote centrally to a certain candidate according to their own wishes, or they can vote in any combination to different candidates. For example, in the company's general meeting of shareholders, there are 6 candidates under the proposal. Assuming that the shareholders attending the meeting hold a total of 100 shares, all shareholders have a total of 600 votes in the election of the proposal. If one of the candidates receives 200 votes, the vote rate is 200 shares of the votes received/100 shares of the voting shares of the shareholders and shareholder agents attending the meeting = 200%, which will exceed 100%.

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[Editor in charge: Xie Wei PF123]