Gree Real Estate announced that Zhuhai Huafa Group obtained 100% of Gree Real Estate's shares through a free transfer of state-owned shares, which led to an indirect holding of 44.95% of Gree Real Estate's shares. This acquisition is a situation where free transfer of state-owned assets is carried out with the approval of the government or the state-owned assets management department, and is exempt from issuing an offer in accordance with the provisions of Article 63 of the “Administrative Measures on Takeovers of Listed Companies”. The acquirer undertakes that there are no false records, misleading statements or major omissions in the summary of this report, and bears individual and joint legal responsibility for its authenticity, accuracy, and completeness.

Gree Real Estate announced that Zhuhai Huafa Group obtained 100% of Gree Real Estate's shares through a free transfer of state-owned shares, which led to an indirect holding of 44.95% of Gree Real Estate's shares. This acquisition is a situation where free transfer of state-owned assets is carried out with the approval of the government or the state-owned assets management department, and is exempt from issuing an offer in accordance with the provisions of Article 63 of the “Administrative Measures on Takeovers of Listed Companies”. The acquirer undertakes that there are no false records, misleading statements or major omissions in the summary of this report, and bears individual and joint legal responsibility for its authenticity, accuracy, and completeness.