19, Gree Electric issued the announcement of Foreign Investment and Related Transactions.
The announcement said that the company had signed the Share Transfer Agreement with 12 counterparties on December 19, 2023, intending to transfer 271 million shares of Gree Titanium (24.54% of the total share capital of Gree Titanium). The transaction consideration is 1.015 billion yuan , and the company will control the voting rights of about 800 million shares of Gree Peptide, accounting for 72.47% of the total share capital of Gree Peptide. Dong Mingzhu, chairman and president
of Gree Electric Appliances, does not participate in the transaction, and his shares in Gree Peptide remain unchanged.
In addition to the 12 counterparties mentioned above, Gree Electric will continue to increase its holdings of Gree Titanium by no more than 304 million shares (27.53% of Gree Titanium's total equity) in the next 12 months.
Gree Electric said in the announcement that Gree Peptide is an important part of the company's new energy sector.
Gree Peptide is a comprehensive new energy industry group which integrates lithium titanate battery core materials, batteries, intelligent energy storage system, new energy vehicle research and development, production, sales and power battery recycling.
The announcement shows that in 2022, the business scale and gross profit of Gree Peptide have been greatly improved, with business income of 2.587 billion yuan and gross profit of 413 million yuan . Year-on-year growth of 27.69%, 230.20% . In the first half of 2023, the operation of Gree Peptide continued to improve, with operating income of 1.440 billion yuan , an increase of 23.31% over the same period in 2022.
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