2007 General Meeting of Shareholders of Gree Electric Appliance

2007 General Meeting of Shareholders of Gree Electric Appliance

The senior management of the enterprise is confident in the sales target set at the beginning of this year

On June 20, various investment organizations gathered at the 2007 General Meeting of Shareholders of Gree Electric Appliance. When facing investors with the close attention and full of questions , Zhu Jianghong, chairman of Gree Electric Appliance expresses that no matter how serious is the macro control and industrial competition as well as the pressure from price rise for the raw materials, they won t stop the step of the continuous growth of Gree Electric Appliance and the enterprise is confident on achieving the sales target set at the beginning of this year.

Zhu emphasizes that, compared with Gree s present advantage on the largest scale in the world and the sales channel to be admired and copied by similar trade, possessing core technology and innovation ability are the core and base for future development of Gree Electric Appliance. With regard to the new policy on Energy Efficiency Ratio to be carried out soon, Zhu also expresses that Gree has well prepared for this aspect several years ago and therefore Gree is completely capable to handle with it once it is carried out.

With regard to the practice of some home appliance enterprises in establishing the mode of sales company, Dong Mingzhu, president of Gree Electric Appliance, states that she is delightful of this and this has testified the success of Gree Sales Mode again. However, she calls attention that the current relation between Gree and its dealers is not the simple relation between the factory and businessmen any more due to the equity bundling, and it has sublimated into a higher level, that is, the dealers will be the closest strategic partners of Gree Electric Appliance for ever, but this is not so easy to do. She also expresses that we hope to increase the market share of Gree ceaselessly throughout the world by relying on our certain economic growth each year and finally reach the market share of about 40%.