Gree Electric Appliances (Hangzhou) Co., Ltd.

I. Company Profile Gree Electric Appliances (Hangzhou) Co., Ltd. was registered and established in April 2016, with a total investment of over RMB 7 billion. The company is located at No. 2345 Jiangdong 1st Road, Qiantang New Area, Hangzhou City, on the east bank of the Qiantang River and adjacent to Hangzhou Bay, enjoying a superior geographical location. Gree Electric Appliances (Hangzhou) Co., Ltd. is a wholly-owned subsidiary of Zhuhai Gree Electric Appliances Joint-stock Co., Ltd. and is Gree's 11th largest production base built worldwide. The company mainly produces split air conditioners, multi-split indoor units, window air conditioners, dehumidifiers and other products. Its sales market is "export-oriented while also serving domestic sales"; domestic sales are based in Hangzhou and radiate to East China and Central China markets, while exports mainly target the Middle East, North America and other regions. This base will become Gree's largest export base. II. Company Positioning Relying on the headquarters' advanced technology, solid quality and first-class management, the company strives to build a leading "smart factory" featuring "automation, informatization, intelligence, flexibility, leanness, greenness, customization and agility". The company adopts top-tier production processes and leading automated production equipment in the industry, and applies a "green" concept from design to production, ensuring green and environmentally friendly practices throughout the entire production process. All production units in the company's industrial park use Gree's self-developed photovoltaic direct-drive variable-frequency centrifugal chillers, ensuring product quality while also creating a comfortable and tidy working environment for frontline production employees. Under the premise of ensuring lean production conditions, the company has created a flexible export production model, applied a high-end intelligent logistics system, built automated logistics, integrated the intelligent stereoscopic warehouses of each production unit, and formed an aerial circular logistics system. Through information systems, on-site production parameters are centrally controlled in a compatible manner, achieving seamless connection between information flow and physical flow, with production materials "never touching the ground" from entering the plant to finished products leaving the factory. At the same time, leveraging the inherent advantages of Hangzhou's e-commerce model, the company creates products that quickly adapt to users' customized requirements. Combined with advanced logistics, it delivers a user experience of fast ordering, fast production and fast shipping. III. Company Philosophy The company pursues the management policy of "fairness and justice, openness and transparency, and clear distinction between public and private interests", adheres to independent innovation, actively promotes technological upgrading and transformation, strives to build an industry "smart factory" and benchmark factory, reshapes the brand image of Made in China, and strives to "let the world fall in love with Made in China".