Gree Electric appliances Additional 250 million shares to expand business scale

August 18, Zhuhai Gree Electric Appliance Co., Ltd. (000651. SZ, referred to as Gree electrical appliances issued a notice, in order to further develop market share, expand business scale, enhance profitability and research and development efforts, the company publicly issue a A-share stock plan, the stock value of 1 yuan per share, issued no more than 250 million shares (including 250 million shares), raise funds not exceeding 3.26 billion　　(including 3.26 billion RMB). Gree Electrical Appliances, said that the public equity raised funds are mainly used to invest in the following projects: Headquarters commercial air-conditioning technology expansion project, Wuhan commercial air-conditioning construction project, Zhengzhou home air-conditioning construction project, an annual output of 6 million new energy-saving and environmental protection home air-conditioning compressor project　　, energy saving and environmental protection refrigeration Equipment Engineering Technology Research Center technical renovation construction project. At Headquarters, the total investment of commercial air-conditioning technical transformation expansion project is 600.03 million yuan, the amount of funds raised is 6 trillion yuan, and the construction period is 2 years.　　After completion, it is expected that the new commercial air-conditioning sales income of 1.796 billion yuan. Wuhan commercial air-conditioning construction project total investment of 560.67 million yuan, the amount of fund-raising is 50000, the construction period of 2 years.　　After completion, the annual sales of commercial air-conditioning is expected to increase the income of 1.465 billion yuan. Zhengzhou household air-conditioning construction project total investment of 762.95 million yuan, the amount of fund-raising is 70000, the construction period of 1 years.　　Built up to the postpartum, will be an annual output of separate air-conditioning and cabinet-type air-conditioning 2.5 million units (sets).　　Annual output of 6 million new energy-saving and environmental protection of domestic air-conditioning compressor project total investment of 1.18 billion yuan, fund-raising amount of 90000, construction period of 2 years.　　Energy-saving and environmental protection refrigeration Equipment Engineering Technology Research Center the total investment of technical renovation project is 560 million yuan, the amount of funds raised is 560 million yuan, the construction period is 2 years. After the issue, if the ceiling calculation, and the assumption that the Zhuhai Gree Group Co., Ltd. (hereinafter referred to as "Gree Group") Gree Group and Zhuhai Gree Real Estate Co., Ltd. to give up preferential placement, then the public additional, Gree group holding ratio fell to 18.99%, still in a holding position. Therefore, this issue will not lead to changes in corporate control.　　Before the issue of additional, Gree group accounted for 19.45% of Gree electric appliance. Gree Electrical Appliances, said the issue in a certain proportion to the company to determine the stock registration date after the close of the company's entire a-share shareholder priority placement.　　The proportion of specific placements shall be determined by the shareholders ' general meeting authorized by the company's board of directors and the sponsoring Agency (main underwriter). (Stock market Weekly feeds)