The 2024 Gree Electric Appliances shareholder meeting concluded successfully in Zhuhai, with a dynamic blend of established and emerging leadership, featuring Dong Mingzhu and newly appointed President Zhang Wei among the attendees. During the proceedings, the youthful management team actively engaged in deliberations, albeit with Dong Mingzhu maintaining her pivotal role. Zhang Wei shared his steady integration into his position, stressing the continuity of Gree's managerial philosophy. The company's titanium business, under the guidance of Vice President Fang Xiangjian, is undergoing a transformation centered on lithium titanate batteries, energy storage solutions, and new energy vehicles, accompanied by a strategic workforce reduction. Dong Mingzhu urged investors to extend patience, granting Gree a three to five-year horizon, and assured that the titanium segment would not compromise the company's dividend strategy. Furthermore, Gree remains dedicated to automotive air conditioning R&D and is actively broadening its overseas presence, with its independent brand contributing 70% of revenue from international markets. Notably, the second-largest shareholder, Jinghai Interconnection, has increased its stake, a move Dong Mingzhu interprets as a vote of confidence in Gree's future prospects. Liu Shuwei advocated for empowering the younger team, prompting Dong Mingzhu to pledge a reduction in her own speaking time, thereby facilitating more opportunities for young talents to shine. The shareholder meeting concluded on a high note, overwhelmingly approving a dividend proposal of RMB 20 cash per 10 shares, amidst a lively exchange of ideas and perspectives.