On the afternoon of June 25th, the general meeting of Gree Electric Appliances was held at the headquarters of Jinji West Road in Zhuhai City. The shareholders meeting discussed 12 proposals including “2017 Board Report”, “2017 Annual Financial Report” and “2017 Annual Profit Distribution Plan”. Dong Mingzhu attended and delivered a speech:
This year I would like to engage in chips if it is not really where China's way out?
At the shareholders' meeting, Dong Mingzhu said: 'This year I would like to engage in chips, stocks will fall, you go to sell, you sell, I will accept. Others engage in chip stocks to go up, why does Gree go down in stocks? Because Dong Mingzhu is really doing If not, where is China's way out?'
She talked about Gree’s failure to pay dividends last year and caused public opinion disputes. Dong Mingzhu has a slight disagreement. She said, “(Geli) was listed on the stock market since 1996 and it’s been divided into many years. What’s wrong with my dividend in the next two years? I'm at least a hundred million, but I don't have any points (investors applaud).
We hope that shareholders will hold Gree stock for life. I believe this is the best choice
I hope you will hold Gree shares for a lifetime. I believe this is the best choice. I dare not say anything else, at least don’t choose LeTV. How much does the listed company of the hype concept share for you?
Respond to no dividends last year: To make Gree more powerful
Regarding Gree’s undiscriminatory controversy over public opinion last year, Dong Mingzhu was somewhat inconsistent. She said, “(Geli) was listed on the stock market since 1996 and it’s been divided into many years. What’s wrong with my dividend in the next two years? I'm at least one billion, but I don't have any points (investors applaud).
I wonder where Gree’s competitiveness will be in the future. I don’t want to share points. The competitiveness of Gree fell in the second year. Do you hope? I don’t want to. I hope everyone understands why I did not pay dividends last year. Let the company be powerful.
Hope that the company's air-conditioning will use its own chips for next year
Dong Mingzhu said, 'Gree's chip R&D has been very effective, and we hope that the company's air-conditioners will use their own chips next year'.
Because I've been alone for six years, the company sold 720.8 billion yuan
Because I alone had the final say, Gree sold 720.8 billion yuan in 2012 and 2017. This is Cui Yongyuan's 'let the facts speak'.
Dong Mingzhu talks about changing to stay: There are too many unknowing guesses on the Internet
The PPT data also shows that since Dong Mingzhu served as the general manager of the company and the chairman of the company, the performance of Gree Electric Appliances has grown very rapidly. Dong Mingzhu said, 'This is the way I passed Gree Electric's 28 years ago. Uninformative (conversion) conjecture. '
Dong Mingzhu responded to disagree with the 4 billion acquisition of Xinfei: Because it is a company with no technology
Someone once proposed to purchase Xinfei for 4 billion. I do not agree because it is a company without technology. The concept is completely different. What do you think of it now?
Gree has the absolute right to speak in the world of air conditioning
Although the trade war and the enterprise competition occur frequently, Gree in the world air-conditioning field has the absolute right to speak. The shareholder meeting holds only half of the 100 shareholders, and the degree of concern is unprecedented.