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Gree Electric Appliances Inc of Zhuhai attracted broad attention after disclosing its full-year performance for 2022 and results for the first quarter of 2023. 

On the one hand, investors are dissatisfied with the company's dividend plan, and on the other hand, the status of the 11.5 million shares held by the company's chairman and president Dong Mingzhu is shown as "frozen" in the first-quarter financial report, which has aroused many speculations and discussions.

On the evening of May 5th, Gree Electric Appliances Inc of Zhuhai issued a correction announcement regarding its report for the first quarter of 2023, saying that after verification, due to information entry errors, Dong Mingzhu's share status was mistakenly filled in as "frozen", and the relevant content is now corrected and Dong Mingzhu's share status is filled in as "pledged".

The company also apologized for the inconvenience and promised to further strengthen information disclosure management and improve information disclosure quality in the future.

This correction announcement has dispelled doubts for many investors. Previously, many investors on the Internet believed that there might be "insider information" behind the freezing of shares and did not rule out that Dong Mingzhu personally had some undisclosed lawsuits or commercial gambling agreements.

As the "soul figure" of Gree Electric Appliances Inc of Zhuhai, Dong Mingzhu's every move attracts market attention. According to the first-quarter report, Dong Mingzhu now directly holds 44.488492 million shares of the company, representing 0.75% of the company's total equity. Of them, 11.5 million shares with a corresponding market value of approximately 404 million yuan were pledged, accounting for approximately 25.85% of her direct holdings. But the reasons behind the pledge remain unknown.  

In addition to the direct holding, Dong Mingzhu also indirectly holds shares in Gree Electric Appliances Inc of Zhuhai through Zhuhai Mingjun Investment Partnership (Limited Partnership) and the electric appliance maker's employee stock ownership plan.