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he issuance to the front after issuance 24.4%. January 2012 Gree 18,997.7 million additional shares, the total share capital was increased from 281,789 shares to 300,787 shares, real estate
consolidation and Gree Gree Group holds 19.37% stake from the previous issuance Gree diluted to 20.67% after issuance. Through equity division reform, and the implementation of equity
incentive,