Gree Group

However, in the past, multiple managers of the company were arrested for corruption.

[3][4] The stake of Gree Real Estate that held by the group was transferred to another entity of Zhuhai Municipal People's Government in mid-2015 (along with others assets, such as a management company of Zhuhai checkpoint of Hong Kong–Zhuhai–Macau Bridge).

Zhou also became the Party Committee Secretary of the group, replacing Meng Xiangkai (孟祥凯).

[7] In December 2019, the group sold 15% shares of Gree Electric to a private equity fund for CN¥41.7 billion, only retaining 3.22%.

The private equity fund became the largest shareholder of Gree Electric.