Gree Electric’s youngest director, Zhong Chengbao, born after 1985, has resigned after only about a year on the board, reigniting market attention on the company’s succession plan. The 71-year-old chairwoman Dong Mingzhu, responding to frequent management reshuffles at a shareholder meeting, said the 'up or out' mechanism is designed to bring through a younger team. Born in 1986, Zhong joined Gree in 2008 and rose from a grassroots technician to assistant to the president and chief engineer. He joined the board in April 2025 with a term originally set to run until 2028, and will remain with the company after stepping down as a director. Gree’s younger management ranks still include a group of internally developed core executives, such as current president Zhang Wei, born in 1976, and several vice presidents who previously served as assistants to the president. Dong Mingzhu said there are several promising candidates being tested on different platforms.
Gree Electric Appliances Inc of ZhuhaiDirector resignation and succession plan discussion; no clear positive or negative financial impact.