求翻译：经过前述股权分置改革、股权转让和多次的二级市场减持、股权激励和增发，截止2012年5月25日股东大会前，格力集团及其控股的格力地产对格力电器的合计持股比例不足20%。是什么意思？

After the aforementioned split share structure reform, equity transfer and the number of secondary market holdings of equity incentives and additional, as of May 25, 2012 before the general meeting of shareholders, Gree Group and its holding, real estate Gree Gree aggregate shareholding for less tha

After the stock right reform, shares many of the right to transfer and reduction of the level 2 market, share, inspire and increase the May 25, 2012 prior to the general meeting, the Group and its holding of real estate on the edge of the total electrical grid holding 20 percent.

Divides after the forecited stockholder's rights sets at the reform, the stockholder's rights transfer and many times two levels of markets reduces holds, the stockholder's rights drove and increases sends, cuts off on May 25, 2012 in front of the general meeting of shareholders, the standard streng

After the aforementioned reform of non-tradable shares, equity transfers and holdings of many secondary markets, equity incentive, and SEO as of May 25, 2012 before the general meeting of shareholders, gree gree real estate and holdings of the Group on the aggregate share of gree electric appliances

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