Board Re-election & Senior Officer Appointments

Ming Yang Smart Energy Group Ltd

23 October 2026

 

MING YANG SMART ENERGY GROUP LIMITED

(GDR under the symbol: "MYSE")

(a joint stock company established under the laws of the People's Republic of China with limited liability)

Announcement on the Completion of Re-election of the Board and the Appointment of Senior Officers, Chief of Internal Audit, and Securities Affairs Representative

Ming Yang Smart Energy Group Limited (hereinafter referred to as the "Company") held the third extraordinary Shareholders' Meeting of 2026 and the seventh meeting of the first session of the employee representative congress on October 23, 2026, and elected all directors of the fourth Board of the Company. On the same day, the Company held the first meeting of the fourth Board, which deliberated and approved the relevant proposals including the election of the Chairman and Legal Representative of the Company, members of each special committee of the Board, and the appointment of senior officers, the Chief of Internal Audit, and the Securities Affairs Representative. The re-election of the Board of the Company has been completed, and the relevant circumstances are hereby explained as follows:

I. Composition of the fourth Board and special committees

(I) Members of the Board

The fourth Board of the Company consists of 11 directors, including 7 non-independent directors and 4 independent directors. The specific members are as follows:

Non-independent directors: Mr. Chuanwei Zhang (Chairman), Mr. Rui Zhang, Ms. Chao Zhang, Mr. Yuanfeng Fan, Ms. Lingna Yi, Mr. Jinyuan Zhang, Mr. Libing Zou (Employee Representative Director)

Independent directors: Mr. Tao Zhu, Ms. Ying Liu, Mr. Shaobin Shi, Mr. Rongchang Wang

The term of office of the directors of the fourth Board of the Company is three years, which shall take effect from the date of approval at the third extraordinary Shareholders' Meeting of 2026. The aforementioned 11 directors all meet the qualifications and conditions for directors of listed companies as stipulated by relevant laws, regulations, regulatory documents, and the Articles of Association of Ming Yang Smart Energy Group Limited (hereinafter referred to as the "Articles of Association"). Among them, the qualifications and independence of the 4 independent directors have been filed with and reviewed by the Shanghai Stock Exchange without objection.

The number of directors who concurrently serve as senior officers in the Board and directors served by employee representatives does not exceed one-half of the total number of directors of the Company in aggregate, and the number of independent directors is not less than one-third of the total number of members of the Board, which complies with the provisions of relevant laws, regulations, regulatory documents, and the Articles of Association.

(II) Special committees of the fourth Board

The fourth Board of the Company has established four special committees, namely, the Strategy Committee, the Audit Committee, the Nomination Committee and the Remuneration and Assessment Committee. The specific composition of each special committee is as follows:

Strategy Committee: Chuanwei Zhang (Convener), Shaobin Shi, Ying Liu

Audit Committee: Tao Zhu (Convener), Yuanfeng Fan, Rongchang Wang

Nomination Committee: Ying Liu (Convener), Lingna Yi, Tao Zhu

Remuneration and Assessment Committee: Rongchang Wang (Convener), Libing Zou, Shaobin Shi

All members of the special committees of the fourth Board of the Company consist of directors, among which independent directors constitute the majority in the Audit Committee, the Nomination Committee, and the Remuneration and Assessment Committee and serve as the conveners. In addition, the convener of the Audit Committee, Mr. Tao Zhu, and the member of the Audit Committee, Mr. Rongchang Wang, are both accounting professionals, which complies with the requirements of relevant laws, regulations, normative documents and the Articles of Association. The term of office of the members of each special committee is the same as that of the current Board.

II. Appointment of Senior Officers, Chief of Internal Audit, and Securities Affairs Representative

On October 23, 2026, the Company held the first meeting of the fourth Board, and deliberated and approved the appointment of the following personnel as the senior officers, the Chief of Internal Audit, and the Securities Affairs Representative of the Company, with a term of office consistent with the term of the current Board. Details are as follows:

Legal representative, Chief Executive Officer (General Manager): Mr. Chuanwei Zhang

Business Presidents: Mr. Bing Han, Mr. Rui Zhang, Mr. Dongdong Wang, Ms. Chao Zhang

Chief Technology Officer: Mr. Xinyu Zhang

Chief Financial Officer (Person in Charge of Finance): Mr. Meng Fang

Vice President: Ms. Lingna Yi

Vice President, Secretary of the Board: Mr. Chengkui Wang

Chief of Internal Audit: Mr. Huilong Wei

Securities Affairs Representative: Ms. Jieshan Zheng

The qualifications of the above-mentioned senior officers have been reviewed and approved by the Nomination Committee of the Board of the Company, and the appointment of the Chief Financial Officer (Person in Charge of Finance) has been reviewed and approved by the Nomination Committee of the Board and the Audit Committee of the Board of the Company. Mr. Chengkui Wang, the Board Secretary, has obtained the Training Certificate for Qualification of the Board Secretary issued by the Shanghai Stock Exchange, and his qualification for office has been reviewed and cleared without objection by the Shanghai Stock Exchange.

The above-mentioned senior officers all meet the qualifications of relevant laws, regulations, normative documents and the Articles of Association to serve as senior officers of a listed company, and are competent for the requirements of the duties of the appointed positions; there are no circumstances under which a person is prohibited from serving as a senior officer of a listed company as stipulated in the Company Law, the Rules Governing the Listing of Stocks on Shanghai Stock Exchange, the Self-Regulatory Guidelines of Shanghai Stock Exchange for Listed Companies No. 1 - Standardized Operations, the Articles of Association, and other laws, regulations and normative documents.

III. Contact information of the Board Secretary

Tel. [phone]

E-mail: [e-mail]

Office address: No. 22 Huoju Road, Torch Development Zone, Zhongshan City, Guangdong Province, P.R.China

Ming Yang Smart Energy Group Limited

October 23, 2026

Resumes of directors, senior officers, the Chief of Internal Audit and the Securities Affairs Representative:

       1. Mr. Chuanwei Zhang, born in 1962, of Chinese nationality, with no right of residence abroad, holds a master's degree with postgraduate education. Mr. Chuanwei Zhang was a deputy to the 12th and 13th National People's Congress. From 1984 to 1988, he served as Secretary and Section Chief of the General Office of the Chongqing Municipal Party Committee; from 1988 to 1990, he served as Office Director and Assistant to the Factory Director of Henan Xinyang High-Voltage Switchgear General Factory; from 1990 to 1993, he served as the General Manager of Zhuhai Fengze Electrical Appliance Co., Ltd., a Sino-foreign joint venture; in 1993, he founded Zhongshan Mingyang Electrical Appliances Co., Ltd. and has served as its Chairman to date; he has served as the Chairman of Guangdong Mingyang Electric Co., Ltd. since 2020; in 2006, he founded Guangdong Mingyang Wind Power Technology Co., Ltd. (the predecessor of "Ming Yang Smart Energy Group Limited") and has served as its Chairman and Chief Executive Officer (General Manager) to date.

Mr. Chuanwei Zhang is one of the actual controllers of the Company. As of the disclosure date of this announcement, Mr. Chuanwei Zhang, Ms. Ling Wu, and Mr. Rui Zhang control 24.95% of the shares of the Company through Mingyang New Energy Investment Holding Group Co., Ltd. and its parties acting in concert (among which, Mr. Chuanwei Zhang directly holds 27,669,218 shares of the Company). Mr. Chuanwei Zhang is a close relative of Ms. Ling Wu, Mr. Rui Zhang, and Ms. Chao Zhang. Save as disclosed above, Mr. Chuanwei Zhang has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of Self-Regulatory Guidelines for Listed Companies No. 1 of the Shanghai Stock Exchange - Standardized Operations (hereinafter referred to as "Standardized Operations").

2.   Mr. Rui Zhang, born in 1990, of Chinese nationality, with no right of residence abroad, holds a bachelor's degree. Since 2012, he has successively served as the Director of the Procurement Department, Business Vice President, Director of the Strategic Development and Industrial Planning Center, Deputy Director of the Operation Center, Manager of the Operations Planning Department, General Manager of the Procurement Management Department, Assistant to the CEO, President of the Photovoltaic Business Line, and President of the China market of the Company. He has served as a Vice President of the Company since August 2025. He has served as a director of the Company since March 2017.

Mr. Rui Zhang is one of the actual controllers of the Company. As of the disclosure date of this announcement, Mr. Rui Zhang, Mr. Chuanwei Zhang, and Ms. Ling Wu control 24.95% of the shares of the Company through Mingyang New Energy Investment Holding Group Co., Ltd. and its parties acting in concert. Mr. Rui Zhang is a close relative of Mr. Chuanwei Zhang, Ms. Ling Wu, and Ms. Chao Zhang. Save as disclosed above, Mr. Rui Zhang has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

3. Ms. Chao Zhang, born in 1988, of Chinese nationality, with no right of residence abroad, holds an undergraduate qualification and a bachelor's degree. Since January 2017, she has successively served as the Company's General Manager of the Capital Operation and Asset Management Department & Deputy General Manager of the Smart Energy Business Division, Chairman of the East China Smart Energy Research Institute, Business Vice President & General Manager of the Investment and Asset Management Department, General Manager of the European Center, and Co-President of International Business. From March 2023 to September 2023, she served as a director of the Company. She has served as a Vice President of the Company since September 2023. She has served as a director of the Company since September 2025.

As of the disclosure date of this announcement, Ms. Chao Zhang does not hold any shares of the Company, and she is a close relative of Mr. Chuanwei Zhang, Ms. Ling Wu, and Mr. Rui Zhang, the actual controllers of the Company. Save as disclosed above, Ms. Chao Zhang has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. She does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

4. Mr. Yuanfeng Fan, born in 1969, of Chinese nationality, with no right of residence abroad, holds a bachelor's degree. From July 1993 to December 2010, he successively served as the Director of the Supervisory Office of China Construction Bank Corporation Zhongshan Branch, and the President of one of its sub-branches, among other positions. Since December 2010, he has successively served as the General Manager of the Company's Financing Management Department and the Business Vice President. He has served as a director of the Company since September 2023.

As of the disclosure date of this announcement, Mr. Yuanfeng Fan directly holds 334,000 shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

5. Ms. Lingna Yi, born in 1984, of Chinese nationality, with no right of residence abroad, holds a master's degree. Since May 2008, she has successively served as the Deputy Director of the Company's President's Office, Deputy Director of Investor Relations, Deputy General Manager of the Capital Operations Department, Director of the Listing Office (Board Office), General Manager of the Human Resources Center, Director of the Change Management Office, and Secretary-general of the CEO Office. She has served as a Vice President of the Company since March 2020. She has served as a director of the Company since October 2026.

As of the disclosure date of this announcement, Ms. Lingna Yi directly holds 518,027 shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. She does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

6. Mr. Jinyuan Zhang, born in 1991, of Chinese nationality, with no right of residence abroad, holds a master's degree. From November 2019 to March 2026, he successively served as the Manager of the Capital Operations Department of Guangdong Hengjian Investment Holding Co., Ltd., General Manager of the Capital Operations Department of Guangdong Hengjian International Investment Co., Ltd., Assistant General Manager of Guangdong Hengkuo Investment Co., Ltd., and director of Guangdong Fenghua Advanced Technology Holding Co., Ltd. He has served as the Deputy General Manager of Guangdong Hengkuo Investment Co., Ltd. since March 2026.

As of the disclosure date of this announcement, Mr. Jinyuan Zhang does not hold any shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations

7. Mr. Tao Zhu, born in 1976, of Chinese nationality, with no right of residence abroad, holds a doctor's degree with postgraduate education. He has been a faculty member in the Department of Accounting, School of Management, Jinan University, since December 2012. He has served as the Director of the Finance and State-owned Assets Management Office of Jinan University since June 2021. He has served as an independent director of BTR New Material Group Co., Ltd. since August 2022. He has served as an independent director of the Company since September 2023.

As of the disclosure date of this announcement, Mr. Tao Zhu does not hold any shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations

8. Ms. Ying Liu, born in 1978, of Chinese nationality, with no right of residence abroad, holds a doctor's degree with postgraduate education. From June 2015 to July 2021, she served as a professor and doctoral supervisor at the School of Law, Wuhan University. She has served as a professor and doctoral supervisor at the School of Law, Sun Yat-sen University since August 2021. She has served as an independent director of Improve Medical Instruments Co., Ltd. since June 2023. She has served as an independent director of Guangdong Guangzhou Daily Media Co., Ltd. since August 2025. She has served as an independent director of the Company since September 2023.

As of the disclosure date of this announcement, Ms. Ying Liu does not hold any shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. She does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

9. Mr. Shaobin Shi, born in 1968, of Chinese nationality, with no right of residence abroad, holds a doctor's degree with postgraduate education. He has served as the Chairman of Guangdong Beiying Fund Management Co., Ltd. since February 2017. From May 2017 to June 2023, he served as an independent director of Tiantu Holding Group Co., Ltd. He has served as the Executive Director of Guangzhou Yihe Health Industry Development Co., Ltd., the Executive Director and General Manager of Guangzhou Beiying Enterprise Management Consulting Co., Ltd., and the supervisor of Guangzhou Beixu Technology Co., Ltd. since February 2020. He has served as the legal representative of Guangzhou Medical Assistance Charity Promotion Association since December 2020. He has served as the designated representative of Beitai (Guangzhou) Investment Partnership (Limited Partnership) since January 2021. From September 2022 to July 2024, he served as an independent director of Nanning Department Store Co., Ltd. From March 2023 to December 2023, he served as the executive director of Guangzhou Phil Medical Laboratory Co., Ltd. From January 2025 to August 2025, he served as the Chief Executive Officer of Southern Packaging Group Limited. He has served as an independent director of the Company since September 2023.

As of the disclosure date of this announcement, Mr. Shaobin Shi does not hold any shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations

10. Mr. Rongchang Wang, born in 1976, of Chinese nationality, with no right of residence abroad, holds a doctor's degree with postgraduate education. He has been teaching at the Department of Accounting, School of Business Administration, South China University of Technology since July 2008. He has served as an independent director of Guangzhou S.P.I Design Co., Ltd. since February 2023. He has served as an independent director of Maxphotonics Co., Ltd. since December 2023. He has served as an independent director of the Company since September 2023.

As of the disclosure date of this announcement, Mr. Rongchang Wang does not hold any shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

11. Mr. Libing Zou, born in 1987, of Chinese nationality, with no right of permanent residence abroad, is a doctoral candidate and a professor-level senior engineer. Mr. Libing Zou is a national-level advanced manufacturing technology talent, a recipient of the 2023 National Science and Technology Progress Award, a high-level Class A talent of Guangdong Province (Youyue Talent A), a member of the National Technical Committee 50 on Wind Energy Generation Systems of Standardization Administration of China (SAC/TC50), an off-campus advisor of Tsinghua Shenzhen International Graduate School, and a member of the cultivating steering committee for the professional master's degree project in marine technology and engineering at Tsinghua University, among others. From July 2009 to April 2021, he successively served as a System Design Engineer of the Company's Product Technology Center, the Director of the Marine Technology Department, the Director of the System Research Department, and the Chief Engineer of the Wind Energy Research Institute; from April 2021 to February 2025, he served as the Dean of the Company's Wind Energy Research Institute; he has served as the Business Vice President and the Dean of the Smart Equipment Research Institute of the Company since February 2025. He has served as an Employee Representative Director of the Company since October 2026.

As of now, Mr. Libing Zou directly holds 19,000 shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

12. Mr. Bing Han, born in 1981, of Chinese nationality, with no right of residence abroad, holds a master's degree with postgraduate education, and is a member of the 8th Yangjiang Municipal Committee of the Chinese People's Political Consultative Conference. From 2007 to 2016, he worked at China Longyuan Power Group Corporation Limited; from 2017 to present, he has successively served as the Business Vice President of the Company, Deputy General Manager of Ming Yang Smart Energy Group Beijing Technology Co., Ltd., Deputy General Manager of Beijing Jieyuan New Energy Investment Co., Ltd., Chairman of Guangdong Mingyang New Energy Technology Co., Ltd., General Manager of Zhongshan Mingyang New Energy Technology Co., Ltd., Deputy Director and Office Director of the Energy Operation and Construction Management Committee, Director of the Project Management Center, General Manager of the New Energy Engineering Construction Company, General Manager of the Ocean Energy Company, and General Manager of the Engineering Management Center; he has served as a Vice President of the Company since September 2023.

As of now, Mr. Bing Han directly holds 220,000 shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

13. Mr. Dongdong Wang, born in 1981, of Chinese nationality, with no right of residence abroad, holds a master's degree with postgraduate education, and is a senior engineer. From August 2004 to March 2011, he served as a Process Engineer and Chief Design Engineer at Beijing BEIZHONG Steam Turbine Generator Co., Ltd.; from April 2011 to February 2016, he successively served as the Deputy Director of the Engineering Support and Testing Institute and the Director of the Wind Power Testing Technology Research Institute at Guodian United Power Technology Co., Ltd.; from March 2016 to February 2024, he successively served as the Company's Manufacturing Director, Assistant to the Executive President, Business Vice President, and General Manager of the Production and Manufacturing Department, Director of the Operation Center, and Deputy Director of the Operation Center, and General Manager of the Production and Manufacturing Department and the Offshore Engineering Operation and Maintenance Department; he served as the Company's Chief Operating Officer from September 2023 to August 2025; he has served as a Vice President of the Company since August 2025.

As of now, Mr. Dongdong Wang directly holds 340,000 shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

14. Mr. Xinyu Zhang, born in 1972, of Chinese nationality, with no right of residence abroad, holds a master's degree with postgraduate education. From August 1997 to December 2023, he successively served as the Director of the Core Network Product Line Marketing Engineering Department, the Director of the Asia Pacific Marketing Department, the Vice President of the Latin America North Region, the Vice President of the Carrier BG, and the Director of the Technical Planning Department of Huawei Technologies Co., Ltd.; he has served as the Dean of the Central Research Institute of the Company since August 2026.

As of now, Mr. Xinyu Zhang does not hold any shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

15. Mr. Meng Fang, born in 1979, of Chinese nationality, with no right of permanent residence abroad, holds a bachelor's degree. From June 2003 to May 2010, he worked at Haier Group Corporation, where he successively served as Overseas Finance Manager of the Computer Division, Head of Financial Planning and Analysis, and Director of the Finance Department; from May 2010 to December 2014, he worked at Byvin Holdings Group Co., Ltd., where he successively served as Business Division Finance Director and Deputy General Manager; from December 2014 to July 2017, he worked at Beijing Electric Vehicle Co., Ltd., where he served as Deputy Director of the Finance Department; from September 2017 to December 2017, he worked at Sany Group Co., Ltd., where he served as Business Division Finance Director; from January 2018 to February 2024, he worked at Sany Renewable Energy Co., Ltd., where he served as Finance Director and Board Secretary; from February 2024 to August 2024, he served as Finance Director of Sany Renewable Energy Co., Ltd.; from August 2024 to November 2024, he worked at Sany Group Co., Ltd. as Business Division Finance Director. He has served as the Chief Financial Officer of the Company since January 2025.

As of now, Mr. Meng Fang does not hold any shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

16. Mr. Chengkui Wang, born in 1982, of Chinese nationality, with no right of residence abroad, holds a master's degree. He started his career in 2004 and successively served as a Technician at Huaihai Industry Group Co., Ltd., a Technician and Deputy Director at The People's Liberation Army of China No. 5720 Factory, and the Director of the Board Office and Securities Affairs Representative at Anhui Truchum Advanced Materials and Technology Co., Ltd.; from June 2016 to July 2021, he successively served as the Secretary to the Chairman, Manager of the Securities Affairs Department, Human Resources Director, Deputy General Manager, and Board Secretary at Gotion High-tech Co., Ltd.; from September 2021 to August 2024, he served as the Board Secretary and Chief Strategy Officer at Tianjin EV Energies Co., Ltd.; he served as the Company's Capital Market Director in August 2024; he has served as the Company's Vice President and Board Secretary since October 2024.

As of now, Mr. Chengkui Wang directly holds 108,000 shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

17. Mr. Wei Huilong, born in 1979, of Chinese nationality, with no right of residence abroad, holds a bachelor's degree. He started working in 2003, and has successively worked in large enterprises such as Huawei Technologies Co., Ltd., China Fortune Land Development Co., Ltd., and Chongqing Dongyin Holding Group Co., Ltd., with rich experience in corporate internal audit and risk management; he joined the Company in 2023 and served as the Assistant to the President of the Intelligent Investment Business Group; from January 2026 to present, he has been serving as the Director of the Internal Audit Department of the Company.

As of now, Mr. Wei Huilong does not hold any shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. He does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

18. Ms. Jieshan Zheng, born in 1988, of Chinese nationality, with no right of residence abroad, holds a bachelor's degree, is a Certified Public Accountant of China and an intermediate auditor, and possesses the qualification of Board Secretary of the Shanghai Stock Exchange. From September 2011 to April 2014, she successively served as an Auditor and Assistant Manager at KPMG Huazhen LLP Guangzhou Branch; she joined the Company in April 2014, and successively served as the Investor Relations Manager and Senior Securities Affairs Manager of the Company. She has served as the Securities Affairs Representative of the Company since March 2020.

As of now, Ms. Jieshan Zheng directly holds 18,400 shares of the Company, and has no affiliation with the Company's other directors, senior officers, actual controller and shareholders holding more than 5% of the shares. She does not fall under the circumstances listed in Article 3.2.2 of the Standardized Operations.

 

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