Share Increase Plan

Ming Yang Smart Energy Group Ltd

30 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 Share Increase Plan by the Chairman and CEO, Actual Controller, Certain Directors, Senior Officers, and Core Business Backbone of the Company

Important:

l  Ming Yang Smart Energy Group Limited (hereinafter referred to as the "Company")-including its Chairman and Chief Executive Officer, actual controller, certain directors, members of senior management, and core business backbones-intend to increase their shareholdings in the Company through centralized competitive trading on the Shanghai Stock Exchange within six (6) months from the date of this announcement. The total amount of this shareholding increase shall be no less than RMB 49.55 million, with no fixed price range; the subjects of the increase will implement the plan at their discretion based on the Company's share price fluctuations and overall capital market trends..

l  There may be risks that this share increase plan cannot achieve expectations due to changes in policies or capital markets, as well as factors currently unpredictable. Investors are advised to pay attention to risks.

The Company recently received notices from its Chairman and CEO, Actual Controller, certain directors, senior officers, and core business backbone that, based on confidence in the Company's future development and recognition of the Company's long-term investment value, the aforementioned personnel plan to increase their holdings of the Company's shares through centralized bidding on the trading system of the Shanghai Stock Exchange within six (6) months from the date of disclosure of this Announcement. The details are announced as follows:

I. Basic information on the subjects of share increase

No.	Subject of share increase	Position	Number of shares directly held (shares)	Percentage of the Company's total share capital
1	Chuanwei Zhang	Actual Controller, Chairman and CEO (General Manager)	27,669,218	1.223%
2	Rui Zhang	Actual Controller, Director and Business President	-
3	Chao Zhang	Director and Business President	-
4	Yuanfeng Fan	Director	334,000	0.015%
5	Lingna Yi	Director and Vice President	518,027	0.023%
6	Libing Zou	Employee Representative Director	19,000	0.001%
7	Xinyu Zhang	Chief Technology Officer	-
8	Meng Fang	Chief Financial Officer	-
9	Wang Dongdong	Business President	340,000	0.015%
10	Bing Han	Business President	220,000	0.010%
11	Chengkui Wang	Vice President and Board Secretary	108,000	0.005%

The aforementioned Directors and senior officers who increase their holdings have not disclosed any share increase plan within twelve months prior to this Announcement. On September 3, 2026, Mr. Chengkui Wang, Vice President and Board Secretary of the Company, increased his holdings of the Company's shares by 108,000 shares through centralized bidding on the trading system of the Shanghai Stock Exchange, accounting for 0.005% of the Company's total share capital (i.e., 2,261,496,706 shares).

Among the aforementioned directors and senior officers who increase their holdings, Mr. Libing Zou accumulatively reduced his holdings by 500 shares within 6 months before serving as the Employee Representative Director of the Company, and since then, Mr. Libing Zou has not reduced his holdings of the Company's shares. Other directors and senior officers increasing holdings this time had no share reduction within 6 months prior to this Announcement.

The aforementioned subjects of share increase have persons acting in concert:

Name	Number of shares directly held (Shares)	Shareholding percentage	Reason for formation of relationship of acting in concert
Chuanwei Zhang	27,669,218	1.218%	Mr. Chuanwei Zhang, Ms. Ling Wu, and Mr. Rui Zhang control 24.95% of the Company's equity through Mingyang New Energy Investment Holding Group Co., Ltd. and its persons acting in concert.
Rui Zhang	-	-
Total	27,669,218

II. Main content of the Share Increase Plan

(I) Purpose of the proposed share increase: based on confidence in the Company's future continuous and stable development and recognition of the long-term investment value of the Company's shares.

(II) Class of the proposed share increase: ordinary shares of the Company denominated in RMB (A-shares).

(III) Number or amount of the proposed share increase: the total amount of share increase will be no less than RMB 49.55 million, and details are as follows:

Subject of share increase	Position	Amount of the proposed share increase lower limit (RMB10,000)
Chuanwei Zhang	Actual Controller, Chairman and CEO (General Manager)	2,000
Rui Zhang	Actual Controller, Director and Business President	200
Chao Zhang	Director and Business President	200
Yuanfeng Fan	Director	50
Lingna Yi	Director and Vice President	100
Libing Zou	Employee Representative Director	50
Xinyu Zhang	Chief Technology Officer	150
Meng Fang	Chief Financial Officer	100
Wang Dongdong	Business President	50
Bing Han	Business President	100
Chengkui Wang	Vice President and Board Secretary	100
Core business backbone (42 persons in total)	/	1,855
Total	/	4,955

(IV) Price of the proposed share increase: no price range is set for this share increase, and the share increase plan will be implemented at opportunities to be chosen based on the fluctuations of the Company's share price and the overall trend of the capital market.

(V) Implementation period of this share increase plan: within 6 months from the date of disclosure of this Announcement. If the Company's shares are continuously suspended from trading for more than 10 trading days due to the planning of major matters during the implementation period of the share increase plan, the implementation of this share increase plan will be postponed after the resumption of trading of the shares.

(VI) Fund arrangement for the proposed share increase: self-owned funds and self-raised funds.

(VII) Method of the proposed share increase: the subject of share increase will directly increase his/her/its holdings of the Company's shares through centralized bidding on the trading system of the Shanghai Stock Exchange.

III. Uncertainty risks in the implementation of the share increase plan

There may be risks that this share increase plan cannot achieve expectations due to changes in policies or capital markets, as well as factors currently unpredictable. Investors are advised to pay attention to risks.

IV. Other explanations

The subject of share increase promises not to reduce his/her/its holdings of the Company's shares during the implementation period of this share increase plan and within the statutory period.

The implementation of this share increase plan will not affect the Company's listing status, will not result in the Company's shareholding distribution failing to meet listing requirements, and will not lead to a change in the Company's controlling shareholder and Actual Controller.

The Company will continuously monitor the relevant circumstances of this share increase and perform its information disclosure obligations in a timely manner in accordance with the relevant provisions of the Rules Governing the Listing of Stocks on Shanghai Stock Exchange, the Administrative Measures for the Acquisition of Listed Companies, and the Self-Regulatory Supervision Guidelines for Listed Companies on the Shanghai Stock Exchange No. 8 - Share Changes Management.

Ming Yang Smart Energy Group Limited

October 30, 2026

 

END