Controlling Shareholder 2023 EB Delists
Ming Yang Smart Energy Group Ltd
09 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 Delisting of the Exchangeable Corporate Bonds Non-Publicly Issued by the Controlling Shareholder (First Tranche of 2023) and the Planned Release of Pledged Shares
Mingyang New Energy Investment Holding Group Co., Ltd. ("Energy Investment Group"), the controlling shareholder of Ming Yang Smart Energy Group Limited ("the Company" or "MYSE"), issued the 2023 Non-Publicly Issued Exchangeable Corporate Bonds (First Tranche) ("2023 Exchangeable Bonds") on October 9, 2023, with an issue size of RMB 424.2 million. As of October 9, 2026, a cumulative total of 3,685,502 shares had been exchanged for the 2023 Exchangeable Bonds.
I. Basic information on the exchangeable corporate bonds issued by Energy Investment Group
Energy Investment Group issued the 2023 Exchangeable Bonds on October 9, 2023, with an issue size of RMB 424.2 million. The underlying stock is the A-shares of MYSE. The bond is abbreviated as "23MYEB1" with the bond code "137180.SH", and has a term of 3 years. As of October 9, 2026, a cumulative total of 3,685,502 shares had been exchanged for the 2023 Exchangeable Bonds, and the number of remaining shares for Mingyang New Energy Investment Holding Group Co., Ltd. - Special pledge account for non-public issuance of exchangeable corporate bonds (2023 first tranche) to professional investors ("23 Energy Investment Group EB special account") was 46,954,498.
II. Energy Investment Group's planned registration for the release of pledged shares
Energy Investment Group has completed the maturity redemption and delisting of the 2023 Exchangeable Bonds on October 9, 2026. Energy Investment Group and Shenwan Hongyuan Securities Co., Ltd., the trustee of 23 Energy Investment Group EB special account, intend to apply for the registration procedures for the release of pledged shares to transfer the remaining 46,954,498 unexchanged shares of MYSE in the 23 Energy Investment Group EB special account back to Energy Investment Group's general securities account. The 23 Energy Investment Group EB special account will no longer hold any shares of MYSE.
Energy Investment Group, Zhongshan Ruixin Enterprise Management Consulting Partnership (Limited Partnership), Beihai Ruiyue Venture Capital Co., Ltd., First Base Investments Limited, Wiser Tyson Investment Corp Limited, and Keycorp Limited are all under the control of Mr. Zhang Chuanwei, Ms. Wu Ling, and Mr. Zhang Rui, the actual controllers of the Company, and are therefore parties acting in concert. As of the disclosure date of this announcement, Energy Investment Group holds 193,495,513 shares of MYSE, accounting for 8.56% of the Company's current total share capital, and Energy Investment Group and its parties acting in concert hold a total of 564,279,367 shares of the Company, accounting for 24.95% of the Company's total share capital. The Company's controlling shareholder has not changed and remains Energy Investment Group.
The Company will continue to monitor the matter of Energy Investment Group's release of pledged shares and will timely fulfill its information disclosure obligations in accordance with relevant regulations.
Ming Yang Smart Energy Group Limited
October 9, 2026
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