Election of the New Board of Directors
Ming Yang Smart Energy Group Ltd
24 September 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 Election of a New Session of the Board of Directors
The term of the Third Session of the Board of Directors of Ming Yang Smart Energy Group Limited (hereinafter referred to as the "Company") is about to expire. In order to ensure the normal operation of the Board of Directors,, in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Stock Listing Rules of the Shanghai Stock Exchange and other laws and regulations, as well as the relevant provisions of the Articles of Association of Ming Yang Smart Energy Group Limited (hereinafter referred to as the "Articles of Association"), the Company will conduct the election of a new term of the Board of Directors. The relevant information is hereby explained as follows:
I. Election of a New Session of the Board of Directors
(I) Composition of the Fourth Session of the Board of Directors
In accordance with the relevant provisions of the Company Law of the People's Republic of China, the Articles of Association and other relevant provisions, the Fourth Session of the Board of Directors of the Company is proposed to consist of 11 directors, including 7 non-independent directors (including 1 employee representative director) and 4 independent directors (of whom 2 independent directors are accounting professionals), with a term of three years commencing from the date of approval by the Company's Board of Shareholders.
(II) Information on the Director Candidates for the Fourth Session of the Board of Directors
On September 24, 2026, the Company held the 37th Meeting of the Third Session of the Board of Directors, at which the Proposal on the Election of a New Session of the Board of Directors and the Election of Non-Independent Director Candidates for the Fourth Session of the Board of Directors and the Proposal on the Election of a New Session of the Board of Directors and the Election of Independent Director Candidates for the Fourth Session of the Board of Directors were deliberated and approved. Upon examination by the Nomination Committee of the Board of Directors of the qualifications of the director candidates for the Fourth Session of the Board of Directors, the Board of Directors agreed: (1) to nominate Mr. Chuanwei Zhang, Mr. Rui Zhang, Ms. Chao Zhang, Mr. Yuanfeng Fan, Ms. Lingna Yi and Mr. Jinyuan Zhang as candidates for non-independent directors (excluding the employee representative director) of the Fourth Session of the Board of Directors; (2) to nominate Mr. Tao Zhu, Ms. Ying Liu, Mr. Shaobin Shi and Mr. Rongchang Wang as candidates for independent directors of the Fourth Session of the Board of Directors, of whom Mr. Tao Zhu and Mr. Rongchang Wang are candidates for independent directors who are accounting professionals. The resumes of the above director candidates are set out in the Notice of the Third EGM of 2026.
All of the above independent director candidates have obtained the independent director qualification certificate or have participated in the independent director performance training recognized by the Shanghai Stock Exchange. In accordance with the relevant provisions, the independent director candidates of the Company shall be submitted to the Company's Board of Shareholders for deliberation only after the Shanghai Stock Exchange has reviewed them without objection.
The matter of the election of a new session of the Board of Directors is still subject to deliberation by the Company's Board of Shareholders and shall be voted on by way of cumulative voting. After the above non-independent directors and independent directors are deliberated and approved by the Company's Board of Shareholders, they will together with 1 employee representative director elected by the Company's Employees' Congress constitute the Fourth Session of the Board of Directors of the Company. The directors of the Fourth Session of the Board of Directors shall serve a term of three years, commencing from the date of election and approval by the Company's Board of Shareholders.
II. Other Explanations
(I) The qualifications of the above director candidates comply with the requirements of the relevant laws, administrative regulations and normative documents regarding the qualifications of directors, and there are no circumstances as provided in the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 1 - Standardized Operation and the Articles of Association that prohibit them from serving as directors of the Company, nor are there any other circumstances in which they have been determined by the Shanghai Stock Exchange to be unsuitable to serve as directors of a listed company.
(II) In order to ensure the normal operation of the Board of Directors, before the new session of the Board of Directors is formed, the Third Session of the Board of Directors of the Company will continue to perform the duties and responsibilities of directors in accordance with the relevant laws and regulations and the provisions of the Articles of Association.
The members of the Third Session of the Board of Directors of the Company have been diligent and responsible during their term of office and have played a positive role in promoting the standardized operation and sustainable development of the Company. The Company expresses its heartfelt thanks to all directors of the Third Session of the Board of Directors for their contributions to the development of the Company during their term of office!
Ming Yang Smart Energy Group Limited
September 24, 2026
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