Conversion of exchangeable bonds issued by controlling shareholder into the Company's A shares and delisting upon first-tranche maturity of 6,556,099 shares at 24.42

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mingyang New Energy Investment Holding Group Co., Ltd.

2

Reason for the notification

a)

Position/status

The controlling shareholder of the Company

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ming Yang Smart Energy Group Limited

b)

LEI

300300W76R6UJHEZL847

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

A shares

Identification code

601615

b)

Nature of the transaction

Conversion of exchangeable bonds issued by controlling shareholder into the Company's A shares and delisting upon first-tranche maturity

c)

Price(s) and volume(s)

Price(s)

Volume(s)

CNY24.42

6,556,099

d)

Aggregated information

- Aggregated volume

6,556,099

- Price

CNY24.42

- Total

CNY160,099,937.58

e)

Date of the transaction

2026-10-09

f)

Place of the transaction

Shanghai Stock Exchange