Securities Non-Trading Transfer Completed
Ming Yang Smart Energy Group Ltd
28 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 Completion of Non-Trading Transfer of Securities by a Party Acting in Concert with the Controlling Shareholder
Ming Yang Smart Energy Group Limited (hereinafter referred to as "MYSE" or the "Company") has recently received a notice from Hainan Boyun Investment Partnership (Limited Partnership) (hereinafter referred to as "Hainan Boyun"), a party acting in concert with the Company's controlling shareholder, stating that Hainan Boyun has completed the non-trading transfer of securities.
Hainan Boyun is a pre-IPO shareholder of the Company and holds 36,647,003 unrestricted tradable shares, representing 1.62% of the Company's current total share capital (i.e., 2,261,496,706 shares). Recently, Hainan Boyun has decided to dissolve and deregister upon a resolution of all its partners, and the shares of MYSE it held have been registered in the names of each partner through a non-trading transfer of securities. The relevant procedures were completed on September 28, 2026. The Confirmation of Transfer Registration issued by China Securities Depository and Clearing Corporation Limited has been obtained. The details are announced as follows:
I. Details of the non-trading transfer of securities by Hainan Boyun
|
Transferor |
Transferee |
Number of shares transferred (Shares) |
Number of shares held before transfer (shares) |
Number of shares held after transfer (shares) |
Percentage of the Company's total share capital after transfer |
|
Hainan Boyun |
Beihai Ruiyue Venture Capital Co., Ltd. |
1,832,351 |
2,262,876 |
4,095,227 |
0.18% |
|
Chuanwei Zhang |
25,759,618 |
1,909,600 |
27,669,218 |
1.22% |
|
|
Jinfa Wang |
3,621,933 |
4,594,620 |
8,216,553 |
0.36% |
|
|
Qiying Zhang |
3,621,933 |
2,600,000 |
6,221,933 |
0.28% |
|
|
Jianjun Liu |
1,811,168 |
464,400 |
2,275,568 |
0.10% |
II. Other relevant explanations
1. This Change in Equity leads to corresponding changes in the equity of the Company's Actual Controllers and their parties acting in concert, but will not cause any change to the Company's controlling shareholder and Actual Controllers, nor will it have a material impact on the Company's governance structure and continuous operation.
2. The transferees of this non-trade transfer of securities (i.e., Beihai Ruiyue Venture Capital Co., Ltd., Chuanwei Zhang, Jinfa Wang, Qiying Zhang, and Jianjun Liu) will strictly comply with relevant laws, administrative regulations, departmental rules, and normative documents, including the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Interim Measures for the Administration of Shareholding Reduction by Shareholders of Listed Companies, and the Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 15 - Share Reductions by Shareholders, Directors, and Senior Officers.
Ming Yang Smart Energy Group Limited
September 28, 2026
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