Ming Yang Smart Regulatory News (MYSE)

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 Resignation of Directors and Senior Management, and Election of New Directors and Adjustment of Senior Management Positions of the Company

Ming Yang Smart Energy Group Limited (the "Company") has recently received resignation letters submitted by Mr. Wang Jinfa and Mr. Zhang Dawei, non-independent directors of the Company, and Mr. Liu Lianyu, a member of Senior Management, and at the 22nd meeting of the Third Session of the Board of Directors of the Company convened on 14 August 2025, the proposals, including the election of new directors, election of members of the Audit Committee and adjustment of senior management positions, were considered and approved. The specific details are as follows:

I. Resignation of Directors and Senior Management

II. Impact of the Resignation of Directors and Senior Management on the Company

Pursuant to the relevant requirements of the Company Law and the Self-regulatory Guidelines No. 1 for Listed Companies on the Shanghai Stock Exchange - Standardized Operation, the resignations of Mr. Wang Jinfa and Mr. Zhang Dawei will not result in the number of members of the Board of Directors falling below the statutory minimum, which will take effect from the date of delivery of their resignation reports to the Company; the resignation of Mr. Liu Lianyu will take effect from the date of delivery of his resignation report to the Board of Directors of the Company.

Mr. Wang Jinfa, Mr. Zhang Dawei, and Mr. Liu Lianyu have completed the handover procedures in accordance with the relevant regulations of the Company. Their resignations will not affect the daily production and operation of the Company and the normal operation of the Board of Directors.

The Board of Directors of the Company would like to express its sincere gratitude to Mr. Wang Jinfa and Mr. Zhang Dawei for their contribution to the development of the Company during their tenure as directors of the Company, and to Mr. Liu Lianyu for his contribution to the development of the Company during his tenure as a member of the senior management of the Company.

III. On the Election of Members to the Audit Committee

Pursuant to the provisions of the Company Law, the Articles of Association and the Implementation Rules for the Audit Committee of the Board, upon nomination by Mr. Zhang Chuanwei, Chairman and Chief Executive Officer (General Manager) of the Company, and review by the Nomination Committee of the Board, at the 22nd meeting of the Third Session of the Board of Directors of the Company convened on 14 August 2025, the "Proposal on the Election of Members of the Audit Committee" was considered and approved, agreeing to elect Mr. Fan Yuanfeng as a member of the Audit Committee of the Company, with his term of office commencing from the date of approval at this Board meeting until the expiry of the term of this session of the Board.

The resignation of Mr. Ge Changxin, Vice Chairman of the Company, took effect from the date of this Board resolution. For details, please refer to the " Announcement on the Resignation of the Vice Chairman of the Company" issued by the Company on 7 July 2025. The Board of Directors would like to express its sincere gratitude to Mr. Ge Changxin for his contribution to the development of the Company during his tenure as the Vice Chairman of the Board and a member of the Audit Committee.

IV. On the Election of Directors

Pursuant to the provisions of the Company Law, the Articles of Association and the Rules of Procedure for the Board of Directors, upon review by the Nomination Committee of the Board, at the 22nd meeting of the Third Session of the Board of Directors of the Company convened on 14 August 2025, the "Proposal on the Election of Candidates for Non-Independent Directors of the Third Session of the Board of Directors of the Company" was considered and approved, agreeing to nominate Ms. Zhang Chao and Mr. Lin Maoliang as candidates for non-independent directors for the Third Session of the Board of Directors of the Company. Their term of office will commence from the date of approval at the shareholders' general meeting until the expiry of the term of this session of the Board of Directors.

The biographical details of Ms. Zhang Chao and Mr. Lin Maoliang set out in the appendix.

V. On the Adjustment of Certain Senior Management Positions

Based on business optimization and organizational restructuring, at the 22nd meeting of the Third Session of the Board of Directors of the Company convened on 14 August 2025, the "Proposal on the Adjustment of Certain Senior Management Positions " was considered and approved, details of which are set forth below:

The position of Mr. Zhang Qiying has been adjusted to Business President;

The position of Mr. Zhang Rui has been adjusted to Vice President;

The position of Mr. Wang Dongdong has been adjusted to Vice President;

The positions of other senior management members remain unchanged, and the above position adjustments do not affect their tenure.

Ming Yang Smart Energy Group Limited

14 August 2025

Appendix: Biographical details of candidates for non-independent Directors:

1. Ms. Zhang Chao, born in 1988, is a PRC national with no right of abode overseas and holds a bachelor's degree. Since January 2017, she has been serving as General Manager of the Capital Operation and Asset Management Department and Deputy General Manager of the Smart Energy Division of Ming Yang Smart Energy Group Limited, Chairperson of East China Smart Energy Research Institute, Vice President of Business, and General Manager of the Investment and Asset Management Department. From March 2023 to September 2023, she served as Director of the Company.

As at the date hereof, Ms. Zhang Chao does not hold any shares of the Company. She is a close relative of Mr. Zhang Chuanwei, Director and Chief Executive Officer (General Manager) of the Company, and Mr. Zhang Rui, Director of the Company. Save as disclosed above, Ms. Zhang Chao has no related relationship with other Directors, supervisors, senior management or shareholders holding 5% or more of the Company's shares, and does not fall within any of the circumstances set out in Article 3.2.2 of the Guidelines No. 1 for the Application of Self-regulatory Rules of Companies Listed on the Shanghai Stock Exchange - Standard Operation.

2. Mr. Lin Maoliang, born in 1971, is a PRC national with no right of abode overseas and holds a master's degree. He has successively served as Deputy Director of the Risk Control and Legal Department of Guangdong Hengjian Investment Holding Co., Ltd., Deputy General Manager of Guangdong Hengtai'an Investment Co., Ltd., Deputy General Manager of Guangdong Agricultural Supply Side Structural Reform Funds Management Co., Ltd., Deputy General Manager of Guangdong Hengjian International Investment Co., Ltd., Director and General Manager of Guangdong Hengjian International Investment Co., Ltd., Supervisor of Everbright Securities Company Limited, and a Director of Dirui Industrial Co., Ltd.. He is currently the General Manager of Guangdong Hengkuo Investment Management Co., Ltd. and a Director of East Group Co., Ltd.

As at the date hereof, Mr. Lin Maoliang does not hold any shares of the Company. He has no related relationship with other Directors, supervisors, senior management, de facto controllers or shareholders holding 5% or more of the Company's shares, and does not fall within any of the circumstances set out in Article 3.2.2 of the Guidelines No. 1 for the Application of Self-regulatory Rules of Companies Listed on the Shanghai Stock Exchange - Standard Operation.