Last checked at 26 Sep 2023 12:46
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 Resolutions of the First Meeting of
the Third Session of the Board of Supervisors
Ming Yang Smart Energy Group Co., Ltd. (hereinafter referred to as the "Company") held its first meeting of the third session of the Board of Supervisors on 26 September 2023 at the conference room of the Company's headquarter building by a combination of on-site voting and voting by correspondence, in view of the fact that the Company needed to convene the meeting of the Board of Supervisors to consider the relevant resolutions as soon as possible in accordance with the arrangement of relevant work. According to the Articles of Association and the Rules of Procedure of the Board of Supervisors, "the time limit for notification of the Board of Supervisors shall be: all Supervisors shall be notified five days before the meeting. However, in case of emergency, the Board of Supervisors may give notice of extraordinary meeting by telephone or other verbal means at any time, provided that the convener shall make a statement at the meeting." The meeting was notified to each of the Supervisors in writing, or by telephone or mail on 26 September 2023, and the Supervisors present at the meeting had been informed of the necessary information relating to the business to be transacted. Three Supervisors should be present at this meeting and three were actually present. The meeting was chaired by Mr. Wang Limin, in compliance with the relevant provisions of the Company Law and the Articles of Association.
The following resolutions were considered and adopted at the meeting:
1. Consideration and adoption of the Resolution on the Election of the Chairman of the Third Session of the Board of Supervisors of the Company
The election of Mr. Wang Limin as the chairman of the second session of the Board of Supervisors was approved.
Voting results: Approving votes: 3; Dissenting votes: 0; Abstention votes: 0.
2. Consideration and adoption of the Resolution on the Repurchase and Cancellation of the Restricted Stocks Granted, but not yet Released, to Certain Participants under the 2019 Restricted Stock Incentive Plan
In accordance with the Administrative Measures for Share Incentives of Listed Companies and the 2019 Restricted Stock Incentive Plan (Amended Draft), three incentive recipients granted for the first time and one incentive recipient reserved for grant under the 2019 Restricted Stock Incentive Plan were ineligible as incentive recipients due to leaving their jobs for personal reasons or having been elected as a Supervisor of the Company, and there was no prejudice to the interests of the Company and all of the shareholders to carry out the repurchase at the repurchase price adjusted by the deliberation. Therefore, the Board of Supervisors agreed to repurchase and cancel 224,500 restricted shares which had been granted to the above-mentioned 4 individuals but had not been released from restriction of sale.
Voting results: Approving votes: 2; Dissenting votes: 0; Abstention votes: 0.
Wang Limin, a Supervisor, as an incentive recipient under the Restricted Stock Incentive Plan of the Company, recused himself from voting on the resolution.
Pursuant to the authorization of the Company's 2019 annual general meeting, the resolution on the repurchase and cancellation does not need to be submitted to the general meeting for consideration.
Ming Yang Smart Energy Group Limited
26 September 2023