REG - Ming Yang Smart Engy - Abnormal Fluctuations in Stock Trading

Ming Yang Smart EnergyAnnouncement

26/01/2026 14:15

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RNS Number : 4077Q  Ming Yang Smart Energy Group Ltd  26 January 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 Abnormal Fluctuations in Stock Trading

 

Important:

l The cumulative deviation of the closing price increase of the stock of Ming
Yang Smart Energy Group Limited (hereinafter referred to as "the Company")
exceeded 20% for two consecutive trading days on January 23, 2026 and January
26, 2026. According to the relevant provisions of the Trading Rules of
Shanghai Stock Exchange, the trading of the Company's stock constitutes a
situation of abnormal fluctuations.

l Based on the Company's self-inspection and written inquiries to the
controlling shareholder and actual controller, as of the disclosure date of
this Announcement, the Company's production and operations are all normal, and
there is no material information that should have been disclosed but was not
disclosed by the Company, its controlling shareholder, or its actual
controller. The Company has disclosed the matter of issuing shares and paying
cash to acquire assets and raise supporting funds, and recently received an
inquiry letter from the Shanghai Stock Exchange regarding this matter. The
Company is currently actively organizing relevant responses. The Target Assets
involved in this matter are subject to the risk of loss and constitute a
related-party transaction. This matter is still subject to uncertainties, and
investors are advised to pay attention to the major risk warnings in this
proposal.

l According to the industry classification of the China Association for Public
Companies, the Company is engaged in the general equipment manufacturing
industry. As of January 26, 2026, the Company's latest price-to-earnings ratio
is 155.64, while the latest static price-to-earnings ratio for the same
industry is 51.26, which is higher than the industry average. The Company
draws the attention of investors to risks in secondary market trading and they
are kindly advised to make prudent decisions, and invest rationally.

 

I. Abnormal Fluctuations in Stock Trading

The cumulative deviation of the closing price increase of the Company's stock
exceeded 20% for two consecutive trading days on January 23, 2026 and January
26, 2026. According to the relevant provisions of the Trading Rules of
Shanghai Stock Exchange, the trading of the Company's stock constitutes a
situation of abnormal fluctuations.

II. Relevant Situations that the Company has Followed up on and Verified

(I) Production and Operation

Currently, the Company's internal production and operation are in normal
order, and there have been no other major changes in the market environment of
the industry in which the Company operates. There is no material information
that should be disclosed but has not been. There is no need to correct or
supplement the information previously disclosed by the Company.

(II) Major Matters

The Company plans to acquire 100% equity of Uniwatt Technology Co., Ltd.
("Uniwatt") held in total by its 9 shareholders by issuing shares and paying
cash to acquire assets; Meanwhile, the Company plans to issue shares to no
more than 35 specific investors who meet the conditions of the CSRC to raise
supporting funds. On January 22, 2026, the Company held the 30th meeting of
the third Board, at which it reviewed and approved proposals related to the
Transaction, including the Proposal of Ming Yang Smart Energy Group Limited on
Issuance of Shares and Cash Payment for Asset Acquisition, Raising of
Supporting Funds and Related-Party Transactions Complying with Relevant Laws
and Regulations and the Proposal on the  and its
Summary. The audit and valuation work related to this restructuring has not
yet been completed, and it still needs to be submitted to the Company's Board
for another review and to the Company's Shareholders' Meeting for approval. It
also requires approval, review, or registration consent from the competent
regulatory authorities before implementation. There is still uncertainty as to
whether the Transaction can be implemented. For details, please refer to the
Proposal of Ming Yang Smart Energy Group Limited on Issuance of Shares and
Cash Payment for Asset Acquisition, Raising of Supporting Funds and
Related-Party Transactions disclosed by the Company on the designated
information disclosure media on January 23, 2026. The Company recently
received an inquiry letter from the Shanghai Stock Exchange regarding this
matter and is currently actively organizing relevant responses.

Based on the Company's self-inspection and written inquiries for verification
with the Company's controlling shareholder and actual controller, as of the
disclosure date of this Announcement, apart from the restructuring-related
matters already disclosed by the Company, neither the Company nor its
controlling shareholder or actual controller is planning any major matters
involving the Company, including but not limited to major asset restructuring,
share issuance, major transaction-related matters, business restructuring,
share repurchase, equity incentives, bankruptcy and reorganization, major
business cooperation, or introduction of strategic investors.

(III) Media Reports, Market Rumors, and Hot-Button Concepts

Based on its self-inspection, the Company has not found any media reports or
market rumors that may have a significant impact on the Company's stock
trading price; no other major matters that could have a significant impact on
the Company's stock price have been found.

(IV) Other Price-Sensitive Information

Based on its self-inspection, the Company has not identified any other major
events that could have a significant impact on its stock price. Except for the
information already disclosed by the Company, there is no other material
information that should be disclosed but has not been. The Company's
controlling shareholder, actual controller, Directors, and senior officers did
not trade the Company's stock during the period of abnormal fluctuations in
the Company's stock trading.

III. Relevant Risk Warnings

The cumulative deviation of the closing price increase of the Company's stock
exceeded 20% for two consecutive trading days on January 23, 2026 and January
26, 2026, and the Company's stock price may be at risk of falling after a
significant short-term increase.

The Company has disclosed the matter of issuing shares and paying cash to
acquire assets and raise supporting funds. Recently, the Company received an
inquiry letter from the Shanghai Stock Exchange regarding this matter and is
currently actively organizing relevant responses. This matter is still subject
to uncertainties, and the Company draws the attention of investors to the
following risks:

1. The Target Assets involved in this matter are subject to the risk of loss
and constitute a related-party transaction, and there are risks such as
downstream market expansion falling short of expectations, intensified
competition, client concentration, and changes in downstream industrial
policies; For risks related to the Transaction and other risks related to the
Target Assets, please refer to the Major Risk Warning section of the Proposal
of Ming Yang Smart Energy Group Limited on Issuance of Shares and Cash Payment
for Asset Acquisition, Raising of Supporting Funds and Related-Party
Transactions.

2. According to the industry classification of the China Association for
Public Companies, the Company is engaged in the general equipment
manufacturing industry. As of January 26, 2026, the Company's latest
price-to-earnings ratio is 155.64, while the latest static price-to-earnings
ratio for the same industry is 51.26, which is higher than the industry
average.

The Company solemnly reminds investors that information about the Company
shall be subject to the relevant announcements published on the website of the
Shanghai Stock Exchange (http://www.sse.com) and the Company's designated
information disclosure media. Investors are kindly reminded to be aware of the
risks in secondary market trading, make prudent decisions, and invest
rationally.

IV. Statement of the Board and Commitments from Relevant Parties

The Company's Board confirms that, except for the information disclosed in
Part II above in accordance with relevant regulations, the Company has no
matters that should be disclosed but have not been, or any planning,
negotiation, intention, or agreement related to such matters, under the Rules
Governing the Listing of Stocks on Shanghai Stock Exchange and other relevant
regulations. The Board is also not aware of any information that should be
disclosed but has not been under the Rules Governing the Listing of Stocks on
Shanghai Stock Exchange and other relevant regulations, which could have a
significant impact on the trading price of the Company's stock and its
derivatives. There is no need to correct or supplement the information
previously disclosed by the Company.

 

Ming Yang Smart Energy Group Limited

26 January 2026

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