REG - Ming Yang Smart Engy - Completion of Non-Trading Transfer for 2025 ESOP

Ming Yang Smart EnergyAnnouncement

29/12/2025 09:45

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RNS Number : 9787M  Ming Yang Smart Energy Group Ltd  29 December 2025

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)

 

Ming Yang Smart Energy Group Limited

Announcement on the Completion of Non-Trading Transfer for the 2025 ESOP

 Disclosure time and announcement title of the Draft ESOP            Time: September 26, 2025

                                                                     Title: 2025 ESOP (Draft) of Ming Yang Smart Energy Group Limited
 Completion time of transfer                                         December 26, 2025
 Transfer price, quantity and percentage of the total share capital  Price: RMB 7.02/share

                                                                     Quantity: 9.79 million shares, accounting for 0.43% of the total share capital

 

I. Overview of the ESOP

Ming Yang Smart Energy Group Limited (the "Company") held the 24th meeting of
the third Board on September 25, 2025, and the third extraordinary
shareholders' meeting on October 20, 2025, where the Proposal on the Company's
2025 ESOP (Draft) and its Summary and other relevant proposals were reviewed
and passed, approving the implementation of the Company's 2025 ESOP (the
"ESOP"). The total number of employees participating in the ESOP shall not
exceed 110. The total number of underlying shares to be held shall not exceed
10 million shares. The source of these shares is the stock repurchased by the
Company and held in a dedicated repurchase securities account. The purchase
price for these repurchased shares under the ESOP is RMB 7.02 per share. For
detailed information, please refer to the announcements disclosed on
designated information disclosure media on September 26, 2025 and October 21,
2025.

 

II. Completion of Transfer for the ESOP

In accordance with the Guiding Opinions on the Pilot Implementation of ESOP by
Listed Companies, the Guidelines No. 1 of Shanghai Stock Exchange for
Self-Regulation of Listed Companies - Standardized Operation, and other
relevant regulations, the implementation progress of the ESOP is announced as
follows:

According to the actual subscription situation of the participants and the
final payment verification results, a total of 107 employees actually
participated in the subscription of the ESOP. The subscription funds have been
fully paid, with a final number of subscribed shares of 9.79 million, and the
total subscription funds amounting to RMB 68.7258 million. The number of
shares corresponding to the subscribed shares is 9.79 million, and the source
of the stocks is the ordinary shares repurchased through the Company's
dedicated repurchase account.

On December 29, 2025, the Company received the Securities Transfer and
Registration Confirmation Form issued by China Securities Depository and
Clearing Corporation Limited Shanghai Branch, stating that the shares held in
the dedicated repurchase account were transferred to the "Ming Yang Smart
Energy Group Limited - 2025 ESOP" dedicated securities account on December 26
2025, at a non-trading transfer price of RMB 7.02 per share. The number of
shares transferred was 9.79 million, accounting for 0.43% of the Company's
current total share capital. Except for three individuals who voluntarily gave
up their respective shares, there is no difference between the actual transfer
of shares under the ESOP and the plan approved by the Shareholders' Meeting.

 

III. Subsequent Arrangement of the ESOP

According to the 2025 ESOP of Ming Yang Smart Energy Group Limited, the
duration of the ESOP shall not exceed 36 months, starting from the date when
the Draft ESOP is approved by the Shareholders' Meeting and the Company
announces the transfer of the last batch of underlying shares to the ESOP. The
underlying shares acquired under the ESOP shall be unlocked in two phases,
with the unlocking time being 12 months and 24 months from the date the
Company announces the transfer of the last batch of underlying shares to the
ESOP. The proportion of underlying shares unlocked in each phase is 50%, and
the specific unlocking proportion and quantity for each year are determined
based on the Company's performance assessment indicators and the assessment
results of the holders. The underlying shares acquired under the ESOP, as well
as shares derived from stock dividends and capital reserve conversions, are
also subject to the aforementioned stock lock-up arrangements.

The Company will continue to monitor the implementation progress of the ESOP
and fulfill its information disclosure obligations in a timely manner in
accordance with relevant laws and regulations. Investors are kindly reminded
to pay attention to investment risks.

 

 

Ming Yang Smart Energy Group Limited

29 December, 2025

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