REG - Ming Yang Smart Engy - Director Resignations, Appointments & Mgmt Changes

Ming Yang Smart EnergyAnnouncement

14/08/2025 10:45

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RNS Number : 3592V  Ming Yang Smart Energy Group Ltd  14 August 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)

 

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

 Name         Positions for resignation                                     Time of departure  Expiration date of original term  Reason for resignation  Whether to continue serving in the listed company and its holding subsidiaries  Specific roles                        unfulfilled public commitments
 Wang Jinfa   Director, member of the Remuneration and Appraisal Committee  2025-08-13         2026-09-25                        Retirement age          Yes                                                                             Senior Advisor (Retired and rehired)  No

 Zhang Dawei  Director                                                      2025-08-13         2026-09-25                        Retirement age          No                                                                              Not applicable                        No

 Liu Lianyu   President of Energy Service Business Unit                     2025-08-13         2026-09-25                        Retirement age          Yes                                                                             Senior Advisor (Retired and rehired)  No

 

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.

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