REG - Ming Yang Smart Engy - Progress of Asset Acquisition

Ming Yang Smart EnergyAnnouncement

23/02/2026 09:00

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RNS Number : 9989T  Ming Yang Smart Energy Group Ltd  23 February 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 Progress of Matter in Respect of the Issuance of Shares and
Cash Payment for Asset Acquisition, Raising of Supporting Funds and
Related-Party Transaction

 

I. Basic Information of the Transaction

Ming Yang Smart Energy Group Limited (hereinafter referred to as the
"Company") is planning to acquire 100% equity of Uniwatt Technology Co., Ltd.
through the issuance of shares and cash payment and to raise supporting funds,
which constitutes a related-party transaction (hereinafter referred to as "the
Transaction"). According to the Administrative Measures for the Major Asset
Restructuring of Listed Companies and other relevant regulations, the
Transaction constitutes a related-party transaction but is not expected to
constitute a major asset restructuring.

II. Progress of the Transaction

In accordance with the relevant regulations of the Shanghai Stock Exchange,
the trading of the Company's A share stock (stock abbreviation: MYSE, stock
code: 601615) has been suspended from the opening of the market on January 13,
2026 (Tuesday). The suspension lasts for no more than 10 trading days. For
details, please refer to the Announcement on Trading Suspension in Respect of
the Proposed Issuance of Shares and Cash Payment for Asset Acquisition,
Raising of Supporting Funds and Related-Party Transactions disclosed by the
Company on January 13, 2026.

On January 22, 2026, the Company held the 30th meeting of the third Board, at
which the Proposal on 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 and other proposals related to
the Transaction were reviewed and approved. 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 and other relevant announcements disclosed by the
Company on January 22, 2026.

Upon application to the Shanghai Stock Exchange, the trading of the Company's
A share stock (stock abbreviation: MYSE, stock code: 601615) was resumed from
the market opening on Friday, January 23, 2026. For details, please refer to
the Announcement on General Risk Warning Regarding the Disclosure of the
Restructuring Proposal and the Resumption of Trading of the Company's Stock
disclosed by the Company on January 22, 2026.

On January 23, 2026, the Company received the Inquiry Letter on the
Information Disclosure of the Proposal of Ming Yang Smart Energy Group Limited
on Issuance of Shares and Cash Payment for Asset Acquisition (SZGH  2026  No.
0129) (hereinafter referred to as the "Inquiry Letter") from the Listed
Company Management Department I of the Shanghai Stock Exchange. In accordance
with the Inquiry Letter, the Company has organized relevant parties to conduct
careful verification, analysis, and research on the related matters, and has
implemented and responded to them item by item. Meanwhile, the Company has
revised, supplemented, and disclosed the Proposal on Issuance of Shares and
Cash Payment for Asset Acquisition, Raising of Supporting Funds and
Related-Party Transactions of Ming Yang Smart Energy Group Limited in
accordance with the requirements of the Inquiry Letter and the relevant
replies, which are marked in bold italic. For details, please refer to the
Announcement on the Reply to the Inquiry Letter from the Shanghai Stock
Exchange Regarding the Information Disclosure of the Proposal on Issuance of
Shares and Cash Payment for Asset Acquisition and 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
(Revised Version) disclosed by the Company on February 5, 2026.

As of the disclosure date of this Announcement, the Company is actively
communicating with the parties to the Transaction regarding the transaction
plan and is proceeding with the work related to the Transaction in an orderly
manner. The audit, valuation, and other work related to the assets involved in
the Transaction are progressing in an orderly manner. The Company will
strictly fulfill its information disclosure obligations in accordance with the
relevant laws and regulations and the progress of the Transaction.

III. Risk Warning

The parties to the Transaction have not yet signed a formal transaction
agreement, and the Transaction is still subject to multiple approval
procedures before it can be formally implemented, including but not limited to
re-submission to the Company's Board and Shareholders' Meeting for
deliberation, and being approved, reviewed, or registered by the competent
regulatory authorities.

There is still uncertainty as to whether the Transaction can be finally
implemented. All relevant information shall be subject to the announcements
published by the Company. Investors are kindly reminded to invest rationally
and be aware of investment risks.

 

 

Ming Yang Smart Energy Group Limited

23 February, 2026

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