REG - Ming Yang Smart Engy - Resolution of the First 2025 ESOP Holders‘ Meeting

Ming Yang Smart EnergyAnnouncement

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RNS Number : 8565Y  Ming Yang Smart Energy Group Ltd  31 March 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 the Resolutions of the First Meeting of Holders of the 2025
ESOP

The first Meeting of Holders of the 2025 ESOP of Ming Yang Smart Energy Group
Limited (hereinafter referred to as the "Company") was held on March 31, 2026,
2026 at the conference room of the Company's headquarters building by way of
voting by correspondence. The meeting was convened and presided over by Mr.
Chengkui Wang, the Secretary of the Company's Board. A total of 107 holders
attended the meeting, representing 9,790,000 shares of the 2025 ESOP, which
accounts for 100% of the total shares actually implemented of the Company's
2025 ESOP. The convening, holding, and voting procedures of the meeting
complied with the provisions of the 2025 Employee Stock Ownership Plan of Ming
Yang Smart Energy Group Limited (hereinafter referred to as the "2025 ESOP")
and the Administrative Measures for 2025 Employee Stock Ownership Plan of Ming
Yang Smart Energy Group Limited (hereinafter referred to as the
"Administrative Measures for ESOP").

Upon review and approval at the first meeting of Holders of the 2025 ESOP of
the Company, the following resolutions have been adopted:

1. Deliberated on and approved the Proposal on Establishing the Management
Committee for the 2025 ESOP

To ensure the smooth implementation of the Company's 2025 ESOP and to protect
the legitimate rights and interests of the holders, in accordance with the
relevant provisions of the 2025 ESOP and the Administrative Measures for ESOP,
it is agreed to establish the Management Committee for the 2025 ESOP to
represent the holders in the unified management of the ESOP, supervise the
daily management of the ESOP, and exercise shareholder rights on behalf of the
holders. The Management Committee shall consist of 3 members, with 1
Chairperson of the Management Committee. The term of office for the members of
the Management Committee for the 2025 ESOP shall be the duration of the 2025
ESOP.

Voting results: 9,790,000 shares in favor, accounting for 100% of the total
shares held by the holders present at the Meeting of Holders; 0 shares
against, accounting for 0% of the total shares held by the holders present at
the Meeting of Holders; 0 shares abstained, accounting for 0% of the total
shares held by the holders present at the Meeting of Holders.

2. Deliberated on and approved the Proposal on Electing Members of the
Management Committee for the 2025 ESOP

Upon deliberation and voting, Qifa Zhou, Longquan Yan, and Xiaoru Jiang were
elected as members of the Management Committee for the 2025 ESOP, with a term
of office being the duration of the 2025 ESOP. The members of the Management
Committee have no concerted action relationship with the Company's controlling
shareholders, Actual Controller, directors, or senior officers.

Voting results: 9,790,000 shares in favor, accounting for 100% of the total
shares held by the holders present at the Meeting of Holders; 0 shares
against, accounting for 0% of the total shares held by the holders present at
the Meeting of Holders; 0 shares abstained, accounting for 0% of the total
shares held by the holders present at the Meeting of Holders.

The first meeting of the Management Committee for the 2025 ESOP was held on
the same day, at which Qifa Zhou was elected as the Chairperson of the
Management Committee, with a term of office being the duration of the 2025
ESOP.

3. Deliberated on and approved the Proposal on Authorizing the Management
Committee for the 2025 ESOP to Handle Matters Related to this ESOP

In accordance with the relevant provisions of the Company's 2025 ESOP and the
Administrative Measures for ESOP, the Management Committee for the 2025 ESOP
is authorized to handle matters related to this ESOP, as follows:

1. Convene the Meeting of Holders and implement the resolutions of the Meeting
of Holders;

2. Supervise the daily management of the ESOP on behalf of all holders;

3. Handle share subscription matters for the ESOP;

4. Exercise shareholder rights in respect of shares owned by the ESOP on
behalf of all holders or authorize asset management institutions to exercise
shareholder rights;

5. Decide whether to engage professional institutions to provide management or
consulting services for daily management of the ESOP;

6. Responsible for liaison with professional institutions (if any);

7. Sign relevant agreements and contracts on behalf of the ESOP;

8. Dispose of the holders' interests in accordance with the relevant
provisions of "Chapter X: Change, Termination of the ESOP and Disposal of
Holders' Interests" of the 2025 ESOP;

9. Decide on the ownership of unsubscribed shares, recovered shares, or
equities of the ESOP;

10. Manage the benefit distribution of the ESOP, and decide on the disposal
and distribution of the underlying shares and other related matters when the
lock-up period of the ESOP expires;

11. Handle the share registration and inheritance registration of the ESOP;

12. Arrange for share reduction in the ESOP; and

13. Other duties authorized by the Meeting of Holders of the 2025 ESOP.

This authorization shall be valid from the date of the resolution of the first
Meeting of Holders of the Company's 2025 ESOP until the termination date of
the Company's 2025 ESOP.

Voting results: 9,790,000 shares in favor, accounting for 100% of the total
shares held by the holders present at the Meeting of Holders; 0 shares
against, accounting for 0% of the total shares held by the holders present at
the Meeting of Holders; 0 shares abstained, accounting for 0% of the total
shares held by the holders present at the Meeting of Holders.

 

 

 

Ming Yang Smart Energy Group Limited

March 31, 2026

 

 

 

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