REG - Ming Yang Smart Engy - Resolution of the Third EGM in 2025

Ming Yang Smart EnergyAnnouncement

20/10/2025 11:00

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RNS Number : 0389E  Ming Yang Smart Energy Group Ltd  20 October 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)

 

Resolution of the Third Extraordinary General Meeting of 2025

 

Important notice:

 

• Whether any of the proposed resolution at the meeting was objected: None

 

I. CONVENING AND ATTENDANCE OF THE MEETING

 

(I)        Date of the General Meeting: 20 October 2025

 

(II)       Venue of the General Meeting: the conference room on the 5th
floor of Ming Yang Smart Energy Group Limited (the "Company"), Ming Yang
Industrial Park, No. 22, Torch Avenue, Zhongshan Torch High-tech Industrial
Development Zone, Zhongshan City, Guangdong, People's Republic of China

 

(III)      Ordinary shareholders and preference shareholders with
recovered voting rights who attended the meeting and their shareholdings:

 

 1.   The number of shareholders attending in person or by proxy                1,038
 2.   The total number of shares carrying voting rights held by shareholders    956,922,146
 attending the meeting (shares)
 3.   The number of shares carrying voting rights held by shareholders          44.5002
 attending the meeting as a percentage of the total number of shares of the
 Company carrying voting rights (%)

The "Total number of voting shares of the company" as indicated in the above
table excludes the number of shares in the Repurchase Securities Account of
Ming Yang Smart Energy Group Limited without voting rights.

 

(IV)      Whether the voting procedures were in compliance with the
requirements under the Company Law of the People's Republic of China ("Company
Law") and the articles of association of the Company ("Articles of
Association"), the presiding of the meeting and other details.

 

The meeting was convened by the Board of the Company. According to the
Company's "Rules of Procedure for General Meeting": "The general meeting shall
be presided over by the chairman of the Board of Directors. If the chairman of
the Board of Directors is unable or fails to perform his/her duties, the
meeting shall be presided over by a director jointly elected by more than half
of the directors." As Mr. Zhang Chuanwei, the Chairman of the Company, was
unable to attend this General Meeting due to official business, Mr. Fan
Yuanfeng, a director jointly recommended by a majority of the directors,
presided over the Third Extraordinary General Meeting of 2025. The meeting is
conducted and voted on through a combination of on-site voting and online
voting. The convening and holding of the meeting comply with the provisions of
the Company Law and the Articles of Association.

 

(V)       Attendance of the Directors, supervisors of the Company and
secretary to the Board

 

1.   7 out of the 11 incumbent directors of the Company attended the meeting
on-site or online. Chairman of the board Mr. Zhang Chuanwei, Director Mr.
Zhang Qiying, Director Mr. Zhang Rui and Director Ms. Zhang Chao were unable
to attend the meeting due to other business arrangements;

2.   Mr. Wang Chengkui, the secretary to the Board of the Company, attended
the meeting; and other senior management of the Company, including Mr. Liu
Jianjun (Chief Risk Control Officer) attended the meeting.

 

II. VOTING RESULTS OF THE RESOLUTION

 

(I) Resolution by non-cumulative poll

1. Resolution on the Proposal on Changing the Purpose of Repurchased Shares
and Canceling a Portion Thereof

Result after consideration: approved

Voting results:

 Class of shareholders  Affirmative                      Dissenting                       Abstaining
                        Number of votes  Percentage (%)  Number of votes  Percentage (%)  Number of votes  Percentage (%)
 A share                955,921,868      99.8954         822,678          0.0859          177,600          0.0187

 

2. Resolution on the Proposal on the Company's 2025 Stock Option Incentive
Plan (Draft)

Result after consideration: approved

Voting results:

 Class of shareholders  Affirmative                      Dissenting                       Abstaining
                        Number of votes  Percentage (%)  Number of votes  Percentage (%)  Number of votes  Percentage (%)
 A share                942,249,375      98.4666         14,455,571       1.5106          217,200          0.0228

 

3. Resolution on the Administrative Measures for the Implementation Assessment
of 2025 Stock Option Incentive Plan

Result after consideration: approved

Voting results:

 Class of shareholders  Affirmative                      Dissenting                       Abstaining
                        Number of votes  Percentage (%)  Number of votes  Percentage (%)  Number of votes  Percentage (%)
 A share                942,210,175      98.4625         14,493,171       1.5145          218,800          0.0230

 

4. Resolution on the Proposal on Requesting the Shareholders' Meeting to
Authorize the Board to Handle Matters Related to the Company's 2025 Stock
Option Incentive Plan

Result after consideration: approved

Voting results:

 Class of shareholders  Affirmative                      Dissenting                       Abstaining
                        Number of votes  Percentage (%)  Number of votes  Percentage (%)  Number of votes  Percentage (%)
 A share                942,257,475      98.4675         14,445,071       1.5095          219,600          0.0230

 

5. Resolution on the Proposal on the 2025 Employee Stock Ownership Plan
(Draft)

Result after consideration: approved

Voting results:

 Class of shareholders  Affirmative                      Dissenting                       Abstaining
                        Number of votes  Percentage (%)  Number of votes  Percentage (%)  Number of votes  Percentage (%)
 A share                913,819,435      95.4956         42,929,911       4.4862          172,800          0.0182

 

6. Resolution on the Administrative Measures for 2025 Employee Stock Ownership
Plan

Result after consideration: approved

Voting results:

 Class of shareholders  Affirmative                      Dissenting                       Abstaining
                        Number of votes  Percentage (%)  Number of votes  Percentage (%)  Number of votes  Percentage (%)
 A share                913,836,735      95.4975         42,913,211       4.4845          172,200          0.0180

 

7. Resolution on the Proposal on Requesting the Shareholders' Meeting to
Authorize the Board to Handle Matters Related to the 2025 Employee Stock
Ownership Plan

Result after consideration: approved

Voting results:

 Class of shareholders  Affirmative                      Dissenting                       Abstaining
                        Number of votes  Percentage (%)  Number of votes  Percentage (%)  Number of votes  Percentage (%)
 A share                913,834,735      95.4972         42,904,111       4.4835          183,300          0.0193

 

8. Resolution on the Proposal on Changing the Company's Registered Capital

Result after consideration: approved

Voting results:

 Class of shareholders  Affirmative                      Dissenting                       Abstaining
                        Number of votes  Percentage (%)  Number of votes  Percentage (%)  Number of votes  Percentage (%)
 A share                955,663,690      99.8684         1,010,978        0.1056          247,478          0.0260

 

9. Resolution on the Proposal on Amending the Articles of Association

Result after consideration: approved

Voting results:

 Class of shareholders  Affirmative                      Dissenting                       Abstaining
                        Number of votes  Percentage (%)  Number of votes  Percentage (%)  Number of votes  Percentage (%)
 A share                955,650,912      99.8671         1,016,456        0.1062          254,778          0.0267

 

10. Resolution on the Proposal on the Appointment of an Accounting Firm

Result after consideration: approved

Voting results:

 Class of shareholders  Affirmative                      Dissenting                       Abstaining
                        Number of votes  Percentage (%)  Number of votes  Percentage (%)  Number of votes  Percentage (%)
 A share                955,792,012      99.8818         883,734          0.0923          246,400          0.0259

 

(II) Voting results of shareholders with less than 5% share interest in
relation to material items

 Resolution No.  Resolution                                                                      Affirmative                  Dissenting                       Abstaining
                 Number of votes                                                                              Percentage (%)  Number of votes  Percentage (%)  Number of votes  Percentage (%)
 1               Proposal on Changing the Purpose of Repurchased Shares and Canceling a Portion  565,797,770  99.8235         822,678          0.1451          177,600          0.0314
                 Thereof
 2               Proposal on the Company's 2025 Stock Option Incentive Plan (Draft)              552,125,277  97.4112         14,455,571       2.5503          217,200          0.0385
 3               Administrative Measures for the Implementation Assessment of 2025 Stock Option  552,086,077  97.4043         14,493,171       2.5570          218,800          0.0387
                 Incentive Plan
 4               Proposal on Requesting the Shareholders' Meeting to Authorize the Board to      552,133,377  97.4127         14,445,071       2.5485          219,600          0.0388
                 Handle Matters Related to the Company's 2025 Stock Option Incentive Plan
 5               Proposal on the 2025 Employee Stock Ownership Plan (Draft)                      523,695,337  92.3954         42,929,911       7.5741          172,800          0.0305
 6               Administrative Measures for 2025 Employee Stock Ownership Plan                  523,712,637  92.3984         42,913,211       7.5711          172,200          0.0305
 7               Proposal on Requesting the Shareholders' Meeting to Authorize the Board to      523,710,637  92.3981         42,904,111       7.5695          183,300          0.0324
                 Handle Matters Related to the 2025 Employee Stock Ownership Plan
 10              Proposal on the Appointment of an Accounting Firm                               565,667,914  99.8006         883,734          0.1559          246,400          0.0435

 

(III) Details in relation to the voting results of the resolution

1.   Special resolution: Resolution 2,3,4,8 and 9

2.   The resolution for separate counting of votes cast by minority
investors: Resolution 1,2,3,4,5,6,7 and 10

3.   Resolution involving related shareholder abstention from voting:
Resolution 2,3,4,5,6 and 7

Names of connected shareholders who should abstain from voting: Mr. Wang
Limin, Mr. Fan Yuanfeng and etc.

 

III. ATTESTATION BY LAWYER

1.   The General Meeting was attested by: ZHONG LUN LAW FIRM

2.   Lawyers: Zhou Yuxiang, Cai Tengfei

3.   Concluding opinions from the lawyers for the attestation:

In the lawyers' opinion, the convening and holding procedures of the general
meeting were in compliance with relevant laws, administrative regulations,
Rules of Procedures for the General Meetings and the Articles of Association;
the qualifications of the persons attending the meeting and the convener were
lawful and valid; and the voting procedures conducted at the meeting and the
voting results thereof were lawful and valid.

 

Ming Yang Smart Energy Group Limited

20 October 2025

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