REG - Ming Yang Smart Engy - Trading Suspension for Asset Acquisition

Ming Yang Smart EnergyAnnouncement

13/01/2026 11:15

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RNS Number : 7194O  Ming Yang Smart Energy Group Ltd  13 January 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)

 

Ming Yang Smart Energy Group Limited

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

Important:

l Suspension and resumption of trading of stock: applicable

Due to the proposed issuance of shares and cash payment for asset acquisition,
raising of supporting funds and related-party transactions, the suspension and
resumption status of the Company's relevant stock is as follows:

 Stock code  Stock abbreviation  Type of suspension/resumption  Suspension start date  Suspension period  Suspension end date  Resumption date
 601615      MYSE                A-shares  suspension           2026/1/13              　                  　                    　

 

 

I. Reason for Suspension and Work Arrangements

On January 12, 2026, Ming Yang Smart Energy Group Limited (hereinafter
referred to as the "Company") received the Notice on Planning Major Matters
from its controlling shareholder, Mingyang New Energy Investment Holding Group
Co., Ltd. (hereinafter referred to as "Energy Investment Group"). It is
proposed that the Company acquire control of Uniwatt Technology Co., Ltd.
(hereinafter referred to as "Uniwatt Company" or the "Target Company") by
issuing shares and paying cash, and raise supporting funds (hereinafter
referred to as the "Transaction"). The Transaction is still in the planning
stage.

The controlling shareholder of Uniwatt Company is Guangdong Mingyang Ruide
Venture Capital Co., Ltd. (hereinafter referred to as "Ruide Venture
Capital"), which is wholly owned by Zhang Chao, a Director of the Company.
Zhang Chao is also a close relative of the Company's actual controller, thus
the Transaction constitutes a related-party transaction.

As of the disclosure date of this announcement, the valuation of the Target
Company has not yet been finalized. Currently, the audit and valuation of the
Target Company, the transaction amount, and the ratio of shares to be issued
and cash to be paid have not yet been determined. The Transaction is not
expected to constitute a major asset restructuring.

In view of the uncertainties in the aforementioned matters, to ensure fair
information disclosure, protect the interests of investors, and avoid a
significant impact on the Company's stock price, in accordance with the
relevant regulations of the Shanghai Stock Exchange and upon the Company's
application, the trading of the Company's stock (stock abbreviation: MYSE,
stock code: 601615) will be suspended starting from the opening of the market
on Tuesday, January 13, 2026. The suspension is expected to last for no more
than 10 trading days. During the stock trading suspension, the Company will
strictly fulfill its information disclosure obligations in accordance with
relevant laws and regulations based on the progress of the related matters.
After the aforementioned matters are determined, the Company will promptly
issue relevant announcements and apply for the resumption of trading of its
stock. Investors are kindly requested to pay attention to subsequent
announcements and be aware of investment risks.

 

II. Basic Information of the Transaction

(I) Basic information of the transaction target

 Enterprise name             Uniwatt Technology Co., Ltd.
 Type of enterprise          Other limited liability company
 Unified social credit code  91442000MA4UH2W2X6
 Registered address          Floors 3-4, No. 22-2 Huoju Road, Torch Development Zone, Zhongshan City
 Legal representative        Chao Zhang
 Registered capital          RMB 94.32 million
 Date of establishment       2015-08-27
 Business scope              Design, R&D, production, testing, processing, sales, consulting, and
                             technical services of semiconductor epitaxial wafers, chips, components,
                             systems, and related products (excluding circuit boards); R&D, design,
                             manufacturing, sales, consulting, and technical services of equipment related
                             to semiconductor material preparation and chip processing; import and export
                             of technologies and goods. (For items subject to approval according to law,
                             business activities can only be carried out after approval by relevant
                             departments.)

(II) Basic information of the counterparties

The Transaction is still in the planning stage. The counterparties include the
controlling shareholder of the Target Company, etc. The Company will further
contact the relevant shareholders of the Target Company to determine the final
scope of the counterparties. After the aforementioned matters are determined,
the Company will promptly fulfill its information disclosure obligations.

(III) Transaction method

The Transaction is currently in the planning stage. The Company intends to
acquire control of the Target Company by issuing shares and paying cash. The
final transaction price will be determined through full negotiation among all
parties to the transaction, based on the valuation results from an appraisal
report issued by an asset appraisal institution that complies with the
Securities Law of the People's Republic of China.

(IV) Letter of intent for the Transaction

According to the Notice on Planning Major Matters from Energy Investment
Group, the Company intends to acquire control of Uniwatt Company by issuing
shares and paying cash, and to raise supporting funds. The Transaction
constitutes a related-party transaction, is not expected to constitute a major
asset restructuring, and does not constitute a backdoor listing. The relevant
plan is still under further discussion and determination.

 

III. Risk Warning

The Transaction is still in the planning stage. The parties have not yet
signed a formal transaction agreement. The specific transaction plan still
requires discussion and verification. The audit, appraisal, and due diligence
work has not yet been completed, and related matters are still subject to
uncertainties.

The Transaction is subject to the performance of necessary internal
decision-making procedures and the approval of the competent regulatory
authorities before its implementation. There are still uncertainties as to
whether the transaction can be implemented. The Company will promptly fulfill
its information disclosure obligations based on the progress of the
transaction. Investors are kindly requested to be aware of investment risks.

 

 

Ming Yang Smart Energy Group Limited

13 January, 2026

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