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 Change of Chief Financial Officer

Ming Yang Smart Energy Group Limited (hereinafter referred to as the "Company") has recently received a written application from Mr. Liang Caifa, the Chief Financial Officer of the Company, for resignation from his position as the Chief Financial Officer of the Company due to business development needs, with effect from the date of the delivery of the written application to the Board. The Board of the Company would like to express its sincere gratitude to Mr. Liang Caifa for his contribution to the development of the Company during his tenure as Chief Financial Officer.

In accordance with the provisions of the Company Law and the Articles of Association of the Company, upon the nomination of Mr. Zhang Chuanwei, Chairman and Chief Executive Officer (General Manager) of the Company, and following the review by the Nomination Committee and the Audit Committee of the Board, the Resolution on the Appointment of the Chief Financial Officer was considered and approved at the 16^th Meeting of the Third Session of the Board held on 24 January 2025, i.e., it was agreed to appoint Mr. Fang Meng as the Chief Financial Officer of the Company, with a term starting from the date of approval at such Board Meeting and lasting until the expiry date of the term of office for the current session of the Board. Biographical details of Mr. Fang Meng are set out in the appendix.

Appendix: Biography of Mr. Fang Meng

 Ming Yang Smart Energy Group Limited

24 January 2025

Biography of Mr. Fang Meng:

Mr. Fang Meng, born in 1979, is a Chinese national without permanent residency abroad and holds a bachelor's degree. From June 2003 to May 2010, he worked at Haier Group, where he successively served as Overseas Financial Manager of the Computer Division, Head of Financial Planning and Analysis, and Finance Director. From May 2010 to December 2014, he worked at Byvin Holdings Group Co.,Ltd, where he successively served as Finance Director of the Business Division and Deputy General Manager. From December 2014 to July 2017, he served as Deputy Finance Director of Beijing Electric Vehicle Co., Ltd. From September 2017 to December 2017, he served as Finance Director of the Business Division at Sany Group Co., Ltd. From January 2018 to February 2024, he worked at SANY Heavy Energy Co., Ltd. serving as Finance Director and Secretary to the Board of Directors. From February 2024 to August 2024, he continued his role as Finance Director at SANY Heavy Energy Co., Ltd. and from August 2024 to November 2024, he worked at SANY Group Co., Ltd. as Finance Director of the Business Division. He joined Ming Yang Smart Energy Group Limited in January 2025.

As of the date of this announcement, Mr. Fang Meng does not hold any shares of the Company and has no connected relationship with any of the Company's directors, supervisors, senior management, actual controllers, or shareholders holding more than 5% of the shares. He has not been subject to any penalties imposed by the China Securities Regulatory Commission (CSRC) or other relevant authorities, nor has he been subject to any disciplinary action by a securities exchange. Mr. Fang has not been investigated by judicial authorities for suspected criminal activity, nor has he been under investigation for suspected violations by the CSRC. He is not a subject of enforcement for dishonesty and meets the relevant qualifications for office as stipulated by relevant laws, administrative regulations, departmental rules, normative documents, and the Articles of Association of the Company.