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:

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

(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