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 Implementation of 2025 Dividend Distribution

Important Notice:

l    Distribution ratio per share

Cash dividend per share of A-shares: RMB 0.185

l    Relevant dates

l    Differentiated dividend distribution: Yes

I.     Session and date of the shareholders' meeting at which the distribution plan was approved

This profit distribution plan was reviewed and approved at the Company's (May 20, 2026) 2025 annual shareholders' meeting.

II.   Distribution plan

1.    Distribution for: 2025

2.    Distribution recipients:

All shareholders of Ming Yang Smart Energy Group Limited (hereinafter referred to as the "Company") who were registered with China Securities Depository and Clearing Corporation Limited Shanghai Branch (hereinafter referred to as "CSDC Shanghai") after the market close of the Shanghai Stock Exchange on the afternoon of the record date.

In accordance with Guidelines No. 7 of Shanghai Stock Exchange for Self-Regulation of Listed Companies - Share Repurchases, the shares held in the Company's dedicated securities account for repurchase will not be included in this profit distribution.

3.    Differentiated dividend distribution plan:

(1) Differentiated dividend distribution plan

On May 20, 2026, the Company's 2025 annual shareholders' meeting approved the Proposal on the 2025 Profit Distribution Plan: for the year 2025, the Company plans to distribute a cash dividend of RMB 0.185 per share (tax inclusive) to all shareholders, based on the total share capital registered on the record date for the equity distribution, excluding the shares in the Company's dedicated repurchase account. If the Company's total share capital changes before the record date for the equity distribution due to events such as convertible bond conversion, share repurchase, repurchase and cancellation of shares issued under equity incentive plans, or repurchase and cancellation of shares in connection with major asset restructuring, the Company intends to maintain the distribution ratio per share unchanged and adjust the total distribution amount accordingly.

This profit distribution is based on the Company's total A-share capital of 2,261,496,706 shares on the record date for the equity distribution, excluding the 101,329,984 shares in the dedicated repurchase account. The total number of shares participating in the distribution is 2,160,166,722. The Company plans to distribute a cash dividend of RMB 0.185 per share (tax inclusive) to all shareholders. Based on this, the total proposed cash dividend for 2025 is RMB 399,630,843.57 (tax inclusive).

(2) Ex-right (ex-dividend) reference price for this differentiated dividend distribution

In accordance with relevant regulations of the Shanghai Stock Exchange, the Company calculates the ex-right (ex-dividend) opening reference price using the following formula:

Ex-right (ex-dividend) reference price = (previous closing price - cash dividend) ÷ (1 + change ratio of tradable shares)

As the Company is implementing a differentiated dividend distribution, the cash dividend and the change ratio of tradable shares in the above formula refer to the per-share cash dividend and the per-share change ratio of tradable shares calculated after being adjusted and diluted based on the total share capital. The formula is as follows:

Cash dividend per share = (total number of shares participating in the distribution × actual cash dividend per share) ÷ total share capital = (2,160,166,722 × 0.185) ÷ 2,261,496,706 ≈ RMB 0.1767.

According to the Proposal on the 2025 Annual Profit Distribution Plan approved at the Company's 2025 annual shareholders' meeting, this profit distribution will only involve cash dividends and will not include bonus issues or capitalization issues. Therefore, the number of the Company's tradable shares will remain unchanged, indicating a change ratio of 0.

In summary, the ex-right (ex-dividend) reference price = RMB (previous closing price - 0.1767)/share.

III. Relevant dates

IV. Distribution implementation plan

1.    Implementation plan

(1) The shares in the Company's dedicated securities account for repurchase will not participate in the profit distribution;

(2) Except for the self-distribution recipients, the dividends for the Company's other shareholders will be distributed by CSDC Shanghai through its fund clearing system to shareholders who are registered on the books after the market close on the record date at the Shanghai Stock Exchange and have completed designated trading with a member firm of the Shanghai Stock Exchange. Investors who have completed designated trading may receive cash dividends at their designated securities brokerage on the dividend payment date. For shareholders who have not completed designated trading, their dividends will be temporarily held by CSDC Shanghai and will be distributed after they complete the designated trading.

2.    Self-distribution recipients

Mingyang New Energy Investment Holding Group Co., Ltd. (excluding its special pledged account for exchangeable corporate bonds), WISER TYSON INVESTMENT CORP LIMITED, KEYCORP LIMITED, and FIRST BASE INVESTMENTS LIMITED.

3.    Tax deduction

(1) For individual shareholders and securities investment funds holding the Company's unrestricted tradable shares

In accordance with the Notice on Issues Concerning the Policy of Differentiated Individual Income Tax on Dividends of Listed Companies (CS [2015] No. 101) and the Notice on Issues Concerning the Implementation of the Policy of Differentiated Individual Income Tax on Dividends of Listed Companies (CS [2012] No. 85), the Company will not withhold individual income tax for the time being. The actual cash dividend to be distributed is RMB 0.185 per share. When an individual transfers his/her shares, CSDC Shanghai will calculate the actual tax payable based on the holding period. The securities company or other share depository institution will deduct the tax from the individual's capital account and transfer it to CSDC Shanghai Branch. CSDC Shanghai Branch will then transfer the tax to the Company within the first 5 working days of the following month. The Company will declare and pay the tax to the competent tax authority within the statutory declaration period of the month in which the tax payment is received.

The specific actual tax burden is as follows: for shareholders with a holding period of one month (inclusive) or less, their dividend income will be fully included in their taxable income, with an actual tax burden of 20%; for shares held for more than one month up to one year (inclusive), the taxable income is temporarily calculated at a reduced rate of 50%, resulting in an effective tax burden of 10%; for shares held for more than one year, the individual income tax is temporarily exempted.

(2) For Qualified Foreign Institutional Investor ("QFII") shareholders who hold the Company's shares

In accordance with the Notice of the State Taxation Administration on Issues Concerning the Withholding of Corporate Income Tax on Dividends, Bonuses and Interests Paid by Chinese Resident Enterprises to QFIIs (GSH [2009] No. 47), the Company will uniformly withhold and pay corporate income tax at a rate of 10%. After tax deduction, the actual cash dividend distributed will be RMB 0.1665 per share. If relevant shareholders believe that the dividend income they receive is eligible for tax treaty (arrangement) benefits, they may apply for a tax refund from the competent tax authority after receiving the dividends in accordance with the regulations.

(3) For investors (including enterprises and individuals) of The Stock Exchange of Hong Kong Limited holding the Company's A-shares through the Shanghai-Hong Kong Stock Connect program

In accordance with the Notice of the Ministry of Finance, the State Taxation Administration, and the CSRC on Tax Policies Related to the Pilot Program of the Shanghai-Hong Kong Stock Connect (CS [2014] No. 81), for Hong Kong market investors (including enterprises and individuals) who invest in A-shares through the Shanghai-Hong Kong Stock Connect program, the Company will withhold and pay income tax at a rate of 10%. After tax deduction, the actual cash dividend distributed will be RMB 0.1665 per share.

The record date, cash dividend payment date, and other arrangements for Shanghai-Hong Kong Stock Connect investors are consistent with those for the Company's A-share shareholders.

(4) For qualified investors who comply with relevant domestic and overseas regulatory rules and invest in the Company's Global Depository Receipts (GDRs) listed on the London Stock Exchange (hereinafter referred to as "GDR investors")

In accordance with the Corporate Income Tax Law of the People's Republic of China, the cash dividends for GDR investors will be distributed by the Company to Citibank, National Association, the nominee holder of the underlying A-shares corresponding to the GDRs in the Chinese mainland. The Company will withhold and pay income tax at a rate of 10%. After tax deduction, the actual cash dividend to be distributed will be RMB 0.1665 per share. If relevant shareholders believe that the dividend income they receive is eligible for tax treaty (arrangement) benefits, they may apply for a tax refund from the competent tax authority after receiving the dividends in accordance with the regulations.

The record date for GDR investors is July 7, 2026, and the cash dividends will be distributed to GDR investors by Citibank, National Association on July 15, 2026, through Euroclear Bank SA/NV and Clearstream Banking, S.A.

(5) For other institutional investors and corporate shareholders

The Company will not withhold or pay corporate income tax. Taxpayers shall determine whether they are required to pay corporate income tax locally in accordance with tax laws. The actual cash dividend to be distributed will be RMB 0.185 per share.

V. Adjustments to Relevant Prices and Ratios

In accordance with the 2025 Stock Option Incentive Plan of Ming Yang Smart Energy Group Limited, if events of the Company such as capitalization of capital reserve, stock dividend, stock split, rights issue, reverse stock split, or dividend payments occur before the incentive recipients exercise their options, the exercise price shall be adjusted accordingly. The adjustment of the exercise price is subject to subsequent related announcements.

VI. Inquiry Channels

For inquiries regarding matters related to the implementation of this dividend distribution, please refer to the following contact information:

Department: Office of the Board of Directors of Ming Yang Smart Energy Group Limited

Tel: +86 0760-28138632

Ming Yang Smart Energy Group Limited

June 29, 2026