Progress of Trading Suspension

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 Progress of Trading Suspension in Respect of the Proposed Issuance of Shares and Cash Payment for Asset Acquisition, Raising of Supporting Funds and Related-Party Transactions

Ming Yang Smart Energy Group Limited (hereinafter referred to as the "Company") is planning the issuance of shares and payment of cash for asset acquisition together with the raising of supporting funds and related-party transaction (hereinafter referred to as the "Transaction"). According to the Administrative Measures for the Material Asset Restructurings of Listed Companies and other relevant regulations, the Transaction constitutes a related-party transaction but is not expected to constitute a material asset restructuring.

In view of the uncertainty of the above matters, to ensure fair information disclosure, protect the interests of investors, and avoid a significant impact on the Company's stock price, upon the Company's application and in accordance with the relevant regulations of the Shanghai Stock Exchange, the trading of the Company's A share stock (stock abbreviation: MYSE, stock code: 601615) has been suspended from the opening of the market on January 13, 2026 (Tuesday). The suspension is expected to last for no more than 10 trading days. For details, please refer to the 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 Transaction.

As of the disclosure date of this Announcement, the Company and relevant parties are actively advancing the work related to the Transaction, and all relevant parties are currently engaged in communication and negotiation regarding the Transaction plan. As relevant details are still subject to full negotiation, to ensure fair information disclosure and protect the interests of investors, the trading of the Company's A share stock will remain suspended in accordance with the relevant regulations of the Shanghai Stock Exchange.

During the suspension period, the Company will strictly fulfill its information disclosure obligations in accordance with the provisions and requirements of relevant laws and regulations based on the progress of the Transaction. Once the relevant matters of the Transaction are determined, the Company will promptly issue relevant announcements and apply for the resumption of trading of its A share stock.

The Transaction is currently in the planning stage. The parties to the Transaction have not yet signed formal transaction agreements. The Transaction is also subject to the deliberation of the Company's Board and Shareholders' Meeting, as well as the approval, review, or registration consent of the competent regulatory authorities before it can be duly implemented. There is still uncertainty as to whether it can be ultimately implemented. All information shall be subject to the announcements issued by the Company on its designated information disclosure media. Investors are kindly reminded to make rational investments and be aware of investment risks.

Ming Yang Smart Energy Group Limited

19 January, 2026