Mingyang Smart Energy: The matter of issuing shares to purchase assets and related-party transactions is in progress.

Mingyang Smart Energy announced that the company is planning to issue shares and pay cash to acquire 100% equity of Zhongshan Dehua Chip Technology Co., Ltd. and raise supporting funds, which constitutes a related-party transaction. The transaction is expected not to constitute a major asset restructuring. The company's shares were suspended from January 13, 2026, and resumed trading on January 23. Subsequently, the company received an inquiry letter from the Shanghai Stock Exchange and has replied to it and revised the restructuring plan. As of the disclosure date of this announcement, the relevant due diligence, audit, and evaluation work has not yet been completed. The parties to the transaction are still negotiating core terms such as valuation and pricing, and have not yet reached an agreement. They are re-demonstrating the transaction plan. This transaction remains uncertain, and investors are advised to be aware of investment risks.