MING YANGSMART ENERGY GROUP LIMITED

(GDR under the symbol: "MYSE")

(a joint stock company established under the laws ofthe People’s Republic of China with limited liability)

Ming Yang Smart Energy Group Limited

Announcement on Trading Suspension in Respect of the ProposedIssuance of Shares and Cash Payment for Asset Acquisition, Raising ofSupporting Funds and Related-Party Transactions

Important:

Suspension and resumption of trading of stock: applicable

Due to the proposedissuance of shares and cash payment for asset acquisition, raising ofsupporting funds and related-party transactions, the suspension and resumptionstatus 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 onPlanning Major Matters from its controlling shareholder, Mingyang New EnergyInvestment Holding Group Co., Ltd. (hereinafter referred to as "EnergyInvestment Group"). It is proposed that the Company acquire control ofUniwatt Technology Co., Ltd. (hereinafter referred to as "UniwattCompany" or the "Target Company") by issuing shares and payingcash, and raise supporting funds (hereinafter referred to as the"Transaction"). TheTransaction is still in the planning stage.

The controlling shareholder of Uniwatt Company is GuangdongMingyang Ruide Venture Capital Co., Ltd. (hereinafter referred to as"Ruide Venture Capital"), which is wholly owned by Zhang Chao, aDirector of the Company. Zhang Chao is also a close relative of the Company'sactual controller, thus the Transaction constitutes a related-partytransaction.

As of the disclosure date of this announcement, the valuation ofthe Target Company has not yet been finalized. Currently, the audit and valuation of the Target Company, the transactionamount, and the ratio of shares to be issued and cash to be paid have not yetbeen determined. The Transaction is not expected to constitute a major assetrestructuring.

In view of the uncertainties in the aforementioned matters, toensure fair information disclosure, protect the interests of investors, andavoid a significant impact on the Company's stock price, in accordance with therelevant regulations of the Shanghai Stock Exchange and upon the Company'sapplication, the trading of the Company's stock (stock abbreviation: MYSE,stock code: 601615) will be suspended starting from the opening of the marketon Tuesday, January 13, 2026. The suspension is expected to last for no morethan 10 trading days. During the stock tradingsuspension, the Company will strictly fulfill its information disclosureobligations in accordance with relevant laws and regulations based on theprogress of the related matters. After the aforementioned matters aredetermined, the Company will promptly issue relevant announcements and applyfor the resumption of trading of its stock. Investors are kindly requested to payattention 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 counterpartiesinclude the controlling shareholder of the Target Company, etc. The Companywill further contact the relevant shareholders of the Target Company todetermine the final scope of the counterparties. After the aforementionedmatters are determined, the Company will promptly fulfill its informationdisclosure obligations.

(III) Transaction method

The Transaction is currently in the planning stage. The Companyintends to acquire control of the Target Company by issuing shares and payingcash. The final transaction price will be determined through full negotiationamong all parties to the transaction, based on the valuation results from anappraisal report issued by an asset appraisal institution that complies withthe 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 EnergyInvestment Group, the Company intends to acquire control of Uniwatt Company byissuing shares and paying cash, and to raise supporting funds. The Transactionconstitutes a related-party transaction, is not expected to constitute a majorasset restructuring, and does not constitute a backdoor listing. The relevantplan is still under further discussion and determination.

III. Risk Warning

The Transaction is still in the planning stage. The parties havenot yet signed a formal transaction agreement. The specific transaction planstill requires discussion and verification. The audit, appraisal, and duediligence work has not yet been completed, and related matters are stillsubject to uncertainties.

The Transaction is subject to the performance of necessaryinternal decision-making procedures and the approval of the competentregulatory authorities before its implementation. There are still uncertaintiesas to whether the transaction can be implemented. The Company will promptlyfulfill its information disclosure obligations based on the progress of thetransaction. Investors are kindly requested to be aware of investment risks.

Ming Yang Smart EnergyGroup Limited

13 January, 2026