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 Resolution of the Third Extraordinary General Meeting in 2023

Important notice:

? Whether any of the proposed resolution at the meeting was objected: None

I. CONVENING AND ATTENDANCE OF THE MEETING

(I)             Date of the General Meeting: 26 September 2023

(II)           Venue of the General Meeting: Conference room on the 5th floor of Ming Yang Smart Energy Group Co., Ltd., Mingyang Industrial Park, No. 22 Huoju Avenue, Zhongshan Torch Development Zone, Guangdong Province

(III)          Ordinary shareholders and preference shareholders with recovered voting rights who attended the meeting and their shareholdings:

1.     The number of shareholders attending in person or by proxy	217
2.     The total number of shares carrying voting rights held by shareholders attending the meeting (shares)	888,644,426
3.     The number of shares carrying voting rights held by shareholders attending the meeting as a percentage of the total number of shares of the Company carrying voting rights (%)	39.2849

The "Total number of voting shares of the company" as indicated in the above table excludes the number of shares in the Repurchase Securities Account of Ming Yang Smart Energy Group Limited without voting rights.

(IV)         Whether the voting procedures were in compliance with the requirements under the Company Law of the People's Republic of China ("Company Law") and the articles of association of the Company ("Articles of Association"), the presiding of the meeting and other details.

The meeting was convened by the Board. According to Rules of Procedure for the General Meeting of Shareholders, The shareholders' meetings shall be presided over by the chairman of the board of directors. If the chairman is unable or fails to perform his duties, the meetings thereof shall be presided over by the vice chairman of the board of directors. If the vice chairman of the board of directors is unable or fails to perform his duties, the meetings shall be presided over by a director jointly recommended by half or more of the directors. Mr. Zhang Chuanwei, chairman of the board, and Mr. Shen Zhongmin, vice chairman of the board, were unable to attend the meeting due to other business arrangements. Mr. Wang Jinfa, director and chief administrative officer of the Company presided over the meeting. The meeting was held and voted by a combination of on-site voting and online voting. The convening and holding of the meeting complied with the provisions of the Company Law and the Articles of Association.

(V)           Attendance of the Directors, supervisors of the Company and secretary to the Board

1.     4 out of the 11 incumbent directors of the Company attended the meeting on-site or online. Mr. Zhang Chuanwei, chairman of the company, Mr. Shen Zhongmin, vice chairman of the Company, Mr. Zhang Qiying, Mr. Zhang Rui, Mr. Li Yiming, Ms. Zhang Chao, directors of the Company, Ms. Wang Yu, independent director of the Company ,were unable to attend the meeting due to other business arrangements;

2.     2 out of the 3 incumbent supervisors of the Company attended the meeting on-site or online. Mr. Zheng Weili , supervisor of the Company,  was unable to attend the meeting due to other business arrangements;

3.     Mr. Liu Jianjun, the secretary to the Board of the Company, attended the meeting; Mr. Wang Jinfa, director and chief administrative officer of the Company, attended the meeting; Mr. Liang Caifa, the Chief Financial Officer of the Company, attend the meeting; Mr. Yang Pu, Mr. Zhang Zhonghai, Ms. Yi Lingna, vice Presidents of the Company, attended the meeting.

II. VOTING RESULTS OF THE RESOLUTION

(I) Resolution by non-cumulative poll

1. Resolution: Reappointment of Accounting Firm

Result after consideration: approved

Voting results:

Class of shareholders	Affirmative		Dissenting		Abstaining
	Number of votes	Percentage (%)	Number of votes	Percentage (%)	Number of votes	Percentage (%)
A share	876,679,822	98.6536	3,482,780	0.3919	8,481,824	0.9545

2. Resolution: Increasing the Estimated Quota on External Guarantees of the Company for 2023

Result after consideration: approved

Voting results:

Class of shareholders	Affirmative		Dissenting		Abstaining
	Number of votes	Percentage (%)	Number of votes	Percentage (%)	Number of votes	Percentage (%)
A share	799,382,745	89.9552	89,261,181	10.0446	500	0.0002

3. Resolution: The Amendments to the Articles of Association

Result after consideration: approved

Voting results:

Class of shareholders	Affirmative		Dissenting		Abstaining
	Number of votes	Percentage (%)	Number of votes	Percentage (%)	Number of votes	Percentage (%)
A share	887,628,426	99.8856	1,016,000	0.1144	0	0.0000

4. Resolution: The Amendments to the Rules of Procedure for the General Meeting of Shareholders

Result after consideration: approved

Voting results:

Class of shareholders	Affirmative		Dissenting		Abstaining
	Number of votes	Percentage (%)	Number of votes	Percentage (%)	Number of votes	Percentage (%)
A share	888,455,126	99.9786	188,800	0.0212	500	0.0002

5. Resolution: The Amendments to the Rules of Procedure for the Board of Directors

Result after consideration: approved

Voting results:

Class of shareholders	Affirmative		Dissenting		Abstaining
	Number of votes	Percentage (%)	Number of votes	Percentage (%)	Number of votes	Percentage (%)
A share	888,455,126	99.9786	189,300	0.0214	0	0.0000

6. Resolution: Proposal on Change of Certain Fundraising and Investment Project

Result after consideration: approved

Voting results:

Class of shareholders	Affirmative		Dissenting		Abstaining
	Number of votes	Percentage (%)	Number of votes	Percentage (%)	Number of votes	Percentage (%)
A share	888,455,126	99.9786	189,300	0.0214	0	0.0000

(II) Resolution by cumulative poll

7. Resolution: Proposal on the Renewal of the Board of Directors of the Company and the Election of Candidates for Non-independent Directors of the 3rd Session of the Board of Directors

Resolution No.	Resolution	Number of votes	Percentage (%)	Election results
7.01	Zhang Chuanwei	867,285,019	97.5964	Elected
7.02	Ge Changxin	871,548,761	98.0762	Elected
7.03	Zhang Qiying	855,026,621	96.2169	Elected
7.04	Wang Jinfa	868,681,126	97.7535	Elected
7.05	Zhang Rui	871,548,561	98.0761	Elected
7.06	Fan Yuanfeng	871,549,561	98.0762	Elected
7.07	Zhang Dawei	871,354,290	98.0543	Elected

8. Resolution: Proposal on the Renewal of the Board of Directors of the Company and the Election of Candidates for Independent Directors of the 3rd Session of the Board of Directors

Resolution No.	Resolution	Number of votes	Percentage (%)	Election results
8.01	Zhu Tao	879,921,967	99.0184	Elected
8.02	Liu Ying	882,049,406	99.2578	Elected
8.03	Wang Rongchang	879,920,967	99.0183	Elected
8.04	Shi Shaobin	879,920,972	99.0183	Elected

9. Resolution: Proposal on the Renewal of the Board of Supervisors of the Company and the Election of Candidates for Shareholder Representative Supervisors of the 3rd Session of the Board of Supervisors

Resolution No.	Resolution	Number of votes	Percentage (%)	Election results
9.01	Wang Limin	880,103,869	99.0389	Elected
9.02	Zhai Yongjun	868,993,162	97.7886	Elected

(III) Voting results of shareholders with less than 5% share interest in relation to material items

Resolution No.	Resolution	Affirmative		Dissenting		Abstaining
		Number of votes	Percentage (%)	Number of votes	Percentage (%)	Number of votes	Percentage (%)
1	Reappointment of Accounting Firm	465,095,724	97.4920	3,482,780	0.7300	8,481,824	1.7780
2	Increasing the Estimated Quota on External Guarantees of the Company for 2023	387,798,647	81.2892	89,261,181	18.7106	500	0.0002
6	Proposal on Change of Certain Fundraising and Investment Project	476,871,028	99.9603	189,300	0.0397	0	0.0000
7.01	Zhang Chuanwei	458,200,921	96.0467
7.02	Ge Changxin	459,964,663	96.4164
7.03	Zhang Qiying	443,442,523	92.9531
7.04	Wang Jinfa	457,097,028	95.8153
7.05	Zhang Rui	459,964,463	96.4164
7.06	Fan Yuanfeng	459,965,463	96.4166
7.07	Zhang Dawei	459,770,192	96.3756
8.01	Zhu Tao	468,337,869	98.1716
8.02	Liu Ying	470,465,308	98.6175
8.03	Wang Rongchang	468,336,869	98.1714
8.04	Shi Shaobin	468,336,874	98.1714

(III) Details in relation to the voting results of the resolution

1.     Special resolution: Resolution 2, Resolution 3, Resolution 4, Resolution 5

2.     The resolution for separate counting of votes cast by minority investors: Resolution 1, Resolution 2, Resolution 6, Resolution 7, Resolution 8

3.     Resolution involving related shareholder abstention from voting: None

Names of connected shareholders who should abstain from voting: None

III. ATTESTATION BY LAWYER

1.     The General Meeting was attested by: ZHONG LUN LAW FIRM ()

Lawyers:

2.     Concluding opinions from the lawyers for the attestation:

In the lawyers’ opinion, the convening and holding procedures of the general meeting were in compliance with relevant laws, administrative regulations, Rules of Procedures for the General Meetings and the Articles of Association; the qualifications of the persons attending the meeting and the convener were lawful and valid; and the voting procedures conducted at the meeting and the voting results thereof were lawful and valid.

26 September 2023