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MING YANG SMART ENERGY GROUP LIMITED

Exercise of Over-allotment Option

25 July 2022

UBS AG London Branch, acting as the Stabilising Manager in connection with the offering of Global Depositary Receipts (the “GDRs”) representing A shares (the “Offering”) of MING YANG SMART ENERGY GROUP LIMITED (the “Company”), has today given notice to exercise the over-allotment option (the "Over-allotment Option") granted by the Company in respect of 2,380,000 GDRs (the “Option GDRs”), representing 7.61% of the number of GDRs comprised in the Offering (before the exercise of the Over-allotment Option).

The Option GDRs will be issued at the offer price of USD 21.00 per GDR, raising additional gross proceeds for the Company of USD 49.98 million.

Including the exercise of the Over-allotment option, the final total size of the Offering was USD 706.87 million (33,660,500 GDRs, with each GDR representing five A shares of the Company, each with a fully paid nominal value of RMB 1.00 each), in total representing 8.00% of the Company’s outstanding share capital prior to the Offering.

Settlement of the Option GDRs is expected to take place on 29 July 2022.

Corporate Information

Ming Yang Smart Energy Group Limited a joint stock company incorporated in the People’s Republic of China with limited liability under the corporate name leyu乐鱼·(中国)官方网站in June 2006 and listed on the Shanghai Stock Exchange under stock code 601615 in January 2019.

The Company’s registered office is located at Ming Yang Industrial Park, No. 22, Huoju Avenue, Zhongshan Torch High-tech Industrial Development Zone, Zhongshan City, Guangdong, PRC.

Enquiries

For further information, please visit the website of the Company at http://www.heartandmindmatters.com, or contact +86 010 5081 5010.

Disclaimer

The information contained in this announcement is for background purposes only and does not purport to be full or complete nor does it constitute or form part of any invitation or inducement to engage in investment activity, nor does it constitute an offer or invitation to buy any securities in any jurisdiction including the United States, or a recommendation in respect of buying, holding or selling any securities. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan or South Africa. This announcement does not constitute or form a part of any offering or solicitation to purchase or subscribe for, or otherwise invest in, securities in the United States, Australia, Japan or South Africa. The GDRs referred to herein have not been, and will not be, registered under the United States Securities Act of 1933 (the “Securities Act”). The GDRs are being offered and sold outside the United States in “offshore transactions” within the meaning of Regulation S under the Securities Act.

The GDRs may not be offered or sold in the United States except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act. There will be no public offering of securities in the United States.

This announcement is only addressed to and directed at specific addressees who: (A) if in member states of the European Economic Area (the "EEA"), are persons who are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (as amended) ("Qualified Investors"); and (B) if in the United Kingdom, are “qualified investors” within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (as amended) as it forms part of retained EU law by virtue of the European Union (Withdrawal) Act 2018, and who are: (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order; or (C) are other persons to whom it may otherwise lawfully be communicated (all such persons referred to in (B) and (C) being referred to as "Relevant Persons"). This announcement must not be acted or relied on (i) in the United Kingdom, by persons who are not Relevant Persons and (ii) in any member state of the EEA by persons who are not Qualified Investors. Any investment activity to which this announcement relates (i) in the United Kingdom is available only to, and may be engaged in only with, Relevant Persons; and (ii) in any member state of the EEA is available only to, and may be engaged only with, Qualified Investors.