Ming Yang Smart Energy Group Limited (Company) has recently received resignation letters submitted by Mr. Wang Jinfa and Mr. Zhang Dawei, non-independent directors of the Company, and Mr. Liu Lianyu, a member of Senior Management, and at the 22nd meeting of the Third Session of the Board of Directors of the Company convened on 14 August 2025, the proposals, including the election of new directors, election of members of the Audit Committee and adjustment of senior management positions, were considered and approved. The specific details are as follows: Wang Jinfa: Director, member of the Remuneration and Appraisal Committee. Zhang Dawei: Director.
Liu Lianyu: President of Energy Service Business Unit. Reason for resignation: Retirement age. Time of departure: August 13, 2025.
Mr. Wang Jinfa, Mr. Zhang Dawei, and Mr. Liu Lianyu have completed the handover procedures in accordance with the relevant regulations of the Company. Their resignations will not affect the daily production and operation of the Company and the normal operation of the Board of Directors. Pursuant to the provisions of the Company Law, the Articles of Association and the Implementation Rules for the Audit Committee of the Board, upon nomination by Mr. Zhang Chuanwei, Chairman and Chief Executive Officer (General Manager) of the Company, and review by the Nomination Committee of the Board, at the 22nd meeting of the Third Session of the Board of Directors of the Company convened on 14 August 2025, the "Proposal on the Election of Members of the Audit Committee" was considered and approved, agreeing to elect Mr. Fan Yuanfeng as a member of the Audit Committee of the Company, with his term of office commencing from the date of approval at this Board meeting until the expiry of the term of this session of the Board.
The resignation of Mr. Ge Changxin, Vice Chairman of the Company, took effect from the date of this Board resolution. Based on business optimization and organizational restructuring, at the 22nd meeting of the Third Session of the Board of Directors of the Company convened on 14 August 2025, the "Proposal on the Adjustment of Certain Senior Management Positions " was considered and approved, details of which are set forth below: The position of Mr. Zhang Qiying has been adjusted to Business President; The position of Mr. Zhang Rui has been adjusted to Vice President; The position of Mr. Wang Dongdong has been adjusted to Vice President; The positions of other senior management members remain unchanged, and the above position adjustments do not affect their tenure.
