Ming Yang Smart Energy Group Limited (MYSE), a Chinese wind energy company listed on the Shanghai Stock Exchange, has announced that its Chairman and CEO Chuanwei Zhang, along with certain directors, senior officers, and 42 core business backbones, intend to increase their shareholdings in the company by a combined minimum of RMB 49.55 million. The plan, disclosed on 30 October 2026, will be executed through centralised competitive trading on the Shanghai Stock Exchange within six months of the announcement date. The move is described as reflecting confidence in the company's future development and recognition of its long-term investment value.

Key Points

  • Ming Yang Smart Energy Group Limited (GDR symbol: MYSE) is a joint stock company established under the laws of the People's Republic of China
  • Eleven named directors and senior officers, plus 42 core business backbones, plan to collectively purchase a minimum of RMB 49.55 million in A-shares
  • Chairman and CEO Chuanwei Zhang commits the largest individual minimum of RMB 20 million; the 42-strong core backbone group collectively commits a minimum of RMB 18.55 million
  • Investors should watch whether the full RMB 49.55 million minimum is deployed and monitor the company's required disclosure updates on the Shanghai Stock Exchange

Chuanwei Zhang and Acting-in-Concert Group Control 24.95% of Ming Yang Smart Energy Equity

The announcement identifies Chuanwei Zhang as the company's Actual Controller, Chairman, and CEO, currently holding 27,669,218 shares, representing 1.223% of Ming Yang Smart Energy's total share capital of 2,261,496,706 shares. Together with Ms Ling Wu and Mr Rui Zhang, he controls 24.95% of the company's equity through Mingyang New Energy Investment Holding Group Co., Ltd and its persons acting in concert. Zhang's individual minimum commitment under the plan is RMB 20 million, the largest single contribution among the named participants, underscoring the significance of his personal stake in the exercise.

RMB 49.55 Million Minimum Commitment Spread Across Eleven Officers and 42 Business Backbones

The share increase plan allocates specific minimum purchase amounts across all participants. Rui Zhang and Chao Zhang, both Directors and Business Presidents, each commit a minimum of RMB 2 million, while Chief Technology Officer Xinyu Zhang commits RMB 1.5 million. The 42 core business backbones collectively account for RMB 18.55 million of the total minimum. No fixed price range has been set; participants will execute purchases at their own discretion based on share price fluctuations and prevailing capital market conditions, using self-owned and self-raised funds.

No Share Reductions Permitted During the Six-Month Implementation Period

Each participant has committed not to reduce their holdings during the six-month implementation window or within the statutory period thereafter. The announcement also confirms that the plan will not affect the company's listing status, will not cause its shareholding distribution to fall below listing requirements, and will not result in any change of controlling shareholder or Actual Controller. If trading is suspended for more than ten consecutive trading days due to major corporate matters, the implementation timetable will be postponed accordingly until shares resume trading.

Policy and Market Risks Could Prevent the Plan from Meeting Expectations

Ming Yang Smart Energy explicitly flags that the share increase plan carries uncertainty risks. Changes in regulatory policy, capital market conditions, or other currently unpredictable factors could prevent the plan from achieving its stated objectives. The company states it will continuously monitor developments and fulfil its information disclosure obligations in accordance with Shanghai Stock Exchange listing rules, the Administrative Measures for the Acquisition of Listed Companies, and the relevant self-regulatory supervision guidelines. Investors are advised by the company to pay close attention to these risks when assessing the significance of the announced commitments.