Ming Yang Smart Energy Group Limited (GDR symbol: MYSE), a Chinese wind and smart energy company headquartered in Zhongshan City, Guangdong Province, has announced the completion of its fourth Board re-election following an extraordinary shareholders' meeting held on 23 October 2026. The newly constituted Board comprises 11 directors, including four independent directors, and has confirmed a full slate of senior officer appointments. The announcement confirms that Mr. Chuanwei Zhang, the company's founder, continues as Chairman, Legal Representative, and Chief Executive Officer.

Key Points

  • Ming Yang Smart Energy Group Limited (GDR symbol: MYSE), a joint stock company established under the laws of the People's Republic of China
  • The company completed the re-election of its fourth Board of Directors at its third extraordinary shareholders' meeting of 2026, held on 23 October 2026
  • The fourth Board consists of 11 directors — seven non-independent and four independent — with a three-year term commencing from the date of shareholder approval
  • Investors should watch whether the refreshed leadership team signals any strategic shifts in the company's wind energy or international business operations

Fourth Board Composition: Eleven Directors Confirmed, Including Four Shanghai Stock Exchange-Cleared Independents

The fourth Board of Ming Yang Smart Energy includes seven non-independent directors — Mr. Chuanwei Zhang (Chairman), Mr. Rui Zhang, Ms. Chao Zhang, Mr. Yuanfeng Fan, Ms. Lingna Yi, Mr. Jinyuan Zhang, and Mr. Libing Zou as Employee Representative Director — alongside four independent directors: Mr. Tao Zhu, Ms. Ying Liu, Mr. Shaobin Shi, and Mr. Rongchang Wang. The announcement states that the qualifications and independence of all four independent directors were filed with and reviewed by the Shanghai Stock Exchange without objection. The three-year term takes effect from the date of approval at the shareholders' meeting.

Four Special Board Committees Established, With Independent Directors Leading Audit, Nomination, and Remuneration Functions

The fourth Board has established a Strategy Committee, Audit Committee, Nomination Committee, and Remuneration and Assessment Committee. Independent directors constitute the majority and serve as conveners in the Audit, Nomination, and Remuneration committees, in line with applicable regulations. The announcement specifically notes that Audit Committee convener Mr. Tao Zhu and member Mr. Rongchang Wang are both accounting professionals — Mr. Tao Zhu holds a doctorate and teaches at Jinan University's accounting department, while Mr. Rongchang Wang teaches at South China University of Technology's accounting department.

Chuanwei Zhang Retains CEO Role Alongside New Senior Officers Including a Former Huawei Technology Executive as CTO

Mr. Chuanwei Zhang, who founded the company's wind power predecessor in 2006 and directly holds 27,669,218 shares, continues as Chief Executive Officer. Notably, Mr. Xinyu Zhang has been appointed Chief Technology Officer; the announcement discloses he served at Huawei Technologies Co., Ltd. from August 1997 to December 2023 across senior regional and technical planning roles before joining Ming Yang as Dean of its Central Research Institute in August 2026. Mr. Meng Fang has been appointed Chief Financial Officer, with his appointment reviewed by both the Nomination Committee and the Audit Committee.

Founding Family Retains 24.95% Control as Actual Controllers Through Mingyang New Energy Investment Holding Group

The announcement discloses that Mr. Chuanwei Zhang, Ms. Ling Wu, and Mr. Rui Zhang collectively control 24.95% of the company's shares through Mingyang New Energy Investment Holding Group Co., Ltd. and parties acting in concert. Mr. Chuanwei Zhang, Mr. Rui Zhang, and Ms. Chao Zhang are confirmed as close relatives, representing a concentration of family influence across the board and senior management. Investors may be watching how the presence of related-party directors alongside independent oversight structures bears upon corporate governance standards as the company operates across wind energy, photovoltaic, and international business segments.