Ming Yang Smart Energy unveils 2025 stock option incentive plan

Ming Yang Smart Energy Group Co., Ltd. is implementing its 2025 stock option incentive plan, involving 20,000,000 stock options, representing 0.8805% of the company's total share capital. The options, granted once, are sourced from either A-share common stock issued to beneficiaries or repurchased from the secondary market. The plan has a maximum validity of 36 months, with an exercise price of CNY 14.03 per share.

A total of 260 individuals are included in the incentive plan, comprising senior and mid-level management, core technical and business personnel, and other employees crucial to the company's performance. This initiative aims to foster a long-term incentive mechanism, attract and retain outstanding professionals, and synchronize the interests of shareholders, the company, and employees for sustained growth.

The incentive plan's implementation follows a resolution from the third board of directors' twenty-fourth meeting on September 25, 2025, and adheres to relevant legal and regulatory frameworks. The board's compensation and appraisal committee has reviewed the list of eligible participants. The plan will be effective upon approval by at least two-thirds of the voting rights held by shareholders (including proxies) present at the general meeting.