Ming Yang Smart Energy announces capital reduction and employee incentive plans

Ming Yang Smart Energy Group announced plans to reduce its registered capital by cancelling 10,000,000 repurchased shares, decreasing total share capital from 2,271,496,706 to 2,261,496,706 shares. This follows a share repurchase completed in February 2024 for 999,999,606.71 yuan. Creditors have 45 days from the announcement (October 21, 2025) to declare claims.

Concurrently, the company introduced its 2025 Stock Option Incentive Plan, granting 20,000,000 stock options at an exercise price of 14.03 yuan per share to 260 employees. It also launched the 2025 Employee Stock Ownership Plan, allowing up to 10,000,000 shares at 7.02 yuan per share to be acquired by 110 employees, funded by legitimate compensation and self-raised capital. Both incentive plans include performance targets for 2025 and 2026 based on net profit or operating revenue.

These initiatives are designed to align employee and shareholder interests, enhance corporate governance, and retain key talent, fostering the company’s long-term, healthy development.