Ming Yang Smart Energy shareholders approve 2025 employee stock plans

Ming Yang Smart Energy Group Co., Ltd. announced the approval of its 2025 employee stock ownership plan, effective October 20, 2025. This plan, involving up to 10 million shares, will be acquired via non-trading transfers from the company's repurchased A-share ordinary stock at a price of 7.02 yuan per share. The shares will unlock in two equal tranches after 12 and 24 months, subject to company and individual performance targets, including net profit and operating revenue growth based on 2024 financials.

Shareholders overwhelmingly approved the plan, with 95.4956% in favor of the stock ownership plan proposal and 98.4666% for the stock option incentive plan. Related party shareholders, including Wang Limin and Fan Yuanfeng, recused themselves from voting on the relevant proposals.

The 2025 employee stock ownership plan aims to foster a shared interest mechanism, enhance governance, and incentivize key talent. The company projects total amortization costs of 71m yuan for the plan through 2027, with the majority recognized in 2026.