Ming Yang Smart Energy’s real estate ABS approved for listing

Ming Yang Smart Energy Group's subsidiary, Beijing Jingyuan New Energy Investment Co., Ltd., received approval from the Shanghai Stock Exchange for the listing and transfer of its "CICC-Ming Yang Smart Energy New Energy Held-Type Real Estate Asset-Backed Special Plan." The approval, detailed in a letter dated December 2, 2025, confirms no objection to the listing and transfer.

The special plan, with a total issuance amount not exceeding 813m yuan, is backed by the company's interest in the Shaanxi Jingbian Ningtiaoliang Wind Farm project, held through Shaanxi Jingbian Mingyang New Energy Power Generation Co., Ltd. CICC acted as the plan administrator and sales agent. The approval is valid for 12 months from the date of the letter.

Ming Yang Smart Energy Group previously announced the plan after resolutions were passed by its board of directors on September 25 and November 19, 2025. The application for the special plan was accepted by the Shanghai Stock Exchange on September 26, 2025.