Ming Yang Smart Energy to cancel 10m repurchased shares

Ming Yang Smart Energy Group Co. announced its decision to cancel 10,000,000 shares from its special repurchased securities account, reducing its total share capital from 2,271,496,706 shares to 2,261,496,706 shares. This action aims to decrease the company's registered capital. The cancellation process is scheduled for completion on December 9, 2025.

The shares to be canceled are part of a larger repurchase program, with 89,813,484 shares from the first phase initially intended for equity incentives. The company decided to change the purpose of 10,000,000 of these shares to cancellation, with the remaining 79,813,484 shares still designated for employee stock ownership plans or equity incentives.

Before this cancellation, the company held a total of 121,119,984 repurchased shares in its dedicated account. The company confirms that this cancellation will not significantly impact its financial condition, operating results, or control structure, ensuring continued compliance with listing requirements.