Ming Yang Smart Energy guarantees subsidiary's bank loans

Ming Yang Smart Energy Group Co., Ltd. has announced it will provide guarantees for its subsidiary, Wuxi Ming Yang Hydrogen Fuel Power Technology Co., Ltd. This move supports Ming Yang Hydrogen Fuel's operating capital requirements, with a total guarantee amount of 20 million yuan for loans from Bank of Communications Wuxi Branch and Nanjing Bank Wuxi Branch. The guarantee period extends three years beyond the maturity date of the primary loan agreements.

The current outstanding guarantee balance provided by Ming Yang Smart Energy for Ming Yang Hydrogen Fuel, including this transaction, is 45 million yuan. The total external guarantees by Ming Yang Smart Energy and its controlled subsidiaries amount to 3,807.7625 million yuan, representing 14.51% of the company's net assets as of the latest audited period in 2024.

This guarantee falls within the previously approved quota of 50 million yuan for Ming Yang Hydrogen Fuel, as decided by the board of directors and shareholders in April and May 2025. There are no overdue external guarantees by the company.