MING YANG SMART ENERGY GROUP LIMITED

(GDR under the symbol: "MYSE")

(a jointstock company established under the laws of the People's Republic of China withlimited liability)

Announcementon the Progress of the Share Repurchase

I. Basic Information about Share Repurchase

On May 4, 2023, Ming Yang Smart Energy GroupLimited (the "Company") held the 39^th meeting of the second session of the boardof directors and considered and approved the Proposal on the Plan forRepurchasing Company Shares by means of Centralized Bidding Transaction. TheCompany agreed to use its own funds of no more than RMB1 billion (inclusive)and no less than RMB500 million (inclusive) to repurchase the Company's sharesby centralized bidding transaction, for the purpose of implementing equityincentives. The repurchase period shall not exceed 12 months from May 4, 2023.

II. Progress of the Share Repurchase

As of December 5, 2023, the Company repurchased 25,399,893 shares throughcentralized bidding, accounting for 1.12% of the current total share capital (i.e. 2,271,759,206 shares) of the Company, with the highest transactionprice of RMB 17.99/share, the lowest transaction price of RMB 12.83/share andthe total amount paid of RMB 384,094,645.42 (excluding transaction fees). Therepurchase this time complies with the provisions of relevant laws andregulations and the established share repurchase plan of the Company.

The Company will make repurchase as appropriateaccording to the share repurchase plan and market conditions during the period.

III. Other Notes

The Company will implement share repurchase instrict accordance with the relevant requirements and fulfill the obligation ofdisclosing information in a timely manner according to the market situation.Investors are advised to pay attention to the investment risks.

Ming Yang Smart Energy Group Limited

5December, 2023