Mingyang Electric: Mingyang in Zhongshan pledged 0.96% of its share capital for repaying loans.

Mingyang Electric Announcement: Zhongshan Mingyang will pledge 3 million restricted shares before the initial public offering to Bohai International Trust Co., Ltd., with the pledge period from December 25, 2025 until the registration for the release of the pledge, accounting for 2.30% of its shareholding and 0.96% of the total share capital of the company, to be used for repayment of loans. As of the disclosure date of the announcement, Zhongshan Mingyang and its concerted parties hold 137 million shares, accounting for 44.02%, with a total of 49.3 million shares pledged, accounting for 35.87% of its shareholding and 15.79% of the total share capital of the company.