NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

MING YANG SMART ENERGY GROUP LIMITED

Post-Stabilisation Notice

                                                                                           25 July 2022

Further to the pre-stabilisation notice dated 8 July 2022, UBS AG London Branch (the “Stabilising Manager”) (contact: Francois-Olivier Mercier, Syndicate Desk, telephone: +44 207 567 8000 ) hereby gives notice that no stabilisation (within the meaning of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 as such legislation forms part of retained EU law by virtue of the European Union (Withdrawal) Act 2018) was or will be undertaken by the Stabilising Manager in relation to the offer of the following securities:

Issuer:	MING YANG SMART ENERGY GROUP LIMITED
Securities:	Global depositary receipts (the “GDRs”) each representing five A shares of the Company
ISIN:	US6034912005
Offering size:	31,280,500 GDRs (excluding the over-allotment option)
Offer price:	USD 21.00 per GDR
Market:	London Stock Exchange plc, Shanghai-London Stock Connect segment
Ticker:	MYSE
Description:	Initial Public Offering of GDRs

On 25 July 2022, the Stabilising Manager, exercised in full the over-allotment option granted by MING YANG SMART ENERGY GROUP LIMITED (the “Company”) in respect of 2,380,000 GDRs in the Company (the “Option GDRs”) at the offer price of USD 21.00 per Option GDR.

Following the exercise of the over-allotment option, the stabilisation period is hereby terminated as of the date hereof.

 

Disclaimer

The information contained in this announcement is for background purposes only and does not purport to be full or complete nor does it constitute or form part of any invitation or inducement to engage in investment activity, nor does it constitute an offer or invitation to buy any securities in any jurisdiction including the United States, or a recommendation in respect of buying, holding or selling any securities. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan or South Africa. This announcement does not constitute or form a part of any offering or solicitation to purchase or subscribe for, or otherwise invest in, securities in the United States, Australia, Japan or South Africa. The GDRs referred to herein have not been, and will not be, registered under the United States Securities Act of 1933 (the “Securities Act”). The GDRs are being offered and sold outside the United States in “offshore transactions” within the meaning of Regulation S under the Securities Act.

The GDRs may not be offered or sold in the United States except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act. There will be no public offering of securities in the United States.

This announcement is only addressed to and directed at specific addressees who: (A) if in member states of the European Economic Area (the "EEA"), are persons who are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (as amended) ("Qualified Investors"); and (B) if in the United Kingdom, are “qualified investors” within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (as amended) as it forms part of retained EU law by virtue of the European Union (Withdrawal) Act 2018, and who are: (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order; or (C) are other persons to whom it may otherwise lawfully be communicated (all such persons referred to in (B) and (C) being referred to as "Relevant Persons"). This announcement must not be acted or relied on (i) in the United Kingdom, by persons who are not Relevant Persons and (ii) in any member state of the EEA by persons who are not Qualified Investors. Any investment activity to which this announcement relates (i) in the United Kingdom is available only to, and may be engaged in only with, Relevant Persons; and (ii) in any member state of the EEA is available only to, and may be engaged only with, Qualified Investors.