MING YANG SMART ENERGY GROUP
LIMITED
(GDR under the symbol:
"MYSE")
(a joint stock company
established under the laws of the People's Republic of China with
limited liability)
Notice of the Second
Extraordinary General Meeting in 2024
NOTICE IS HEREBY GIVEN that the
Second Extraordinary General Meeting in 2024 of Ming Yang Smart
Energy Group Limited will be held at conference room on the 5th
floor of Ming Yang Smart Energy Group
Limited, Ming Yang Industrial Park, No.22,
Torch Avenue, Zhongshan Torch High-tech Industrial Development
Zone, Zhongshan City, Guangdong, People's Republic of China, on
Wednesday, 18 December 2024 at 15:00 (Beijing Time), for the
purpose of considering, and if thought fit, passing the following
resolution：
Ordinary Resolution
To consider and approve the
Reappointment of Accounting Firm
Ming Yang Smart
Energy Group Limited
26
November, 2024
Appendix：Proposal on the Reappointment
of Accounting Firm
To all Shareholders and Shareholders'
proxies,
The 15th Meeting of the Third Session
of the Board of Ming Yang Smart Energy Group Limited (hereinafter
referred to as the "Company") was convened on 29 October 2024 for
the purposes of considering and approving the "Resolution on the
Reappointment of the Accounting Firm", where the Company proposed
to reappoint Grant Thornton Zhitong Certified Public Accountants
LLP (hereinafter referred to as "Grant Thornton") as the Company's
auditor for its financial report and internal control for the year
of 2024, and it is agreed that such resolution would be submitted
to the shareholders' general meeting in due course. Relevant
matters are hereby announced as follows:
I.
Information about the firm
1.
Basic information
Name of Accounting Firm: Grant
Thornton Zhitong Certified Public Accountants LLP
Establishment Date: 22 December
2011
Registered Address: 5th Floor,
Scitech Tower, 22 Jianguomen Wai Avenue, Chaoyang District,
Beijing
Chief Partner: Li Huiqi
Issuing Authority and Number of
Practicing Certificate: Beijing Municipal Finance Bureau
NO.0014469
As of the end of 2023, Grant
Thornton employed nearly 6,000 practitioners, including 225
partners and 1,364 certified public accountants, over 400 of who
have signed off on auditor's reports for securities services
engagements.
In 2023, Grant Thornton recorded
revenue of RMB2.703 billion, including RMB2.205 billion from audit
services and RMB502 million from securities services. The firm
provided annual report audit services to 257 listed companies,
which are primarily engaged in industries such as manufacturing,
information transmission, software and information technology
services, wholesale and retail, electricity, thermal power, gas and
water production and supply, transportation, warehousing and postal
services, with total fees amounting to RMB355 million. In addition,
the firm served 163 companies listed on the National Equities
Exchange and Quotations (NEEQ), with total audit fees amounting to
RMB35.2917 million, particularly with six clients audited in the
general equipment manufacturing industry in 2023.
2.
Investor protection capability
Grant Thornton has purchased
occupational insurance with a total indemnity limit of RMB900
million, which is in compliance with relevant regulations. As of
the end of 2023, the occupational risk fund stood at RMB8.1509
million.
No civil liabilities were incurred
in respect of civil litigation relating to its industrial practices
that have been concluded by Grant Thornton over the past three
years.
3.
Independence and integrity record
Over the past three years, Grant
Thornton has received 0 criminal penalties, 0 administrative
penalties, 10 supervisory and management measures, 4
self-discipline regulatory measures and 1 disciplinary sanction for
its practices. 30 practitioners have been subject to 0 criminal
penalties, 0 administrative penalties, 10 supervisory and
management measures, 4 self-discipline regulatory measures and 1
disciplinary sanction for their practices over the past three
years.
II. Project information
1.
Basic Information
Project Partner: Meng Qingzhuo, who
became a certified public accountant in 2002 and began to engage in
the audit of listed companies in 2019, has been practicing at Grant
Thornton since 2012, and has not signed off on any auditor's
reports for listed companies but signed off on three auditor's
reports for companies listed on the NEEQ over the past three
years.
Signing Certified Public Accountant:
Tong Xitao, who became a certified public accountant in 2012 and
began to engage in the audit of listed companies in 2016, has been
practicing at Grant Thornton since 2016, and has provided audit
services to the Company since 2021 and signed off on three
auditor's reports for listed companies over the past three
years.
Project Quality Control Reviewer:
Zhao Leili, who became a certified public accountant in 2007 and
began to engage in the audit of listed companies in 2008, has been
practicing at Grant Thornton since 2011, and has reviewed four
auditor's reports for listed companies and three auditor's reports
for companies listed on the NEEQ over the past three
years.
2.
Integrity Record
The project partner, signing
certified public accountant, and project quality control reviewer
have not been subject to any criminal penalties as a result of
their practices over the past three years, nor have they not been
subject to administrative penalties, supervisory and management
measures, or self-discipline regulatory measures from the CSRC, its
dispatching agencies, or competent industry authorities, nor have
they been subject to any self-discipline regulatory measures or
disciplinary sanctions imposed by the stock exchanges, industry
associations, or any other self-regulatory
organizations.
3.
Independence
None of Grant Thornton, the project
partner, signing certified public accountant, or project quality
control reviewer has identified any circumstances that would affect
their independence.
4.
Audit Fees
Audit fees are approved by the
Company's management under the principle of fair and reasonable
market pricing, taking into consideration the responsibilities to
be assumed by an accounting firm for its professional services,
such workload and time as required for its expertise rendered, in
combination with such audit fees as determined with Grant Thornton
for the financial report and internal control for the current
financial year.