Core Viewpoint - The company has approved a real estate asset-backed special plan to enhance its asset utilization and promote sustainable operations in the wind power infrastructure sector [2][18]. Group 1: Meeting and Resolutions - The third board meeting of the company was held on November 19, 2025, with all 11 directors present, and the resolutions passed were deemed legally valid [1][3]. - The board approved the implementation of a real estate asset-backed special plan, involving the company's subsidiary, Beijing Jieyuan New Energy Investment Co., Ltd., and its project in Shaanxi [2][6]. Group 2: Project Implementation Progress - The company initiated the asset-backed special plan on September 25, 2025, and has since submitted the plan to the Shanghai Stock Exchange for acceptance [6][7]. - The special plan will utilize the Shaanxi Jingbian Ningtiaoliang Wind Farm project as the underlying asset, which has a total installed capacity of 150 MW [8]. Group 3: Financial Arrangements - The plan includes financial arrangements such as factoring financing cooperation to manage uncertainties related to government subsidy payments [9]. - The original equity holder, Beijing Jieyuan, will provide liquidity support and construction project loan support to ensure the project's smooth operation [10][13]. Group 4: Impact on the Company - The implementation of the asset-backed special plan is expected to activate existing assets and unlock their potential value, contributing to a positive investment cycle in the wind power sector [18].

Core Viewpoint - Mingyang Smart Energy announced the approval of a special asset-backed plan for real estate holdings, focusing on renewable energy projects [2] Group 1: Company Actions - The company’s board approved the proposal to initiate the issuance of a special asset-backed plan for real estate holdings [2] - The plan involves the company’s subsidiary, Beijing Jieyuan New Energy Investment Co., Ltd., using its holdings in Xi'an Jingbian Mingyang New Energy Power Co., Ltd. as the project company [2] - The underlying asset for the plan is the Ningtiaoliang Wind Farm project held by Jingbian Mingyang [2] Group 2: Regulatory Process - The company has submitted the special plan for approval to the Shanghai Stock Exchange, which has accepted the application [2] - The various tasks related to the application process are progressing as scheduled [2]

Core Viewpoint - Mingyang Smart Energy announced the approval of a special asset-backed plan for holding real estate assets, focusing on renewable energy projects [2] Group 1: Company Actions - The company’s board of directors approved the proposal to initiate the issuance of a special asset-backed plan on September 25, 2025 [2] - The plan will utilize the assets of its subsidiary, Beijing Jieyuan New Energy Investment Co., Ltd., specifically targeting the Xi'an Jingbian Mingyang New Energy Power Generation Co., Ltd. as the project company [2] - The underlying asset for this plan will be the Ningtiaoliang Wind Farm project held by Jingbian Mingyang [2] Group 2: Regulatory Aspects - The proposal does not require submission for shareholder meeting approval, streamlining the process for the asset-backed plan [2]