On January 12, Mingyang Smart disclosed that it had received a notification from its controlling shareholder, Mingyang New Energy Investment Holding Group, on the same day—January 12, 2026. The notification outlined a strategic plan to gain control of Zhongshan Dehua Chip Technology Co., Ltd. This will be achieved through a combination of issuing new shares and making cash payments, alongside raising complementary funds (translated here as 'matching funds' for clarity and context).

At present, the transaction remains in the planning phase. The controlling shareholder of Dehua Company is Guangdong Mingyang Ruide Venture Capital Co., Ltd., a company entirely owned by Zhang Chao, who serves as a director of Mingyang Smart. Notably, Zhang Chao is also a close relative of Mingyang Smart's actual controller, which classifies this transaction as a related-party transaction under regulatory standards.

Following an application for a trading halt, Mingyang Smart's stock will cease trading from January 13, 2026. The anticipated duration of this suspension is not expected to exceed 10 trading days.