Some investors asked Mingyang Electric on an interactive platform: Does the US ban on electrical equipment for power systems have an impact on Mingyang Electric's business in the US? Mingyang Electric replied that the products sold by the company in the US are mainly medium voltage power distribution, box-type substations and supporting transmission and distribution equipment of 34.5 kV and below. They are distribution grid-side equipment and are not “high-capacity power system equipment” on the backbone grid side targeted by the executive order; the executive order also clearly “does not apply to local power distribution facilities.” Currently, the executive order is still in the rule-making stage. The company will continue to track the progress of the policy and carefully evaluate the potential impact. At the same time, the company has an overseas production capacity layout, and the Malaysian manufacturing base was put into operation in 2025, which can effectively hedge against the risks of the single market policy. In summary, the policy has no significant adverse impact on the company's current operations.

Some investors asked Mingyang Electric on an interactive platform: Does the US ban on electrical equipment for power systems have an impact on Mingyang Electric's business in the US? Mingyang Electric replied that the products sold by the company in the US are mainly medium voltage power distribution, box-type substations and supporting transmission and distribution equipment of 34.5 kV and below. They are distribution grid-side equipment and are not “high-capacity power system equipment” on the backbone grid side targeted by the executive order; the executive order also clearly “does not apply to local power distribution facilities.” Currently, the executive order is still in the rule-making stage. The company will continue to track the progress of the policy and carefully evaluate the potential impact. At the same time, the company has an overseas production capacity layout, and the Malaysian manufacturing base was put into operation in 2025, which can effectively hedge against the risks of the single market policy. In summary, the policy has no significant adverse impact on the company's current operations.