Ming Yang Smart Energy Group Limited Strengthens Position in the Global Wind Turbine Industry

Ming Yang Achieves Record High in Annual Installation for 2022

Ming Yang Smart Energy Group Limited ("MYSE" or the "Company") (NYSE: MY), a leading global provider of smart energy solutions, announced today that it has achieved a record high in annual installation for 2022, further solidifying its position as a major player in the global wind turbine industry.

In 2022, MYSE installed a total of 11.1 gigawatts (GW) of wind turbines, representing a significant increase from the previous year. This achievement reflects the Company's strong execution capabilities, technological advancements, and growing global presence.

Technological Innovation Drives Growth

MYSE's success is largely attributed to its commitment to technological innovation. The Company has invested heavily in research and development (R&D), resulting in the development of highly efficient and reliable wind turbines.

MYSE's advanced turbines are designed to maximize energy capture and reduce operating costs. The Company's patented technologies, such as its Megawatt Offshore Direct Drive Wind Turbine and its Intelligent Control System, have enabled it to deliver industry-leading performance and reliability.

Global Expansion Fuels Growth

In addition to its technological advancements, MYSE has also expanded its global presence in recent years. The Company now operates in over 30 countries and regions, with a strong presence in key markets such as Europe, Asia, and the Americas.

MYSE's global expansion has been driven by the growing demand for renewable energy solutions. The Company has established partnerships with leading utilities and developers around the world, providing them with customized wind turbine solutions that meet their specific needs.

Outlook for 2023 and Beyond

MYSE remains optimistic about the future growth prospects of the wind turbine industry. The Company expects to continue to benefit from the global shift towards renewable energy and the increasing demand for its advanced wind turbines.

MYSE has a strong pipeline of orders and is well-positioned to capture market share in both established and emerging markets. The Company is also exploring new opportunities in areas such as offshore wind and floating wind, which offer significant growth potential.