Ming Yang Smart Energy Group Limited (ASX: 601615) has announced plans to inject an additional 281 million yuan into its associated company, CNOOC (Dongfang) Energy Co., Ltd.

The investment will maintain the company's existing 45% stake in the joint venture, as the capital increase is being made proportionally by all shareholders.

The primary objective of this funding is to advance the development of the Hainan Dongfang offshore wind power demonstration project.

This transaction is classified as a connected party transaction but does not constitute a major asset reorganization for the company.