Zoomlion to acquire full ownership of target company

Zoomlion Heavy Industry Science and Technology Co., Ltd. (HKEX:1157) has announced it will acquire the remaining 36% interest in an unnamed target company for RMB723,240,100, equivalent to approximately HKD788,504,628. This follows Zoomlion's re-acquisition of a 45% interest in the Target on May 28, 2025. Once completed, Zoomlion will hold 100% interest in the Target, consolidating its financial statements. Zoomlion has sold interests in the target in the past, specifically 45% to Seller A and 36% to Seller B in June 2021. The company believes that the acquisition will foster synergy between its industry and finance sectors, facilitate a digital management strategy, and reduce related party transactions. The cash consideration will be funded from the Company's internal resources. A final dividend of RMB 0.3 per share, for the year ended December 31, 2024, is scheduled to be paid to shareholders on July 25, 2025, with withholding tax details outlined in a separate circular.