Zoomlion meets stock plan targets, unlocking 30% of A shares

Zoomlion Heavy Industry Science and Technology Co., Ltd. has confirmed that the performance targets for the second lock-up period of its Stock Ownership Plan (Phase II) have been met. This achievement, announced on October 16, 2025, will lead to the unlocking of 30% of the A Shares held by the plan, totaling 127,187,029 A Shares, upon the period's expiry on October 17, 2025.

The company's FY2023 net profits were RMB3,506,011,590.67 and FY2024 net profits were RMB3,520,377,530.14. The average net profits for these two financial years, RMB3,513,194,560.41, represented an arithmetic mean growth rate of no less than 50% over the benchmark of RMB2,306,047,166.93. Additionally, the FY2024 net profits were no less than 75% of the net profits of comparable companies for the same year, fulfilling the defined unlock conditions.

The management committee will proceed to sell the unlocked A Shares on the market prior to the plan's expiry, at a timing and in a manner it determines, with proceeds distributed to the respective holders as per the plan rules.