Zoomlion plans convertible bonds placing, interim dividend

Zoomlion Heavy Industry Science and Technology Co., Ltd. announced on November 25, 2025, an update on its proposed placing of convertible bonds. The company entered into a placing agency agreement with Huatai and HSBC to facilitate the subscription of convertible bonds with an aggregate principal amount of up to RMB6 billion. These bonds are convertible into H Shares at an initial conversion price of HK$9.75 per H Share, subject to adjustments. The placing is conditional on several factors, including regulatory approvals and the execution of a subscription agreement.

Concurrently, Zoomlion declared an interim dividend of RMB0.2 per share for the six months ended June 30, 2025. This dividend, subject to shareholder approval, will be paid by January 9, 2026, to H Share holders of record on December 22, 2025, with the H Share register closing from December 17 to December 22, 2025.

An extraordinary general meeting (EGM) and class meetings for A and H shareholders are scheduled for December 11, 2025, to approve the dividend, amendments to corporate rules, and the specific mandate for issuing the convertible bonds and conversion shares. The total interim dividend amount is approximately RMB1,730 million. Certain non-resident shareholders will be subject to withholding tax at varying rates, including 10% for non-resident corporate holders and 10% or 20% for individual non-resident holders, depending on tax agreements.