Sany Heavy Industry announces share repurchase plan

** Sany Heavy Industry Co., Ltd. [SSE:600031] announced a share repurchase plan via centralized bidding, according to a filing released April 12, 2025. The funds, sourced from new bank loans or other funding means, will be used for an employee stock ownership plan. The repurchase price is capped at CNY 29.10 per share, not exceeding 150% of the average trading price in the 30 trading days before the board resolution. The repurchase period will not exceed 12 months from the board approval date. The number of shares to be repurchased is estimated between 34,364,300 and 68,728,500, representing 0.41% to 0.81% of the company's total share capital. The company has also disclosed that part of its board member had reduced their ownership of shares during the past 6 months. The company will provide further announcements.