Sany Heavy Industry approves H-share issuance and Hong Kong listing

Sany Heavy Industry's shareholders convened on April 21, 2025, to vote on key resolutions, including the proposed issuance of H-shares and listing on the Hong Kong Stock Exchange. A total of 3,207 shareholders and proxies, representing 3,304,878,370 shares or 38.9957% of the company's total voting shares, attended the meeting. The shareholders approved all proposed resolutions, including the issuance size, timing, and method, the use of raised funds, and related amendments to the company's articles of association. Significantly, shareholders also approved turning Sany into an overseas incorporated company. The resolutions concerning the H-share issuance and Hong Kong listing were passed with over 99% of shareholder approval. The company also approved electing new members to the Board of Directors and Supervisory Board. The meeting was legally compliant and valid, according to the witnessing law firm.