Sany Heavy Industry delays senior management term renewal

Sany Heavy Industry Co., Ltd. (SSE:600031) announced a delay in the renewal of its senior management team on April 24, 2025. The decision, ratified during the ninth board of directors meeting on April 22, stems from the recent establishment of the new ninth board, requiring additional time to nominate and appoint new senior executives. To ensure operational continuity, the current senior management, including the president, executive president, senior vice presidents, vice presidents, CFO, and board secretary, will continue fulfilling their duties and responsibilities as outlined by relevant laws, regulations, and the company's articles of association until the appointment of the new team. The company assures stakeholders that this delay will not impact its normal operations.