Sany Heavy Industry reports significant progress in share buyback program

Sany Heavy Industry Co., Ltd. has announced substantial progress in its A-share repurchase program. As of the end of October 2025, the company had cumulatively repurchased 72,679,200 shares, representing 0.86% of its total A-share capital. The total expenditure for these repurchases amounts to 1,355,368,700 yuan, excluding stamp duty and transaction commissions. The repurchased shares were acquired at prices ranging from 17.39 yuan to 19.39 yuan per share.

The company's board approved the buyback initiative on April 3, 2025, with an allocated capital of 1 bn yuan to 2 bn yuan. The program, which aims to use the repurchased shares for an employee stock ownership plan or equity incentive, is scheduled to run from April 3, 2025, to April 2, 2026. No share repurchases were conducted during October 2025.

Sany Heavy Industry reaffirms its commitment to adhering to relevant regulations regarding share repurchases. The company will continue to make repurchase decisions based on market conditions and fulfill its information disclosure obligations, urging investors to be aware of potential investment risks.