Sany Heavy Industry completes H-share stabilization, over-allotment option partially exercised

Sany Heavy Industry Co., Ltd. announced the partial exercise of its over-allotment option on November 22, 2025, involving 89,015,600 H-shares. These shares, representing approximately 14.09% of the initial global offering, will be issued at HK$21.30 per H-share to facilitate the delivery of H-shares to placees who agreed to deferred delivery. This action is expected to generate additional net proceeds of approximately HK$1,882.4m for the company. The shares are anticipated to commence trading on the Hong Kong Stock Exchange on November 26, 2025.

The price stabilization period for the global offering concluded on November 22, 2025. During this period, the stabilization manager, CITIC Securities Company Limited, or its affiliates, exercised various stabilization actions. These included over-allotting 94,739,800 H-shares in the international offering and continuously buying 11,213,000 H-shares on the market at HK$21.30 per H-share. Additionally, 5,488,800 H-shares were sold on the market within a price range of HK$23.50 to HK$24.74 per H-share. The unexercised portion of the over-allotment option expired on November 22, 2025.

Sany Heavy Industry will continue to comply with the public float requirements of the Hong Kong Stock Exchange Listing Rules, stipulating that H-shares with a market capitalization of no less than HK$3bn must be held by the public.