XCMG continues share repurchase program for cancellation

XCMG Construction Machinery (SZSE: 000425) announced further progress in its share repurchase program aimed at enhancing shareholder value and investor confidence. As of February 28, 2025, the company has repurchased 56,515,180 shares, representing 0.48% of its total share capital, through a dedicated securities account. The repurchases were executed via centralized bidding, with prices ranging from 6.17 to 7.96 RMB per share, for a total consideration of 372,965,157.54 RMB (excluding transaction costs). The buyback adheres to relevant laws and the company's previously announced repurchase plan. XCMG intends to cancel the repurchased shares to reduce registered capital. The company affirmed its commitment to continuing the buyback program within the stipulated timeframe and will comply with disclosure requirements.