XCMG announces share repurchase plan for incentive programs

XCMG Construction Machinery (SZSE:000425) announced its plan to repurchase company shares for use in equity incentive or employee stock ownership programs, signaling confidence in future growth and a commitment to shareholder value. The repurchase plan, approved by the board on April 8, 2025, will utilize the company's own funds or other legally permitted sources. The total repurchase amount is capped at CNY360,000,000 and has a floor of CNY180,000,000, with individual share prices limited to CNY13.