XCMG repurchases 2% of shares, continues buyback program

XCMG Construction Machinery (SZSE:000425) announced that it has repurchased 244,799,448 of its own shares as of May 7, 2025, representing 2.07% of the company's total share capital. The buyback was conducted through a dedicated securities account via centralized bidding. The highest transaction price was CNY 9.17 per share, while the lowest was CNY 8.00 per share, resulting in a total transaction amount of CNY 2,142,008,003.67 (excluding transaction costs). The company affirmed that the repurchase activities are in compliance with relevant laws, regulations, and the company's established repurchase plan. XCMG intends to continue implementing the buyback program within the stipulated timeframe, adjusting strategies based on market conditions.