XCMG Construction Machinery plans incentives, share buybacks, and subsidiary sale

XCMG Construction Machinery's 2025 stock option and restricted stock incentive plan has received approval from the Xuzhou Municipal People's Government State-owned Assets Supervision and Administration Commission, with shareholder approval still pending.

Concurrently, the company is implementing two distinct share repurchase programs. The first, for cancellation, has bought back 35,073,603 shares totaling 286,761,953.17 yuan, while the second, for equity incentives or employee stock ownership plans, has repurchased 314,220,616 shares amounting to 2,746,249,151.22 yuan. Both programs are ongoing, with repurchases made by August 31, 2025.

Additionally, XCMG Construction Machinery will transfer 100% of its German subsidiary, Fluitronics GmbH (FT), to Edie International for €4 million. This divestment, expected to finalize by December 20, 2025, will result in passive financial assistance to FT, totaling €3.465 million. This includes outstanding loans of €2.965 million from XCMG Hong Kong Development and €500,000 from XCMG Europe. Edie Precision has committed to resolving these loans by their respective due dates in 2026.

These actions aim to support daily operations, reduce capital, and enhance shareholder value.