XCMG Construction Machinery repurchases shares for cancellation and incentives

XCMG Construction Machinery announced significant progress in its share repurchase programs, approved earlier this year. The company is executing two distinct repurchase plans: one for cancellation to reduce registered capital and another for equity incentives or employee stock ownership plans.

For the cancellation program, as of August 31, 2025, XCMG repurchased 35,073,603 shares, representing 0.298% of its total share capital. The total transaction value for this purpose was CNY 286,761,953.17, with prices ranging from CNY 7.67 to CNY 8.81 per share. The maximum repurchase price, initially CNY 13 per share, was adjusted to CNY 12.83 per share following the 2024 annual profit distribution on July 9, 2025.

Concurrently, the company also disclosed progress on its share repurchase for equity incentives. As of August 31, 2025, XCMG repurchased 314,220,616 shares, accounting for 2.67% of its total share capital, with an aggregate transaction value of CNY 2,746,249,151.22. Prices for these shares ranged from CNY 8.00 to CNY 9.17 per share. Both repurchase plans adhere to relevant regulatory requirements and will continue within their respective 12-month periods.