XCMG shareholders approve executive compensation, asset securitization

XCMG Construction Machinery Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on September 19, 2025, where all proposed resolutions were approved. The meeting, attended by 1,220 shareholders representing 52.92% of the total voting shares, adopted resolutions covering revisions to the "Senior Management Remuneration System," an application for an asset securitization project, and the passive formation of financial assistance after the transfer of a subsidiary's equity.

The resolution to revise the "Senior Management Remuneration System" passed with 95.025% of votes in favor. Similarly, the proposal for an asset securitization project received strong approval with 99.983% in favor, and the resolution concerning financial assistance after subsidiary equity transfer garnered 99.982% of affirmative votes. All resolutions passed without any rejections, indicating strong shareholder consensus.

The meeting combined both on-site and online voting. The company's board of directors and the Beijing Dacheng (Nanjing) Law Firm confirmed that the meeting procedures and resolutions were legally compliant.