XCMG repurchases shares for equity incentives and capital reduction

As of September 30, 2025, XCMG Construction Machinery cumulatively repurchased 314,577,416 shares for equity incentives or employee stock ownership plans, representing 2.68% of its total share capital. This program, approved on April 8, 2025, involved a total transaction value of CNY 2,749,792,819.22 (excluding transaction fees) with prices ranging from CNY 8.00 to CNY 9.94 per share. The maximum repurchase price, initially set at CNY 13.00, was adjusted to CNY 12.83 per share following the 2024 annual profit distribution on July 9, 2025. The total capital allocated for this repurchase is between CNY 180,000 to CNY 360,000.

Concurrently, XCMG also repurchased 36,419,003 shares for cancellation, accounting for 0.31% of the company's total share capital. This program, approved on April 26 and May 27, 2025, had a total transaction value of CNY 299,972,235.17 (excluding transaction fees), with prices ranging from CNY 7.67 to CNY 9.84 per share. The capital allocated for this repurchase is between CNY 30,000 to CNY 60,000. This initiative aims to reduce registered capital, with repurchased shares to be canceled within ten days of completion. Both repurchase programs adhere to the established legal and regulatory frameworks.