Zoomlion Heavy Industry unlocks core management shares after hitting profit targets

Zoomlion Heavy Industry Science And Technology Co., Ltd. announced the expiration of the second lock-up period for its second phase core management shareholding plan, with the unlocking conditions for this phase having been met. The second lock-up period concluded on October 17, 2025, enabling the unlocking of 30% of the total shares under the plan, amounting to 127,187,029 shares.

The unlocking was contingent upon the achievement of specific performance targets linked to the company's net profit. Compared to the 2022 performance baseline, the 2024 net profit growth rate had to be no less than 60%, or the average net profit growth rate for 2023 and 2024 had to be no less than 50%. Additionally, the 2024 net profit had to be no less than the 75th percentile of benchmark companies' 2024 net profit. The company reported net profits attributable to shareholders of CNY 3,506,011,590.67 for 2023 and CNY 3,520,377,530.14 for 2024. The average net profit for 2023 and 2024 reached CNY 3,513,194,560.41, representing a growth rate of no less than 50% compared to the baseline of CNY 2,306,047,166.93. The 2024 net profit also met the 75th percentile requirement relative to benchmark companies.

The company will adhere to market trading rules and relevant regulations during the subsequent sale and distribution of these unlocked shares. Restrictions on buying and selling company shares will apply during specific blackout periods.