XCMG Construction Machinery advances share repurchase for employee plans

As of October 31, 2025, XCMG Construction Machinery has repurchased 314,577,416 shares through its dedicated securities account via centralized bidding. This represents 2.68% of the company's current total share capital. The total transaction value, excluding trading fees, amounted to 2,749,792,819.22 yuan, with a highest transaction price of 9.94 yuan per share and a lowest of 8.00 yuan per share.

The company's board approved the share repurchase on April 8, 2025, with a total capital not exceeding 360,000,000 yuan and not less than 180,000,000 yuan. The repurchase price per share was initially capped at 13 yuan, but was adjusted to 12.83 yuan after the 2024 annual profit distribution on July 9, 2025. The repurchase period commenced after the board's approval and will not exceed twelve months.

XCMG Construction Machinery affirmed that its share repurchase activities comply with relevant laws and regulations, including the "Guidelines for the Repurchase of Shares by Listed Companies" and other requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange. The company plans to continue implementing the repurchase scheme within the specified period.