XCMG Nears CNY 300m Share Repurchase, Further Progress

XCMG Construction Machinery announced that as of October 31, 2025, it had repurchased 36,419,003 shares through centralized bidding. This accounts for 0.31% of the company's total share capital. The total transaction value amounted to CNY 299,972,235.17, with the highest price paid at CNY 9.84 per share and the lowest at CNY 7.67 per share. The repurchase aligns with the company's previously approved plan and relevant regulations.

The share repurchase plan, approved by the board on April 26, 2025, and by shareholders on May 27, 2025, aims to reduce the company's registered capital. The total repurchase amount is set between CNY 300,000,000 and CNY 600,000,000, with a maximum price of CNY 13 per share. Following the 2024 annual profit distribution on July 9, 2025, the maximum repurchase price was adjusted to CNY 12.83 per share. The repurchase period is within twelve months from the date of the shareholders' meeting approval.

The company affirmed that its share repurchase activities comply with relevant regulations, including not repurchasing shares during critical periods or at prices exceeding the daily trading limit. XCMG Construction Machinery will continue to execute the plan and fulfill information disclosure obligations.