Zhitong Finance App News, Sany Heavy Industries (06031.HK) issued an announcement. In order to revitalize existing assets and broaden financing channels, Sany Heavy Industries Co., Ltd. (hereinafter referred to as the “Company”) intends to establish and apply for the issuance of asset-backed securities (ABS) of no more than RMB 10 billion on the Shanghai Stock Exchange, which can be issued in one or more installments. Each phase of the special plan is expected to last no more than 5 years. The asset-backed securities to be issued are divided into priority asset-backed securities and secondary asset-backed securities, of which the controlling shareholder of the company, Sany Group Co., Ltd. (hereinafter referred to as “the Company”) “Sany Group”) intends to subscribe for all secondary asset-backed securities (the cumulative subscription amount shall not exceed RMB 1 billion (inclusive)). This transaction constitutes a related transaction.

Zhitong Finance App News, Sany Heavy Industries (06031.HK) issued an announcement. In order to revitalize existing assets and broaden financing channels, Sany Heavy Industries Co., Ltd. (hereinafter referred to as the “Company”) intends to establish and apply for the issuance of asset-backed securities (ABS) of no more than RMB 10 billion on the Shanghai Stock Exchange, which can be issued in one or more installments. Each phase of the special plan is expected to last no more than 5 years. The asset-backed securities to be issued are divided into priority asset-backed securities and secondary asset-backed securities, of which the controlling shareholder of the company, Sany Group Co., Ltd. (hereinafter referred to as “the Company”) “Sany Group”) intends to subscribe for all secondary asset-backed securities (the cumulative subscription amount shall not exceed RMB 1 billion (inclusive)). This transaction constitutes a related transaction.