Sany Heavy Industry plans up to RMB 10 billion asset-backed securities issuance on Shanghai exchange

• Sany Heavy Industry plans to issue up to RMB 10 billion of financing lease asset-backed securities via an asset-backed special purpose plan.
• Underlying assets: operating accounts receivables claims from the group, including related security interests; issuance may be split into multiple tranches.
• Each tranche expected to have a tenor of up to five years; securities to be structured into senior ABS and subordinated ABS.
• Controlling shareholder Sany Group may subscribe for all subordinated ABS, with total subscriptions capped at RMB 1 billion.
• Issuer to provide a liquidity shortfall commitment to cover taxes, fees, senior expected yield, and principal if plan cash is insufficient.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sany Heavy Industry Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260828-12307108), on August 28, 2026, and is solely responsible for the information contained therein.