Sany Heavy Industry: The company has completed this share repurchase plan with a total amount of 1.36B yuan.

On April 2, Sany Heavy Industry (600031.SH) released an announcement on the implementation results of its share repurchase. According to the announcement, the company has completed this share repurchase program. It cumulatively repurchased 72.6792 million shares, accounting for 0.79% of the company’s total A-share share capital, and the actual repurchase amount was RMB 1.36B.

This repurchase was carried out using the centralized bidding transaction method. The repurchase funds came from the company’s own funds and special loans for repurchased shares. Under the originally planned repurchase scheme, the company intended to repurchase a total amount of not less than RMB 1.0 billion and not more than RMB 2.0 billion, with a maximum repurchase price of RMB 29.1 per share. The highest price of actual repurchase trades was RMB 19.39 per share, the lowest was RMB 17.39 per share, and the average repurchase price was RMB 18.65 per share.

In terms of the purpose of the repurchase, this repurchase will be used for an employee share ownership plan or equity incentives. Specifically, the company used 32.4978 million shares as of July 16, 2025 to establish a 2025 employee share ownership plan, and the remaining 42.9874 million shares are intended for subsequent employee share ownership plans or equity incentives.

It is worth noting that the actual number of shares repurchased, the repurchase price, and the total amount of funds used in this repurchase are consistent with the repurchase scheme approved by the board of directors. There is no difference between the actual execution of the repurchase scheme and the originally disclosed repurchase scheme. Meanwhile, the company stated that this repurchase will not have a material impact on the company’s operations, financials, or future development, will not affect the company’s listing status, and will not result in any change in the company’s control.

In addition, the announcement also disclosed that, after internal verification, during the period from the date when the repurchase of shares was first disclosed to the date of this announcement, the company’s controlling shareholder, actual controller, and the company’s directors and senior management had not engaged in any trading of the company’s stock.