Sany Heavy Industries announced that the company held a board of directors on July 24 to review and pass the repurchase bill. It plans to repurchase A-shares through centralized bidding transactions, with an amount not less than 400 million yuan and no more than 800 million yuan. The price will not exceed 27.96 yuan/share. The number of repurchases is 14.3062 million shares to 286.12,300 shares, accounting for 0.16% to 0.31% of the total share capital for A-share employees. If the transfer is not completed within 3 years, the untransferred shares will be cancelled. The implementation period does not exceed 12 months, and the relevant shareholders currently have no plans to reduce their holdings. This repurchase involves risks in terms of price, capital, etc.

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