China Machinery Heavy Equipment announced that on October 21, 2026, the board of directors of the company deliberated and passed a bill relating to the issuance of A-shares to specific targets and signed a share subscription agreement with China Machinery Group, the controlling shareholder. China Machinery Group plans to subscribe for all issued shares in cash. The subscription amount shall not exceed RMB 444 million, and the number of shares to be subscribed shall not exceed 2,164 million shares. According to the maximum number of issues, the total control share ratio of China Machinery Group and its wholly-owned subsidiaries will increase from 56.35% to 66.42% after the issuance is completed, and the controlling shareholders and actual controllers of the company will remain unchanged. This release is subject to relevant approval, review and registration.

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