August 29, 2022

For XCMG

It is destined to be an extraordinary day.

69.700 million new shares listed on the same day，It marks the completion of the overall listing of Xugong Limited, which lasted nearly a year and a half.，The capital market ushered in“New Xugong”，The pattern of construction machinery industry in China and even the world will usher in new changes。

Late September 2020，XCMG Successfully Signed Strategic Investment，Attracting capital 210.5.6 billion，The reform of mixed ownership has taken a solid step.。Adhering to the basic principles and general requirements of the mixed reform of XCMG，To enhance the comprehensive competitiveness of listed companies.、The goal is to further activate the institutional mechanism.，After the mixed reform of XCMG，The overall listing followed closely.。April 7, 2021，XCMG(000425)Suspension of trading to plan major asset reorganization matters。

 

This reorganization injects high-quality assets into listed companies.，Excavation machinery of XCMG、Concrete Machinery、Mining Machinery、Tower cranes and other construction machinery production supporting assets are injected into listed companies as a whole.，Pricing of Underlying Assets 386.8.6 billion yuan，At the issue price of 5.55 yuan/Share Calculation，The number of shares issued is approximately 69..7 billion shares，All of them are tradable shares with limited selling conditions.。After this transaction，All shares of XCMG held by XCMG Limited 29.8.6 billion shares will be cancelled，Xugong Group has become the controlling shareholder and actual controller of listed companies.。

69.700 million new shares after listing，The total share capital of the listed company becomes 118.1.9 billion shares。After realizing the overall listing，“New Xugong”It can be supported by the capital market.，Further promote business collaboration，Improve operational efficiency，Listed companies will achieve full product coverage of construction machinery，The corporate governance structure has been further optimized，Management and operational efficiency further improved，It helps to enhance the comprehensive competitiveness and risk resistance of listed companies.，Help the company accelerate to become a leading enterprise in the global construction machinery industry。

 

In fact.，After the implementation of the mixed reform plan of XCMG，The vitality of enterprises is constantly improving，Performance elasticity is gradually released.，The speed of development has increased significantly.。Analysts believe that，In the long run，XCMG Limited Completes Mixed Reform，Employee Stock Ownership Platform Capital Increase 8.700 million yuan，Release of vitality after restructuring、Management Improvement、Product structure optimization。

 

XCMG Limited、Chairman of XCMG、Party Secretary Wang Min said.：“XCMG has a principle of growth.，It is.Someone else.、I won't.；Someone else.，I'm on faster.。The most important thing is，If you go up, you can't come down.。” Today，China's capital market has ushered in a new era.“New Xugong”；The future，The world's construction machinery will be different.“New Pattern”。