June 3，Xuzhou Xugong Automobile Manufacturing Co., Ltd.（Hereinafter referred to as“Xugong Automobile”）The mixed ownership reform project was officially listed on the Huaihai Property Exchange and accepted for registration.，This is a substantial new progress in the mixed reform of Xugong Automobile.。

eDisclosed by the trading platform《Capital Increase Announcement of Xuzhou Xugong Automobile Manufacturing Co., Ltd.》
XCMG intends to introduce strategic investors and implement equity incentives through a combination of equity transfer and capital increase.，The total fund raised is about 71..7.4 billion yuan。Among，The proportion of equity to be transferred shall not exceed 53 percent%（After capital increase and share expansion, the proportion of equity is about 43.46%），The corresponding fund raised is about 50.7.3 billion yuan；The proportion of the proposed capital increase and share expansion shall not exceed 18%，The corresponding fund raised is about 2.1 billion yuan.；Implement equity incentives for key employees simultaneously，Take the way of building a limited partnership of employee stock ownership platform，The shareholding ratio shall not exceed 1%。

About 15 strategic investors will be introduced in this mixed reform.，Combined with the actual situation，Proposed Capital Increase and Share Expansion Introduction 5-8（Including investors who participate in equity transfer simultaneously），Introduction of equity transfer 9-12（Including investors who participate in the capital increase simultaneously）。