Sany Heavy Equipment International Holdings Company Limited (Stock Code: 631) released details regarding its 2025 continuing connected transactions. These arrangements primarily stem from two sets of framework agreements: the 2025 Liang Wengen Agreements and the 2025 Sany Heavy Agreements, covering a wide range of operations such as procurement, sales, operational support, and after-sales services.

The company indicates that these framework agreements aim to streamline resource use, maintain supply stability, and support business expansion in areas including energy equipment, lithium battery energy storage products, and transportation logistics. New annual caps have been proposed for each major category of transactions—such as purchases, sales agency, product sales, after-sales services, leasing, and water and electricity purchases—reflecting anticipated demand increases in the Group’s new-energy-related businesses.

Management explains that the rationale for entering into or renewing these agreements involves leveraging established logistical networks, achieving cost-effective procurement, and ensuring stable supplies. By sharing digital management resources and expertise across various entities under the controlling shareholder group, the Group expects to benefit from scale efficiencies and accelerate integration in new business lines.

These continuing connected transactions will be subject to customary internal review measures to ensure terms remain fair and reasonable. Where required, the agreements and their annual caps will proceed to independent shareholders for approval, with the goal of sustaining the Group’s market operations and supporting its strategic expansion into emerging energy equipment sectors.