Sany Heavy Equipment International Holdings Company Limited (Stock Code: 631) and China International Capital Corporation Limited (Stock Code: 3908) reached an agreement on 22 January 2026, under which Sany Heavy Equipment intends to subscribe to financial products offered by CICC and its subsidiaries between 22 January 2026 and 31 December 2027.

Under the terms of this framework agreement, the maximum daily balance of these financial products may total up to RMB2,000,000,000, which includes approximately RMB695,851,000 that Sany Heavy Equipment had previously invested. The directors examined historical funding balances and the group’s operating needs to determine this limit. The expected annual return is capped at RMB240,000,000, referencing a projected average annual rate of return of about 12%.

According to relevant listing regulations, the transaction qualifies as a discloseable transaction because certain percentage ratios exceed 5% but remain below 25%. Sany Heavy Equipment will continue adhering to strict internal controls and monitoring procedures to ensure compliance. The group views this arrangement as a means of enhancing treasury management and maximizing returns on available funds through more flexible investment options, while preserving the ability to adjust or redeem these products as needed.