SANY Heavy Industry (SANY HEAVY IND) has released its 2025 AGM circular detailing multiple capital-management proposals and dividend arrangements.

Dividend proposal • A cash payout of RMB0.18 per share, totalling RMB1.65 billion, is scheduled for payment on or about 22 June 2026, subject to shareholder approval. • The register of members for H shares will close 8-10 June 2026.

Funding and liquidity • The company and its subsidiaries intend to secure comprehensive credit facilities of up to RMB200 billion from partner banks through to the 2026 AGM. • Idle internal funds of up to RMB39 billion may be deployed in low-risk wealth-management products on a rolling 12-month basis. • Derivative hedging limits are set at no more than 100 % of the most recent audited operating revenue, with margin or premium usage capped at 5 % of audited net assets.

ABS issuance • Subsidiary SANY Financial Leasing plans to launch an asset-backed securities (ABS) shelf of up to RMB9 billion, backed by finance-lease receivables. • Parent company SANY Group intends to subscribe to subordinated tranches of up to RMB1 billion.

Corporate actions and governance • Ernst & Young Hua Ming LLP and Ernst & Young are nominated as domestic and overseas auditors for 2026, with combined fees estimated at RMB5.30 million. • A three-year shareholder return plan (2026-2028) commits to cash dividends of at least 5 % of annual distributable profit, with cumulative payouts over any three-year period not less than 30 %. • Directors’ 2025 remuneration assessment totals RMB139.32 million, with the president receiving RMB8.16 million. • Amendments to the remuneration management system for directors and senior management will be tabled.

Key dates • The AGM will be held on 2 June 2026 in Changsha, Hunan. • H-shareholders must lodge proxy forms by 10:00 a.m. on 1 June 2026 and transfer documents by 4:30 p.m. on 27 May 2026 to qualify for meeting attendance.

All resolutions, including the dividend, credit lines, wealth-management investments, hedging mandates and ABS issuance, will be voted on at the forthcoming AGM.