XCMG Machinery’s controlling shareholder additional purchase plan is over half complete: has spent 70 million yuan to buy 6.2051 million shares, completing 87% of the plan’s lower limit.

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On March 26, 2026, XCMG Group Engineering Machinery Co., Ltd. (hereinafter referred to as “XCMG Machinery”) released an announcement on the progress of a controlling shareholder shareholding increase plan, disclosing the implementation status of its controlling shareholder, Xuzhou Construction Machinery Group Co., Ltd. (hereinafter referred to as “XCMG Group”), at the time when the shareholding increase plan had passed the halfway point. The announcement shows that XCMG Group has cumulatively increased its holdings of the company’s shares by 6.2051 million shares, spending approximately RMB 70 million, and has completed 87.44% of the lower limit of the original plan.

The shareholding increase plan has passed the halfway point: nearly RMB 70 million has been implemented

According to the announcement, XCMG Group launched the shareholding increase plan on December 26, 2025, intending to increase its holdings of the company’s shares in the next 6 months through the trading system of the Shenzhen Stock Exchange (including methods such as block trading and other means via centralized bidding), with an amount of not less than RMB 80 million and not more than RMB 160 million. As of March 25, 2026, the plan’s time had already passed the halfway point.

As disclosed in the announcement, during this period, XCMG Group increased its holdings of the company’s shares by 6.2051 million shares in total through centralized bidding transactions, accounting for 0.053% of the company’s total share capital. The transaction amount for the shareholding increase was RMB 69.9495 million (excluding transaction fees), and the average price of the shares increased was RMB 11.27 per share. Based on the original plan’s lower limit of RMB 80 million, it has currently completed 87.44%; based on the upper limit of RMB 160 million, the completion ratio is 43.72%.

Shareholding ratio increased to 21%

After this shareholding increase, the number and proportion of shares held by XCMG Group changed. Specifically:

The announcement shows that before the shareholding increase, XCMG Group held 2.461 billion shares of the company, accounting for 20.94% of the total share capital; after the shareholding increase, its shareholding number increased to 2.467 billion shares, and the shareholding proportion rose to 21.00%.

Purpose of the shareholding increase: fulfill commitments and show firm confidence

In the announcement, XCMG Group stated clearly that the purpose of this shareholding increase is to fulfill the shareholding increase commitment under the 《Global Investors’ Three-Year Return Plan (2025-2027)》, while also based on its firm confidence in the future development prospects of XCMG Machinery and recognition of its long-term value, so as to promote the company’s ongoing, stable, and healthy development, protect the interests of shareholders, and enhance investors’ confidence.

The announcement also emphasizes that within the 12 months prior to the announcement of this shareholding increase plan, XCMG Group had not disclosed any other shareholding increase plans, and there was no share reduction behavior in the first 6 months; during the period of the shareholding increase and within the statutory time limit, XCMG Group committed not to reduce its shares, and will complete this shareholding increase plan within the 6-month period.

Follow-up plan and risk warning

According to the announcement, the remaining implementation period for this shareholding increase plan is about 3 months (from March 26, 2026 to June 25, 2026). If during this period the company’s stock is suspended from trading, the shareholding increase period may be extended accordingly. XCMG Machinery stated that it will continue to pay attention to XCMG Group’s subsequent shareholding increase progress and will promptly fulfill its information disclosure obligations.

Regarding potential risks, the announcement states that this shareholding increase plan may fail to reach the expected outcomes due to factors such as changes in the securities market, etc. However, XCMG Group has committed to comply with relevant regulations of the CSRC and the Shenzhen Stock Exchange, and will not engage in insider trading, trading during sensitive periods, short-term trading, or other such behaviors.

Impact on the company: stable equity structure and strengthened market confidence

The announcement points out that the implementation of this shareholding increase plan will not result in the company’s distribution of share capital not meeting listing conditions, and will not change the position of the company’s controlling shareholder and actual controller. It will have no adverse impact on the company’s corporate governance structure and ongoing operations. Market analysis believes that the controlling shareholder has already completed most of the lower-limit shareholding increase when the plan passed the halfway point, showing its confidence in the company’s fundamentals, and it is expected to further stabilize market expectations.

XCMG Machinery’s board of directors stated that it will strictly follow the requirements of relevant laws and regulations, and promptly disclose the subsequent progress of the shareholding increase plan.

Statement: There are risks in the market; invest with caution. This article is automatically published by an AI large-scale model based on third-party databases and does not represent Sina Finance’s viewpoint. Any information appearing in this article is for reference only and does not constitute personal investment advice. In case of any discrepancy, please refer to the actual announcement. If you have any questions, please contact biz@staff.sina.com.cn.

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Editor: Xiaolang Express