Sany Heavy Industry (06031): Sany Leasing plans to apply for the registration and issuance of asset-backed securities totaling no more than 9 billion yuan.

Sany Heavy Industry (06031) announces that in order to revitalize existing assets and broaden financing channels, Sany Heavy Industry Co., Ltd (referred to as "the Company") plans to apply for the registration and issuance of asset-backed securities (ABS) with a total value not exceeding 9 billion yuan through its controlling subsidiary Sany Financing Leasing Co., Ltd (referred to as "Sany Leasing"). The proposed ABS includes senior asset-backed securities and subordinate asset-backed securities, with the Company's controlling shareholder, Sany Group Co., Ltd (referred to as "Sany Group"), intending to subscribe to all subordinate asset-backed securities (with a total subscription amount not exceeding 1 billion yuan), making this transaction constitute a related party transaction.