Sany Heavy Industry (06031) holding subsidiary plans to establish a special program and issue asset-backed securities.

Sany Heavy Industry (06031) announced that on March 30, 2026, the board of directors of the company decided to establish an asset-backed special plan through its holding subsidiary Sany Financing Leasing Co., Ltd., and to apply for the registration and issuance of financing leasing asset-backed securities with a total amount not exceeding RMB 9 billion. Under the special plan, Sany Leasing intends to use the financing leasing receivables and related collateral rights generated in its operations as underlying assets. The shelf size of the special plan will not exceed RMB 9 billion and can be issued in one or multiple tranches. The proposed ABS includes senior ABS and subordinate ABS, which can be issued in a follow-on or non-follow-on issuance mode. Specific details will be subject to the actual establishment of the special plan. In addition, the company's controlling shareholder Sany Group Co., Ltd. intends to subscribe for all subordinate ABS issued under the proposed ABS (aggregate subscription amount not exceeding RMB 1 billion). The company intends to serve as the liquidity shortfall payment obligor, firmly committing to make up the shortfall in funds in the special plan account when it is insufficient to pay the relevant taxes and expenses of the special plan, as well as the expected returns of the senior ABS.