New Stock News | IPO Prospectus of Sany Heavy Industry's Hong Kong Stock Offering Invalid

The prospectus for the Hong Kong listing submitted by Lingong Heavy Machinery Co., Ltd. (referred to as Lingong Heavy Machinery) on November 6, 2025, is valid for 6 months and expires on May 6, 2026. At the time of submission, CICC and CISI FIN are its joint sponsors. According to the previous prospectus, Lingong Heavy Machinery is a leading global mining equipment and aerial work equipment company, committed to providing intelligent, efficient, and environmentally friendly solutions for global customers through innovation and technology. With deep expertise in mining operations, the company continues to expand its comprehensive operation chain layout. Lingong Heavy Machinery is the first domestic manufacturer to develop electronically controlled mining excavators, known for their high reliability and stability. As of November 1, 2025, Lingong Heavy Machinery's sales network has reached more than 100 countries and regions worldwide, holding significant positions in major markets such as Asia, Europe, Africa, and the Americas. According to Frost & Sullivan, based on revenue in 2024, Lingong Heavy Machinery ranks third among domestic enterprises in the global mining transport equipment and excavator market. It is noteworthy that based on revenue from each year from 2022 to 2024, the company ranks first in the global off-highway wide-body dump truck sector. Based on revenue in 2024, the company ranks first among domestic enterprises in the global new energy mining transport equipment sector.