XCMG: Intends to acquire 70 million yuan worth of large bank deposits.

XCMG announced its plan to use its unused funds to purchase at par value the bank large-sum deposits transferred by Xiamen Guomao Capital Group Co., Ltd., with a total principal amount of 70 million yuan. This transaction constitutes a related party transaction, but does not constitute a major asset reorganization, and therefore does not require approval from the shareholders' meeting. In the past 12 months, the total amount of transactions related to the same or different related parties in the same category of transactions does not exceed 75 million yuan.