Construction machinery: jointly establish a joint venture company with Hengda Intelligent Control.

Construction Machinery Announcement: The company plans to jointly establish Shaanxi Shenmei Hengda Intelligent Control Technology Co., Ltd. with Zhengzhou Hengda Intelligent Control Technology Co., Ltd. The registered capital of the joint venture company is 100 million yuan, with Construction Machinery contributing 51% of the subscribed capital of 51 million yuan, and holding a 51% stake; Hengda Intelligent Control contributes 49 million yuan of the subscribed capital of 49 million yuan, and holds a 49% stake. This move aims to accelerate industrial restructuring, focus on the research and development and manufacturing of intelligent mining control systems and core components, and provide comprehensive, safe, reliable, and efficient solutions for intelligent mining control systems.