On May 13, 2026, XCMG Construction Machinery Co., Ltd. announced that it has received a letter from Xuzhou Construction Machinery Group Co., Ltd., proposing to submit a proposal, regarding applying for the issuance of asset-backed notes, in connection with the 2025 Annual General Meeting of Shareholders scheduled to be held on May 28, 2026. In addition, the Company stated that the content of the temporary proposal falls within the authority of the shareholders' meeting, with clear topics and specific resolutions, and the proposal procedure complies with national laws, regulations, and the Articles of Association, the Board of Directors agrees to submit this temporary proposal to the 2025 Annual General Meeting of Shareholders for review.