Sany Heavy Equipment International : APPOINTMENT OF AN EXECUTIVE DIRECTOR RESIGNATION OF A NON-EXECUTIVE DIRECTOR CHANGE OF CHAIRMAN OF THE BOARD CHANGE OF MEMBERS OF NOMINATION COMMITTEE AND STRATEGIC INVESTMENT COMMITTEE CHANGE OF AN AUTHORIZED REPRESENTATIVE

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SANY HEAVY EQUIPMENT INTERNATIONAL

HOLDINGS COMPANY LIMITED 三 一 重 裝 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 631)

APPOINTMENT OF AN EXECUTIVE DIRECTOR

RESIGNATION OF A NON-EXECUTIVE DIRECTOR

CHANGE OF CHAIRMAN OF THE BOARD

CHANGE OF MEMBERS OF NOMINATION COMMITTEE AND

STRATEGIC INVESTMENT COMMITTEE

CHANGE OF AN AUTHORIZED REPRESENTATIVE

APPOINTMENT OF AN EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors") of Sany Heavy Equipment International Holdings Company Limited (the "Company", together with its subsidiaries, the "Group") announces that Mr. Liang Zaizhong ("Mr. Liang") has been appointed as an executive Director, the chairman of the Board, the chairman of the nomination committee (the "Nomination Committee") of the Company and the strategic investment committee (the "Strategic Investment Committee") of the Company with effect from 21 October 2019.

Mr. Liang Zaizhong ( 梁在中), aged 35, was appointed as an executive Director of the Company,

the chairman of the Board, the chairman of the Nomination Committee and the Strategic Investment Committee on 21 October 2019. Mr. Liang joined Sany Group Co., Ltd.* ( 三一集團有限公司) ("Sany

Group") in June 2006. During the period from June 2006 to January 2007, he acted as dispatcher of the manufacturing department of Sany Automobile Manufacturing Co., Ltd.* ( 三一汽車製造有限公

司) ("Sany Automobile Manufacturing"), a subsidiary of Sany Group. During the period from January 2007 to October 2010, Mr. Liang held various management positions in the financial operations of Sany Group, including the deputy supervisor of the fund settlement center, the deputy general manager of the general department of finance and the director of the general department of finance. Mr. Liang acted as the vice president of Sany Group and the general manager of Sany Automobile Manufacturing during the period from October 2010 to December 2011. During the period from December 2011 to March 2016,

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Mr. Liang held various key positions in Sany Group, including the manufacturing business director, the

investment director and the process informatization director. In March 2016, Mr. Liang took the lead to establish Long Property & Casualty Insurance Co., Ltd.* ( 久隆財產保險有限公司) ("Long Insurance") and Hunan Sanxiang Bank Co., Ltd.* ( 湖南三湘銀行股份有限公司) ("Sanxiang Bank"), and acted as

a director, the vice chairman of the board of Long Insurance during the period from March 2016 to June

2019, while serving as the chairman of the board of Sanxiang Bank from December 2016 to June 2019. Mr. Liang has also acted as a director of Sany Heavy Industry Co., Ltd.* ( 三一重工股份有限公司)

("Sany Heavy Industry"), which is listed on Shanghai Stock Exchange (stock code: 600031) and a non- wholly owned subsidiary of Sany Group since January 2010, a director and the senior vice president of

Sany Group since December 2011 and president of the board of Rootcloud Technology Co., Ltd.* ( 樹 根互聯技術有限公司) since June 2016. In December 2013, Mr. Liang took the lead to establish Sany Foundation* ( 北京三一公益基金會) and served as the president of Sany Foundation during the period

from December 2013 to March 2019. Mr. Liang has been serving as the executive vice president of Relay China Foundation* ( 北京接力公益基金會) since February 2019 and a member of Leping Social Entrepreneur Foundation* ( 北京樂平公益基金會) since April 2019. Mr. Liang obtained a bachelor's

degree in computer and management sciences from the University of Warwick in June 2006 and a master's degree in public administration in international development from the John F. Kennedy School of Government at Harvard University in June 2014.

Mr. Liang has entered into a service contract (the "Service Contract") with the Company on 21 October 2019 for a term of three years, subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company. Under the Service Contract, the Director service fees payable to Mr. Liang is RMB900,000 per year, which is determined by reference to, among other things, his duties and responsibilities with the Company.

Save as disclosed herein, Mr. Liang held no other directorships in any listed public companies in the last three years and Mr. Liang has not held any other positions with the Company and its subsidiaries. Mr. Liang Zaizhong is the son of Mr. Liang Wengen, the Group's controlling shareholder. Save as disclosed, Mr. Liang does not have any relationship with any other Directors, senior management, substantial shareholders (as defined in the Listing Rules) or controlling shareholders (as defined in the Listing Rules) of the Company. Mr. Liang had no interest in any shares or underlying shares of the Company pursuant to Part XV of the SFO. Save as disclosed, there is no other information relating to Mr. Liang that is required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"), and there is no other matter which needs to be brought to the attention of the shareholders of the Company.

CHANGE OF CHAIRMAN OF THE BOARD AND CHANGE OF CHAIRMAN OF NOMINATION COMMITTEE AND STRATEGIC INVESTMENT COMMITTEE

Mr. Qi Jian was re-designated as the vice chairman of the Board and remained as the chief executive officer.

Mr. Qi Jian ceased to be the chairman of the Nomination Committee and the Strategic Investment Committee but remained as a member of the Strategic Investment Committee.

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RESIGNATION OF MR. MAO ZHONGWU

Mr. Mao Zhongwu ("Mr. Mao") has resigned as a non-executive Director, a member of the Strategic Investment Committee and one of the authorized representatives with effect from 21 October 2019 due to other business arrangement.

The Board and Mr. Mao confirm that they have no disagreement with each other and that there is no matter relating to Mr. Mao's resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

CHANGE OF AUTHORIZED REPRESENTATIVE

Since Mr. Mao Zhongwu resigned as one of the authorized representatives, Mr. Qi Jian, the executive Director of the Company, will be appointed as the authorized representative with effect from 21 October 2019.

• for reference only

By the Order of the Board

Sany Heavy Equipment International Holdings Company Limited

Liang Zaizhong

Chairman

Hong Kong, 21 October 2019

As at the date of this announcement, the executive Directors are Mr. Liang Zaizhong, Mr. Qi Jian, Mr. Fu Weizhong and Mr. Zhang Zhihong, the non-executive Directors are Mr. Tang Xiuguo and Mr. Xiang Wenbo, and the independent non-executive Directors are Mr. Ng Yuk Keung, Mr. Poon Chiu Kwok and Mr. Hu Jiquan.

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