Sany Heavy Equipment International : COMPLETION OF ISSUE OF THE SUPER & SHORT-TERM COMMERCIAL PAPER IN THE PRC

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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)

COMPLETION OF ISSUE OF THE SUPER & SHORT-TERM

COMMERCIAL PAPER IN THE PRC

This announcement is made by Sany Heavy Equipment International Holdings Company Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

Reference is made to the announcement of the Company dated 8 September 2020, in relation to the proposed issue of the Super & Short-term Commercial Paper (the "SCP") by Sany Heavy Equipment Co., Ltd. ("Sany Heavy Equipment") a wholly-owned subsidiary of the Company.

The board (the "Board") of directors (the "Directors") of the Company is pleased to announce that Sany Heavy Equipment has completed the issue of the SCP with the total principal amount of RMB 500 million on 14 September 2020, at an interest rate of 3.35% per annum and with a maturity period of 270 days. The proceeds from the issue of the SCP will be used as general working capital of Sany Heavy Equipment and repayment of borrowings from financial institutions.

By the order of the Board

Sany Heavy Equipment International Holdings Company Limited

Liang Zaizhong

Chairman

Hong Kong, 14 September 2020

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.