Sany Heavy Industry Co.,Ltd (SHSE:600031) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its shares. The shares will be purchased at a price not exceeding CNY 18 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be valid for 6 months.