XCMG Construction Machinery Co., Ltd. (SZSE:000425) commences share repurchases on July 18, 2024, under the program mandated by shareholders in the Annual General Meeting held on May 22, 2024. As per the mandate, the company is authorized to repurchase up to CNY 300 million. The shares will be repurchased at not more than CNY 8.5 per share. The purpose of the program is to use the repurchased shares to reduce the share capital. The repurchased shares will be cancelled within 10 months from the repurchase completion date. The program will be funded from company's own funds. The authorization will be valid for 12 months.

On July 3, 2024, the company adjusted repurchase price from CNY 8.5 per share to CNY 8.32 per share.