XCMG Finance Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 1,500,000,000 on March 7, 2023. The transaction will include participation from returning investor XCMG Construction Machinery Co., Ltd. The transaction has been approved at the 6th session of the company's 9th directorate. The registered capital of the company is CNY 2,000,000,000.