Zoomlion Heavy Industry Science and Technology Co., Ltd. (SZSE:000157) announces a share repurchase program. Under the program, the company will repurchase up to 433,899,611 Class A shares, representing 5% of its issued share capital, for a total cost not exceeding CNY 3,987.54 million. The shares will be repurchased at a price not exceeding CNY 9.19 per share.

The purpose of the program is to enhance investors' confidence in making long-term investment. The repurchased shares will be used for the subsequent implementation of the Employee Incentive Scheme. The program will be funded out of the internal resources of the company.

The program will be valid for a period of 12 months.