tekken3arcade| Sany International plans to sell its interests in Sany Robot for 45.5 million yuan

Sany International (00631) announcedtekken3arcade, on May 14, 2024tekken3arcade, Sany Heavy Equipment (a wholly-owned subsidiary of the company) entered into an agreement with Sany Group, and Sany Heavy Equipment plans to sell Sany Robot 45 to Sany Grouptekken3arcade.5% equity, Changsha Zhiding (holds 15% equity in Sany Robot) 99tekken3arcade.9% equity in Changsha Zhiqiang (holding 15% equity in Sany Robot) and 82.13% equity in Changsha Zhiqiang (holding 15% equity in Sany Robot), with a total consideration of RMB 45.5 million. It is estimated that the group will achieve a gain of approximately RMB14.3 million from the disposal.

As of the date of this announcement, Changsha Zhiding and Changsha Zhiqiang, as platforms where Sany Robot employees hold equity in Sany Robot, have no business since their establishment, and Changsha Zhiding and Changsha Zhiqiang have not paid up their registered capital in full. As a result, neither company has recorded any income or expenses since its establishment.