Sany International Expands Its Business Territory and Acquires Sany Technology and Equipment to Enter Lithium Power Equipment Industry

After the last trading day of 2022，Sany Group's Hong Kong-listed company, Sany International（00631.HK）Issue an announcement，Sany Heavy Equipment Co., Ltd., a wholly-owned subsidiary of the Company（Hereinafter“Sany heavy equipment”）Signed a purchase agreement with Sany Group，To be paid in cash at RMB0..Purchase Sany technical equipment from Sany Group for 95 yuan、Changsha Wright、Partial equity of Changsha Feiling，So as to indirectly obtain about 95% of Sany technical equipment%Equity interest in。This marks that Sany International will acquire the lithium battery equipment assets of Sany Group.，Expand the business territory，Formally enter the new energy lithium power equipment industry，Not only for the company to add new performance growth point，It is also an important step for Sany International to implement the electric strategy.。

According to the announcement， Prior to this acquisition，Sany Technology and Equipment is owned by Sany Group%、Changsha Wright owns 15%And Changsha Feiling owns 15%。Changsha Wright is 99% owned by Sany Group.90%，Changsha Feiling is owned by Sany Group for approximately 66..7533%。Upon completion of the Acquisition，Sany technical equipment will be reinstalled by Sany.、Changsha Laite and Changsha Feiling have 70.%、15%And 15%。Changsha Wright will be owned by Sany Heavy Equipment 99.9%，Changsha Feiling will be owned by Sany Heavy Equipment 66..7533%。The financial results of the three enterprises will be consolidated into the financial statements of Sany International.。

The announcement shows，Sany Technology and Equipment was established in 2021.，Mainly engaged in research and development of new energy battery equipment、Manufacturing and sales。At present, the first 3 has been completed.GwHProduction line of power lithium battery，Have and master manufacturing 3GwHCore Technology of Battery Production Line，All 34 types of equipment in the production line are independently developed.、Independent production，Ability to provide comprehensive solutions for lithium battery production line。At present，Sany Technology and Equipment has applied for 359 patents for new energy battery equipment.，With a R & D team of more than 300 people，Of which about 38%Master's degree or above in related field，And there are 40%Rich experience in lithium battery industry。As of November 30, 2022，Sany Technical Equipment sells lithium battery modules.PACKThe line has earned about 5.5 million yuan.。

In recent years，The global demand for power batteries has increased significantly.，Power batteries will continue to be scarce in the next three years.，Battery capacity expansion will continue to drive the lithium battery equipment industry。So，The board of directors of the company considers that，Sany technical equipment is widely recognized by the market.，There will be a broader market space.。What's more,，Sany International has rich experience in electric products.，Continuous research and development for product electrification upgrade，For example, the development of replaceable wide-body Vehicles and a full range of electric logistics equipment products.。The company focuses on core requirements such as efficiency and reliability，And has been develope with respect to energy conservation,、Many key technologies such as battery charging and power exchange。So，The board of directors of the company considers that，Sany Technology and Equipment has a high degree of consistency and compatibility with the Company's existing business.，It is beneficial for the company to accelerate the implementation of the electric strategy and develop the new energy equipment business.。

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