July 10，Zoomlion announced the spin-off of its subsidiary Hunan Zoomlion Intelligent AeriaL Work Machinery Co., Ltd.（Hereinafter referred to as“Zoomlion high machine”）Plan for reorganization and listing（Hereinafter referred to as the plan），The plan is that Luchang Technology will issue shares to 29 shareholders of Zhonglian High Machinery to purchase 100 shares of Zhonglian High Machinery held by them.%Equity，And issue shares to no more than 35 specific targets to raise matching funds.，And then realize the reorganization and listing of Zhonglian High Machine.。After the completion of this transaction，Zhonglian Gaoji will become a wholly-owned subsidiary of Luchang Science and Technology，Zoomlion remains the controlling shareholder of Luchang Technology.。
Capital market enables high-tech development to improve the overall profitability of the company
Introduced in the plan，The pricing benchmark date of the acquisition of assets by issuance of shares is the announcement date of the first board resolution of Luchang Science and Technology to consider the relevant proposals of the transaction.，February 6, 2023。Calculated and negotiated by the parties to the transaction，The issue price is 23..89 yuan/Shares，That is, not less than 80% of the average trading price of Luchang Science and Technology Stock in the 20 trading days before the pricing benchmark.%。Zhonglian Gaoji 100%The transaction price of the equity is 94..2.4 billion yuan。
After the successful implementation of the purchase of assets by issuing shares of Luchang Science and Technology，Intends to raise matching funds by issuing shares to no more than 35 specific targets，The total amount of raised funds shall not exceed 33.500 million yuan。The matching funds raised this time are issued by way of inquiry.，The shares subscribed by the target subscribers shall not be transferred within six months from the date of completion of issuance and listing.。Among，23.500 million yuan will be used to supplement the liquidity of Luchang Science and Technology and Zhonglian Gaoji or repay debts.、1 billion yuan for Mexican production base construction projects。
Zoomlion said in the announcement.，It is expected that after the completion of the spin-off,，From the perspective of performance improvement，The development and innovation of Zhonglian High Machinery will be further accelerated.，The growth of its performance will be reflected in the overall performance of the company.，And then enhance the company's profitability and robustness.；From the perspective of value discovery，The spin-off and listing of Zhonglian High Machinery will help to fully release its intrinsic value.，The equity value of Zhonglian Gaoji held by the company is expected to be further enhanced.，Liquidity will also improve significantly.；From the perspective of structural optimization，The spin-off and listing of Zoomlion will help to further broaden the financing channels.，Improve the overall financing efficiency of the company，Enhance the comprehensive strength of the company。After the completion of this transaction，Zhonglian Gaoji and Luchang Technology will further improve their operating efficiency.，Improve the governance structure，It is conducive to improving the company's overall profitability in the future。In view of this，The company's spin-off, reorganization and listing of Zhonglian High Machinery will have a positive impact on the interests of all shareholders of the company.。
Release the valuation potential of emerging business sectors to maximize the interests of all shareholders
Introduced in the plan，Deepen the main business of machinery and equipment，Promoting the development of aerial work platform plate is one of the purposes of the reorganization and listing of Zhonglian Heavy Branch.。Zoomlion has a leading position in the world in all major business segments.。After the completion of this transaction，Zoomlion and Zoomlion will focus on their respective main business areas、Define the main business structure，It is beneficial for the two companies to better rationalize their business structure.，While promoting the balanced development of different businesses in the Zoomlion system，Strengthen the layout in the emerging field of aerial work platform，Improve the overall asset quality of the company、Enhance the overall profitability of the company。
Secondly，Zhonglian High Machine can use the platform of listed companies to enhance its financial strength.，It is beneficial for Zoomlion to better grasp the critical period of market development at home and abroad.，Improve their own technical level and profitability，Improve the level of transformation of scientific and technological achievements and large-scale production，Consolidate the market position，Achieve leapfrog development。
At the same time，By unleashing the valuation potential of emerging business sectors，Maximize the interests of all shareholders。After the completion of this transaction，It is conducive to optimizing the valuation system of different business sectors of Zoomlion in the capital market.，At the same time, it is conducive to improving the business clarity and financial transparency of Zoomlion.，Zoomlion will rely on its leading position in the industry and strong technical foundation in China. A Shares of related industries to obtain a reasonable level of valuation.，The value of Zoomlion's high-quality assets is fully reflected in the capital market.，Maximize the interests of all shareholders。
Seize the Strategic Development Opportunity to Accelerate the Business of Zoomlion High Machinery
Zhonglian High Machinery has a complete range of products.、Rich varieties and specifications，Product height ranges from 6 m to 72 m。Zoomlion takes the lead in introducing lithium battery series products，Promote the development and technological upgrading of new energy products in the industry。With deep technical strength，Zhonglian High Aircraft Independently Developed 68-meter Straight Arm Aerial Work Platform in 2021，It has broken the long-term monopoly of overseas enterprises in the domestic market of ultra-high altitude work platforms.。2023，Zoomlion Refreshes Working Height of Aerial Work Platform Again，Successful development of 72-meter straight-arm aerial work platform。
By virtue of technology、Products、Service、Leading advantages in talent and other aspects。Zhonglian High Machinery has achieved a rapid breakthrough.，2020、2021、2022 and 2023 1-In April, the operating income of Zhonglian High Machinery was 10..2.8 billion yuan、29.7.8 billion yuan、45.8.3 billion yuan and 18.3.7 billion yuan，Business keeps growing at a high speed，Industry ranking continues to improve，Become the seventh largest manufacturer of AeriaL Work Platforms in the world in 2022。At the same time，In recent years, the overseas market of Zhonglian High Machinery has also achieved rapid growth.，2020-2022，The proportion of overseas sales revenue of Zoomlion is 6.87%、5.17%、17.43%。
In the plan，The Mexican production base project to be built with a fund of 1 billion yuan is also worthy of attention.，The company will promote the overseas localized production of boom and scissor aerial work platform products.，Promote the continued growth of product sales in the Americas.。Through the implementation of the Mexico project，Zhonglian High Machinery will operate efficiently through low cost.，Enhance its overseas product supply capacity and spare parts service support capacity.，Effectively implement the strategic layout of globalization，Consolidate the leading position in the industry，To achieve the continuous improvement of its profitability。
Industry experts said，The spin-off and listing of listed companies is conducive to fostering strategic emerging industries.，Enhance the core competitiveness of subsidiaries。Zoomlion's Spin-off of High Machinery, Reorganization and Listing，Aerial work platform sector will enhance capital strength，In the introduction of talent、Product development、Overseas layout and other aspects will continue to be optimized.，Further expand business layout to achieve rapid breakthroughs，This will help to improve the overall profitability of Zoomlion in the future.。
