SANY HEAVY IND (06031): Partial Exercise of Over-Allotment Option, Price Stabilization Actions, and End of Stabilization Period

Stock News11-23

SANY HEAVY IND (06031) announced that the overall coordinators (acting for themselves and on behalf of the international underwriters) partially exercised the over-allotment option as described in the prospectus on November 22, 2025 (Saturday), involving a total of 89,015,600 H shares, representing approximately 14.09% of the total number of shares initially available for subscription under the global offering before any over-allotment option was exercised. The over-allotment shares will be issued and allotted by the company at HKD 21.30 per H share (the offer price per H share under the global offering, excluding 1.0% brokerage commission, 0.0027% SFC trading levy, 0.00015% FRC transaction levy, and 0.00565% SEHK trading fee).

In accordance with Section 9(2) of the Securities and Futures (Price Stabilization) Rules (Chapter 571W of the Hong Kong Laws), the company declared that the stabilization period for the global offering ended on November 22, 2025 (Saturday), which is the 30th day after the deadline for submitting applications under the Hong Kong public offering.

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