Core Points - The major shareholder of Taijia Co., Zhonglian Heavy Industry Co., Ltd., plans to reduce its stake in the company by up to 7,552,126 shares, which represents 3% of the total share capital [2] Summary by Category Shareholder Actions - Zhonglian Heavy Industry Co., Ltd. holds 40,447,876 shares in Taijia Co., accounting for 16.07% of the total share capital [2] - The planned reduction includes a maximum of 2,517,375 shares through centralized bidding, representing 1% of the total share capital [2] - Additionally, up to 5,034,751 shares will be sold via block trading, which accounts for 2% of the total share capital [2]

Core Insights - The domestic construction machinery industry has shown a positive trend since 2025, characterized by stable domestic demand and increasing external demand [1] - In the first three quarters of 2023, excavator sales in China reached 174,000 units, marking an 18.1% year-on-year increase [1] - The average working hours for excavators in September were 62.7 hours, slightly down from 63.3 hours in August, with a utilization rate of 54.5% [1] Domestic Market Performance - In September 2023, excavator sales totaled 19,900 units, a year-on-year increase of 25.4%, with domestic sales at 9,249 units (up 21.5%) and exports at 10,600 units (up 29%) [2] - The growth in excavator sales is attributed to a low base effect from the previous year, as both domestic and international demand improved significantly in the third quarter of 2023 [2] - Key drivers for domestic demand include the ongoing release of replacement cycles and large infrastructure projects, with an expected demand for 143,000 units, 195,000 units, and 249,000 units from 2025 to 2027 [2] Overseas Market Performance - Leading companies such as SANY Heavy Industry, XCMG, and Zoomlion reported significant growth in overseas revenues in the first half of 2023, with SANY's overseas revenue reaching 26.302 billion yuan, up 11.72% year-on-year [3] - The demand recovery in developed countries has been stronger than in China, with some overseas clients experiencing revenue growth exceeding 50% [3][4] - Factors contributing to the growth of overseas performance include the recovery of demand in Europe and the U.S., sustained economic growth in emerging markets, and the deepening of global business strategies by leading manufacturers [5]

Core Viewpoint - Hunan Taijia New Materials Technology Co., Ltd. announced a pre-disclosure regarding a major shareholder's plan to reduce their stake in the company [1] Share Reduction Plan Details - The shareholder, Zoomlion Heavy Industry Science and Technology Co., Ltd., plans to reduce its holdings of 40.4479 million shares (16.07% of total shares) within three months starting from November 10, 2025, after a 15 trading day period following the announcement [2] - The reduction will occur through two methods: a maximum of 2.5174 million shares (1% of total shares) via centralized bidding and up to 5.0348 million shares (2% of total shares) through block trading, totaling a maximum reduction of 7.5521 million shares (3% of total shares) [2] - The selling price will be determined based on market conditions [2] Shareholder Situation and Commitment Fulfillment - Zoomlion, as a shareholder holding more than 5%, has committed to not transferring shares within 12 months of the stock's listing and to notify the company in writing before any reduction after the lock-up period [3] - As of the announcement date, Zoomlion has adhered to these commitments without any violations [3]

Core Viewpoint - Zhonglian Heavy Industry Co., Ltd., a shareholder holding 16.07% of Taijia Co., Ltd., plans to reduce its stake in the company through both centralized bidding and block trading methods, indicating a strategic decision by the shareholder [1] Summary by Categories Shareholder Actions - Zhonglian Heavy Industry intends to reduce its holdings by up to 2,517,375 shares through centralized bidding, representing 1% of the total share capital of Taijia [1] - Additionally, it plans to reduce up to 5,034,751 shares via block trading, accounting for 2% of the total share capital [1] - The total proposed reduction amounts to a maximum of 7,552,126 shares, which is 3% of the total share capital of Taijia [1] Reason for Reduction - The reason provided for the reduction is based on the shareholder's own operational decision-making [1]

Core Viewpoint - The major shareholder of Taijia Co., Ltd. (002843), Zoomlion Heavy Industry Science and Technology Co., Ltd. (000157), plans to reduce its stake in the company by up to 7.55 million shares, representing 3% of the total share capital, within three months after 15 trading days [1] Group 1 - Zoomlion holds a 16.07% stake in Taijia Co., Ltd. [1] - The planned share reduction will occur through centralized bidding and block trading methods [1] - The reduction is set to take place within a three-month period following a 15 trading day notice [1]

Core Points - The major shareholder, Zoomlion Heavy Industry Science and Technology Co., Ltd., plans to reduce its stake in Taijia Co., Ltd. by a total of up to 7,552,126 shares, which represents 3% of the company's total share capital [1] Summary by Category - **Shareholder Actions** - Zoomlion intends to reduce its holdings through two methods: a maximum of 2,517,375 shares (1% of total shares) via centralized bidding and up to 5,034,751 shares (2% of total shares) through block trading [1]

Core Insights - The 21st China International Fire Equipment Technology Exchange Exhibition was held in Beijing from October 13 to 16, attracting over 1,200 exhibitors from more than 40 countries and regions, with a record number of overseas guests [1][2] - The exhibition showcased significant advancements in emergency rescue equipment, with many companies launching globally debut products, highlighting China's growing technological strength in this field [1][2] Company Highlights - SANY Emergency Equipment Company presented 26 emergency rescue products and achieved a Guinness World Record for the highest water spray height of 159.66 meters with its JP100 fire truck [1][2] - XCMG Fire exhibited five new "firefighting heavyweights," including the industry's first unmanned turbofan fire truck, while Zoomlion showcased over 20 products, with 14 being global debuts [1][2] - The JP100 fire truck can effectively address fire emergencies in buildings over 100 meters tall, which is significant given that there are over 5,000 buildings in China exceeding this height [1][2] Market Insights - According to WENKH research, the global market for fire emergency rescue equipment is projected to reach 50.344 billion yuan by 2025, although China's export scale has remained around 200 million yuan in recent years [2][3] - The average price of related products in China is approximately 500,000 yuan, indicating potential for growth in both market share and pricing strategy [2][3] Industry Outlook - There is a recognition that China's fire emergency rescue equipment still lacks sufficient global influence, particularly regarding product standards and entry barriers [3] - The exhibition fostered confidence among Chinese companies, as interactions with overseas buyers indicated a strong interest in "Chinese solutions" for emergency rescue needs [3] - Buyer delegations from countries such as Argentina, Egypt, India, South Korea, Russia, Turkey, and Kenya engaged in discussions with Chinese exhibitors regarding technology introduction and equipment procurement [3]

格隆汇10月16日丨中联重科(01157.HK)公布，将于2025年10月30日(星期四)召开董事会，以考虑及批准 (其中包括)公司及其附属公司截至2025年9月30日止九个月的前三季度未经审核业绩。 ...

格隆汇10月16日丨中联重科(01157.HK)公布，将于2025年10月30日(星期四)召开董事会，以考虑及批准 (其中包括)公司及其附属公司截至2025年9月30日止九个月的前三季度未经审核业绩。 ...

Zoomlion Heavy Industry Science and Technology Co., Ltd.* 中聯重科股份有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告的全部或任何部份內容而產生或因 倚賴該等內容而引致的任何損失承擔責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1157） 持股計劃（第二期）－第二個鎖定期屆滿 茲提述中聯重科股份有限公司（「本公司」）於2023年9月11日發出的通函（「該通 函」）及本公司分別於2023年9月27日及2024年10月16日發出的公告（「該等公 告」）。除非另有界定，否則本公告所用詞彙與該通函及該等公告所界定者具有相 同涵義。 背景 2023年9月27日，持股計劃（第二期）於股東大會上獲股東批准，並獲本公司採 納。如該通函所述，持股計劃（第二期）持有的A股會分三批次鎖定和解鎖，具體 如下：(i)第一個鎖定期屆滿時，即自生效日起算12個月，解鎖40%，(ii)第二個 鎖定期屆滿時，即自生效日起算24個月，解鎖30%，以及(iii)第三個鎖定期屆 ...