徐工集团工程机械股份有限公司 独立董事提名人声明与承诺 提名人 徐工集团工程机械股份有限公司董事会 现就提名 耿成轩为徐工集团工程机械股份有限公司第十届董事会独立董 事候选人发表公开声明。被提名人已书面同意作为徐工集团工 程机械股份有限公司第十届董事会独立董事候选人（参见该独 立董事候选人声明）。本次提名是在充分了解被提名人职业、 学历、职称、详细的工作经历、全部兼职、有无重大失信等不 良记录等情况后作出的，本提名人认为被提名人符合相关法律、 行政法规、部门规章、规范性文件和深圳证券交易所业务规则 对独立董事候选人任职资格及独立性的要求，具体声明并承诺 如下事项： 一、被提名人已经通过徐工集团工程机械股份有限公司第 九届董事会提名委员会或者独立董事专门会议资格审查，提名 人与被提名人不存在利害关系或者其他可能影响独立履职情形 的密切关系。 是 □ 否 如否，请详细说明： 二、被提名人不存在《中华人民共和国公司法》第一百七 十八条等规定不得担任公司董事的情形。 是 □ 否 如否，请详细说明： - 1 - 三、被提名人符合中国证监会《上市公司独立董事管理办 法》和深圳证券交易所业务规则规定的独立董事任职资格和条 ...

徐工集团工程机械股份有限公司 独立董事候选人声明与承诺 声明人 耿成轩 作为徐工集团工程机械股份有限公司第十 届董事会独立董事候选人，已充分了解并同意由提名人徐工集 团工程机械股份有限公司董事会提名为徐工集团工程机械股份 有限公司（以下简称该公司）第十届董事会独立董事候选人。 现公开声明和保证，本人与该公司之间不存在任何影响本人独 立性的关系，且符合相关法律、行政法规、部门规章、规范性 文件和深圳证券交易所业务规则对独立董事候选人任职资格及 独立性的要求，具体声明并承诺如下事项： 一、本人已经通过徐工集团工程机械股份有限公司第九届 董事会提名委员会或者独立董事专门会议资格审查，提名人与 本人不存在利害关系或者其他可能影响独立履职情形的密切关 系。 是 □ 否 如否，请详细说明： 二、本人不存在《中华人民共和国公司法》第一百七十八 条等规定不得担任公司董事的情形。 是 □ 否 如否，请详细说明： 三、本人符合中国证监会《上市公司独立董事管理办法》 和深圳证券交易所业务规则规定的独立董事任职资格和条件。 是 □ 否 - 1 - 如否，请详细说明： 四、本人符合该公司章程规定的独立董事任职条件。 是 □ 否 如否， ...

徐工集团工程机械股份有限公司 独立董事提名人声明与承诺 提名人 徐工集团工程机械股份有限公司董事会 现就提名 况世道为徐工集团工程机械股份有限公司第十届董事会独立董 事候选人发表公开声明。被提名人已书面同意作为徐工集团工 程机械股份有限公司第十届董事会独立董事候选人（参见该独 立董事候选人声明）。本次提名是在充分了解被提名人职业、 学历、职称、详细的工作经历、全部兼职、有无重大失信等不 良记录等情况后作出的，本提名人认为被提名人符合相关法律、 行政法规、部门规章、规范性文件和深圳证券交易所业务规则 对独立董事候选人任职资格及独立性的要求，具体声明并承诺 如下事项： 一、被提名人已经通过徐工集团工程机械股份有限公司第 九届董事会提名委员会或者独立董事专门会议资格审查，提名 人与被提名人不存在利害关系或者其他可能影响独立履职情形 的密切关系。 是 □ 否 如否，请详细说明： 二、被提名人不存在《中华人民共和国公司法》第一百七 十八条等规定不得担任公司董事的情形。 是 □ 否 四、被提名人符合公司章程规定的独立董事任职条件。 是 □ 否 如否，请详细说明： 五、被提名人已经参加培训并取得证券交易所认可的相关 培训证 ...

徐工集团工程机械股份有限公司 独立董事提名人声明与承诺 提名人 徐工集团工程机械股份有限公司董事会 现就提名 杨林为徐工集团工程机械股份有限公司第十届董事会独立董事 候选人发表公开声明。被提名人已书面同意作为徐工集团工程 机械股份有限公司第十届董事会独立董事候选人（参见该独立 董事候选人声明）。本次提名是在充分了解被提名人职业、学 历、职称、详细的工作经历、全部兼职、有无重大失信等不良 记录等情况后作出的，本提名人认为被提名人符合相关法律、 行政法规、部门规章、规范性文件和深圳证券交易所业务规则 对独立董事候选人任职资格及独立性的要求，具体声明并承诺 如下事项： 一、被提名人已经通过徐工集团工程机械股份有限公司第 九届董事会提名委员会或者独立董事专门会议资格审查，提名 人与被提名人不存在利害关系或者其他可能影响独立履职情形 的密切关系。 是 □ 否 如否，请详细说明： 二、被提名人不存在《中华人民共和国公司法》第一百七 十八条等规定不得担任公司董事的情形。 是 □ 否 如否，请详细说明： - 1 - 三、被提名人符合中国证监会《上市公司独立董事管理办 法》和深圳证券交易所业务规则规定的独立董事任职资格和条 件 ...

证券代码：000425 证券简称：徐工机械 公告编号：2025-99 徐工集团工程机械股份有限公司 关于召开 2026 年第一次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、召开会议的基本情况 （一）股东会届次：2026年第一次临时股东会。 （二）股东会召集人：公司董事会，公司第九届董事会第四 十三次会议（临时）决定召开。 （三）会议的召开符合《公司法》《深圳证券交易所股票上 市规则》《深圳证券交易所上市公司自律监管指引第1号——主 板上市公司规范运作》和公司《章程》的有关规定。 （四）会议召开的日期和时间 现场会议召开时间为：2026年1月15日（星期四）下午3:30； 网络投票时间为：2026年1月15日（星期四）具体如下： 通过深圳证券交易所交易系统进行网络投票的具体时间为： 2026 年1月15 日的交易时间，即9:15—9:25 ，9:30—11:30和 13:00—15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为： 2026年1月15日9:15—15:00。 （五）会议的召开方式 本次股东会采取会议现场投票和网 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 徐工集团工程机械股份有限公司（以下简称"公司"或"徐 工机械"）第九届董事会第四十三次会议（临时）通知于 2025 年 12 月 26 日（星期五）以书面方式发出，会议于 2025 年 12 月 29 日（星期一）以非现场的方式召开。公司董事会成员 9 人， 出席会议的董事 9 人，实际行使表决权的董事 9 人：杨东升先 生、孙雷先生、陆川先生、邵丹蕾女士、夏泳泳先生、田宇先 生、耿成轩女士、况世道先生、杨林先生。公司高级管理人员 列席了会议。本次会议的召集、召开和表决程序符合有关法律、 法规和公司《章程》的规定，会议形成的决议合法有效。 二、董事会会议审议情况 本次会议以记名方式投票表决，审议通过以下事项： （一）关于公司董事会换届暨选举第十届董事会非独立董 事的议案 公司第十届董事会由 9 名董事组成，其中非独立董事 5 人， 职工代表董事 1 人，独立董事 3 人。经公司股东推荐，公司第 九届董事会提名委员会资格审查，提名杨东升先生、孙雷先生、 陆川先生、邵丹蕾女士、田宇先生为公司第 ...

Core Viewpoint - XCMG Machinery is positioned as a leading player in China's construction machinery sector, with significant benefits from mixed-ownership reform and enhanced global competitiveness, indicating a potential revaluation of its value [1] Group 1: Market Position and Performance - According to the Yellow Table 2025 rankings, XCMG Group is projected to hold a global market share of 5.4% by 2025, ranking fourth globally and maintaining its position as the number one in China [1] - The company's return on equity (ROE) has consistently ranked among the top in the industry, with a forecasted ROE of 10.4% for 2024 [1] - Profitability is on the rise, with the net profit margin increasing from 4.6% in 2022 to 7.8% in the first three quarters of 2025 [1] Group 2: Growth Drivers - The upward cycle in the construction machinery sector is supported by both domestic and overseas demand, with export growth driven by increased market share abroad and infrastructure demands in emerging markets such as Africa and Latin America [1] - The demand from the mining sector is also contributing positively to the company's growth [1] Group 3: Incentives and Future Outlook - The company has initiated a stock option and restricted stock incentive plan, with the first grant date set for December 25, 2025, involving 4,545 employees, which represents 16% of the total workforce for 2024 [1] - The total number of shares granted in this plan is 420 million, accounting for approximately 3.6% of the company's current total share capital, marking the largest equity incentive grant in the history of the A-share machinery industry [1] - The company aims to become a global leader in construction machinery, with overseas operations and mining machinery business identified as key growth areas [1]

Investment Rating - The investment rating for the company is "Buy" (maintained) [9] Core Views - The company is moving towards becoming a global leader in the engineering machinery sector, with the largest stock incentive plan in A-share history being granted for the first time. The controlling shareholder has increased its stake, and the benefits of mixed ownership reform are becoming evident. The quality of assets is improving, and future growth is expected to come from overseas and mining machinery businesses [1][3]. Summary by Relevant Sections Company Overview - XCMG Machinery is recognized as a leading player in China's engineering machinery sector, ranking fourth globally with a market share of 5.4% as of 2025, and maintaining its position as the largest in China. The company's return on equity (ROE) is projected to be 10.4% in 2024, with a continuous improvement in profitability, as evidenced by an increase in net profit margin from 4.6% in 2022 to 7.8% in the first three quarters of 2025 [1]. Market Expectations - The market is concerned about insufficient demand from the downstream real estate sector and the adequacy of infrastructure funding, which has led to sustained pressure on operating rates and new machine sales [2]. Growth Drivers - The engineering machinery cycle is on an upward trend, driven by domestic demand from agriculture, municipal projects, and mining machinery breakthroughs. The company has signed a strategic cooperation agreement with Fortescue River Group to provide 150-200 electric mining trucks, marking a significant step in green mining equipment exports. The company has also deepened cooperation with major overseas mining clients [4][5]. Stock Incentive Plan - The company has launched the largest stock incentive plan in A-share history, with the first grant date set for December 25, 2025. A total of 4.2 million shares, representing 3.6% of the current share capital, will be granted to 4,545 employees, accounting for 16% of the total workforce [4][17]. Shareholder Confidence - The controlling shareholder, XCMG Group, plans to increase its stake in the company by investing between RMB 80 million and RMB 160 million within six months starting December 26, 2025. The first purchase involved 1.7795 million shares at an average price of RMB 11.22 per share [5]. Financial Projections - Revenue forecasts for 2025-2027 are projected at RMB 104 billion, RMB 121.6 billion, and RMB 142.6 billion, respectively, with year-on-year growth rates of 13%, 17%, and 17%. Net profit attributable to shareholders is expected to reach RMB 6.8 billion, RMB 8.8 billion, and RMB 11 billion, reflecting growth rates of 13%, 30%, and 25% [14][16].

Mergers and Acquisitions - Huasoft Technology plans to acquire 67% stake in Shandong Lain Optoelectronics, which focuses on the R&D, production, and sales of safety light curtains and related products [1] - TCL Technology's subsidiary TCL Huaxing successfully acquired 80% stake in Fujian Zhaoyuan Optoelectronics and related debts for a total price of 490 million yuan [2] Shareholding Changes - XCMG Machinery's controlling shareholder plans to increase its stake in the company by no less than 80 million yuan and no more than 160 million yuan within six months starting from December 26, 2025 [3] - Chipone Technology's shareholder, the National Integrated Circuit Industry Investment Fund, plans to reduce its stake by up to 1.7%, amounting to a maximum of 893.96 million shares [4] - Huachen Equipment's actual controllers plan to reduce their stake by up to 2%, totaling a maximum of 507.08 million shares within three months after the announcement [5] Investment Agreements - Jinjiang Shipping plans to invest no more than 1.94 billion yuan to build 4+4 container ships with a capacity of 1800 TEU [6] - Zhiguang Electric's subsidiary signed a sales contract worth 119 million yuan for high-voltage cascade energy storage systems [7] - Chalco International signed a project contract worth approximately 14 billion yuan with an overseas client, with no related party relationships involved [8] Regulatory Issues - Pairui Co. is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure, with issues related to revenue recognition in a sales contract [9] - *ST Chang Pharmaceutical is facing a potential major illegal delisting due to false financial reporting from 2021 to 2023, which inflated revenue and profit figures [10]

Major Announcements - Daye Co., Ltd. states that its robotic tendon products are not yet in mass production and have not generated substantial revenue [9] - Shandong Road and Bridge's subsidiary won a construction project for the Yiyuan to Zoucheng expressway with a total bid price of approximately 94.02 billion yuan [14][15] - ST Chang Pharmaceutical's stock will be subject to a delisting risk warning starting December 29, 2025, due to negative net assets and false reporting in annual reports from 2021 to 2023 [8] Company Specific Updates - Yongding Co., Ltd. clarifies that it does not directly manufacture controllable nuclear fusion devices but provides materials for the winding of magnetic coils; its revenue from related activities is less than 1% of total revenue and is currently unprofitable [1] - Reascend Technology reports that it has no current orders for high-silicon oxide fiber products, and future order acquisition is highly uncertain; revenue from aerospace-related products is only about 0.5% of total revenue [2] - China Duty Free Group's subsidiary won a bid for the Beijing Capital International Airport duty-free project with a guaranteed operating fee of 480 million yuan for the first year [3] - XWANDA's subsidiary is involved in a lawsuit with a claim amount of approximately 2.314 billion yuan related to quality issues in battery cells delivered between June 2021 and December 2023 [4] - Zhejiang Rongtai plans to establish a joint venture in Thailand with Weichuang Electric to develop mechatronic systems for smart robots [5] - Defu Technology extends the deadline for acquiring shares in a Luxembourg copper foil company to January 9, 2026 [6][7] - Xinke Mobile states that its revenue from satellite internet is minimal and does not significantly impact overall performance [10] - Daya Intelligent received a notice from the China Securities Regulatory Commission regarding an investigation into information disclosure violations [11] Investment and Financial Updates - Guangdong Construction's subsidiary signed a framework agreement for a green methanol project with an estimated total investment of about 6 billion yuan [13] - XCMG Machinery's controlling shareholder plans to increase its stake by no less than 80 million yuan [18] - ST Guohua's major shareholder increased its stake to 26% without triggering mandatory tender offer obligations [19] - ST Zhanggu's stock will resume trading on December 29, 2025, following a capital increase from a restructuring plan [20] - Tianchuang Fashion's controlling shareholder will change to Anhui Xianrui, with stock resuming trading on December 29, 2025 [21]