Core Viewpoint - Zoomlion Heavy Industry Science and Technology Co., Ltd. plans to issue asset-backed securities (ABS) and credit bonds to optimize its asset structure and broaden financing channels, aiming for high-quality development [1] Group 1: Financial Details - The total issuance scale for asset-backed securities is not to exceed 4 billion yuan [1] - The issuance scale for credit bonds is not to exceed 1 billion yuan [1] - Zoomlion will provide guarantees for its wholly-owned subsidiary, Zoomlion Financing Leasing (China) Co., Ltd. [1]

Financing Lease Overview - The company plans to engage in financing lease activities in 2025, including direct financing leases for newly purchased assets and sale-leaseback arrangements for owned assets, with a total financing limit not exceeding RMB 200 million [1][2] - Each financing transaction will have a maximum term of 10 years, and the financing limit is valid for 12 months from the board's approval date [1][3] Authorization and Management - The board has authorized the management to handle all matters related to the financing lease business within the approved limit, including signing agreements and making adjustments based on regulatory changes [3][4] - The authorization is effective for 12 months from the board's approval date [3] Purpose and Impact - The financing lease activities aim to broaden financing channels, revitalize existing assets, and optimize the financing structure, providing financial support for the company's operational development [4]