SANY GROUP CO., LTD.

The Sany Group was founded in 1989 as a small welding materials factory. Today, it is the largest construction machinery corporation in China and the fifth largest globally. Two of its member companies are listed on separate stock exchanges; Sany Heavy Industry Co., Ltd. On the Shanghai Stock Exchange and SANYHE International Holdings Co., Ltd. On the Hong Kong Exchange. And Sany Heavy Industry Co., Ltd. Was the first-ever Chinese business to successfully achieve the government-owned enterprise transfer to the private sector under the non-tradable stock reform program. It is also listed among the world's top 500 companies in the construction machinery industry. Today, Sany is the leading brand in China for concrete pumping machinery, excavators, crawler cranes, rotary drilling rigs and coal mining machinery. And Sany concrete pumping machinery is No. 1 worldwide. Each year, Sany allocates between 5% and 7% of its total sales revenue to R&D projects, with the goal of providing e