Securities code: Sany Heavy Industry Co.Ltd(600031) securities abbreviation: Sany Heavy Industry Co.Ltd(600031) Announcement No.: 2022010
Sany Heavy Industry Co.Ltd(600031)
Suggestive announcement on Planning Overseas issuance of global depositary receipts and listing on the Swiss Stock Exchange
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
1、 This planning
In order to broaden the international financing channels of Sany Heavy Industry Co.Ltd(600031) (hereinafter referred to as "the company"), meet the needs of the company's international business development, further strengthen the global brand influence and unswervingly promote the internationalization strategy, the company plans to issue global depository receipts (GDRs) overseas and list them on the Swiss stock exchange, The overseas issuance and listing of global depositary receipts will not lead to changes in the controlling shareholders and actual controllers of the company.
2、 The purpose of this overseas issuance and listing of global depositary receipts
1. Promote internationalization strategy
As the world's leading construction machinery manufacturer, the company unswervingly implements the international policy of "focusing on itself, local operation and service first", and fully promotes the international strategy. At present, the company has achieved the first global market share of excavation machinery and concrete machinery, and the global market share of construction machinery such as hoisting machinery has increased rapidly.
The company is in the rapid development stage of internationalization, and will continue to increase resource investment and channel construction in overseas markets, so as to achieve breakthrough progress in overseas markets, especially in Europe and the United States; Significantly increase resources such as service personnel, service vehicles and service outlets, enhance the global supply capacity of accessories, and create the first brand of service; Promote overseas digital strategy, build intelligent lighthouse factory and build localized advanced manufacturing capacity; Enhance international R & D strength, focus on global mainstream markets such as Europe and the United States, and accelerate international product development; Strengthen the construction of overseas human resources, improve the overseas incentive mechanism, and build an excellent localization team.
After the global depositary receipts are issued overseas and listed on the Swiss stock exchange, the funds raised will be mainly used for the company's international business, further promote the company's internationalization process, help to improve the company's profitability and comprehensive competitiveness, and comply with the company's strategic plan and long-term development goals.
2. Make full use of capital market support
The overseas issuance and listing of global depositary receipts is an important measure for the company to respond to the call of China's capital market policy, deepen the interconnection of China EU capital markets, and use overseas capital markets to promote the development of real economy.
The company hopes to make full use of the favorable opportunity of capital market reform and the strong support of policies to realize direct connection with overseas capital markets, improve the company's overseas brand awareness, enhance multi-channel financial ability, and provide sufficient funds and financial resources for the company's international strategic development.
3. Improve corporate governance
The overseas issuance and listing of global depositary receipts will further optimize the company's equity structure, improve the transparency and standardization of corporate governance, and provide a solid governance mechanism guarantee for the high-quality development of the company.
3、 Special risk tips
Up to now, the issuance scale, issuance scheme, purpose of raised funds and feasibility of this overseas issuance and listing of global depositary receipts are still under demonstration, and there are still great uncertainties. This issuance still needs the approval of the board of directors and the general meeting of shareholders of the company, as well as the approval of China Securities Regulatory Commission, Swiss stock exchange and other competent authorities at home and abroad Approval or filing. The above approval, approval or filing is a prerequisite for the implementation of overseas issuance of global depositary receipts and listing on the Swiss stock exchange. There is uncertainty about whether the above approval, approval or filing can be obtained and the corresponding time of final acquisition. In addition, this offering also has the risk of being suspended or terminated due to international environment, market environment, financing opportunity, supervision or other reasons.
The company will fulfill the obligation of information disclosure in time according to the progress of this issuance. Please pay attention to the investment risks. It is hereby announced.
Sany Heavy Industry Co.Ltd(600031) board of directors March 16, 2022
