Zoomlion Heavy Industry Science and Technology Co., Ltd. Announces Establishment Of Wholly Owned Subsidiary

Zoomlion Heavy Industry Science and Technology Co., Ltd. announced that it proposes to establish a wholly owned subsidiary, Changsha Zoomlion Environmental and Sanitation Machinery Co., Ltd. (or such name as approved by and registered with the local administration for industry and commerce) (ESM Company), with a capital contribution of RMB2,100 million in cash (the Investment). The registered capital of ESM Company to be established shall be RMB2,100 million and Zoomlion will hold 100% of its equity interest. The scope of operations include development, manufacturing and sale of solid waste treatment machinery and equipment, water pollution prevention and control machinery and equipment, machinery and equipment for maintenance and sanitation of road, bridge, tunnel, garden and municipal work, and related components and technology support services (subject to the final registration with the local administration for industry and commerce).