Zoomlion Heavy Industry Science and Technology Co., Ltd.

Zoomlion Heavy Industry Science and Technology Co., Ltd. is a leading manufacturer in the construction, agricultural, and mining machinery sectors. Established in 2000 and listed on the Shenzhen Stock Exchange, the company focuses on research and development, manufacturing, sales, and services. Its product offerings include a wide range of construction machinery such as concrete machinery, cranes, earthwork equipment, and aerial work machinery, as well as agricultural machinery and mining equipment. Zoomlion's products are utilized in various sectors, including infrastructure, urban construction, agriculture, and national defense. The company operates a global network for R&D, manufacturing, and sales, with facilities and services extending to over 170 countries and regions. It has established industrial parks in several countries along the "Belt and Road" routes, enhancing its international presence. Zoomlion is recognized for its technological innovation and has led the development of numerous national and industrial standards in China. The company is committed to eco-friendly, intelligent, and digital development, continuously investing in R&D to maintain its competitive edge in the machinery industry.

(I) Forward-Looking Strategic Decision-Making and Efficient Strategic Execution Capabilities In formulating macro-level corporate strategies, the Company places great emphasis on researching global industry development trends. The Company positions its business development within the broader context of international competition, strengthens the forward-looking nature of its strategic direction, and ensures the enterprise stays on the right development path. (II) Global Network for R&D, Manufacturing, Supply Chain, Sales, and Services The Company prioritizes integrating high-quality resources on a global scale to achieve rapid expansion, and has built a worldwide network encompassing R&D, manufacturing, sales, and services. In terms of manufacturing bases, through the integration and layout of industrial parks at home and abroad, the Company has established an extensive global network of manufacturing facilities. In terms of product sales and service networks, the Company’s products now reach over 170 countries and regions worldwide. The Company has developed a global market layout, along with a global logistics network and spare parts supply system, with particular emphasis on setting up subsidiaries, branches, and permanent offices along the “Belt and Road” routes. As a key equipment manufacturing enterprise benefiting from the “Belt and Road” Initiative, the Company is committed to deepening its presence in overseas markets. It has established industrial parks or production bases in countries along the “Belt and Road” routes, such as Italy, Germany, Hungary, Mexico, Brazil, Turkey, and India. This has enabled the Company to implement its overseas development strategy of moving from “going global” to “rooting locally,” creating new growth opportunities for the business. (III) Developer of Industry, National, and International Standards; Leading Product and Technology Innovation in the Industry The Company traces its roots to the former Construction Machinery Research Institute of Changsha. With over 60 years of technological accumulation, the Company is recognized as the cradle of China’s construction machinery technology. As a standard-setter in China’s construction machinery industry, the Company has led, participated in, set and revised more than 490 national and industrial standards. It is also the first enterprise in China’s construction machinery industry to host a secretariat of an international standardization organization, representing the interests of the entire industry and enhancing China’s voice in the international market access for construction machinery. The Company boasts 8 national-level innovation platforms, including a National Enterprise Technology Center, a National Key Laboratory, a National Engineering Technology Research Center for Concrete Machinery, a National-Local Joint Engineering Research Center for Mobile Crane Technology, a National Industrial Design Center, a National-Local Joint Engineering Research Center for Modern Agricultural Equipment, and a National Postdoctoral Research Station. The number of these national-level innovation platforms ranks among the top in the industry. Mastering core technologies in the sector, the Company has developed a range of high-performance “extreme” products to meet the needs of major national engineering projects. (IV) Leading the Industry’s “Eco-friendly, Intelligent, and Digital” Development Trend The Company has always adhered to the technological innovation concept of “more intelligent, more eco-friendly, more industrial Internet,” and is committed to advancing development along the path of eco-friendliness, intelligentization, and digitalization. By continuously increasing R&D investment in eco-friendliness, intelligentization, and digitalization, and driven by breakthroughs in core technologies, the Company has reshaped its core competitiveness in the industry, strengthened its voice in international standard-setting, and maintained its position as a leader in industrial technological development. During the Reporting Period, the Company’s patent portfolio for eco-friendliness, intelligentization, and digitalization technologies reached a total of 5,974 patents, forming a solid technological barrier. Meanwhile, the Company has taken the lead in formulating a number of national green product evaluation standards for equipment such as concrete pump trucks, concrete mixing plants, and crawler cranes. The number of green standards it leads in developing ranks first in the industry, setting a benchmark for the industry’s green development. In recent years, Zoomlion has continuously set new industry records: launching the world’s first all-electric port tire crane, the world’s first 5-axle 38-ton all-electric folding-arm truck-mounted crane, and the world’s first 10kg hybrid harvester, among other landmark products. (V) Outstanding “Soft Power” in the Industry; Steadily Rising Global Brand Influence Since the establishment in 1992, the Company has secured a solid leading position in China’s equipment manufacturing sector and fully demonstrated the influence of Chinese independent brands in the international market. The Company’s core brand concept “Ideas Build the Future” has been widely accepted by society and highly recognized by the industry. The Company has always advocated the quality and brand concept of “Consistency in Appearance and Essence, Excellence in Quality,” striving to create maximum value for society, customers, employees, shareholders, and stakeholders while achieving harmonious win-win outcomes. The Company is a demonstration enterprise for industrial brand development designated by the Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), and its brand IP development project has been selected as a case study for industrial brand cultivation by the MIIT. (VI) Pioneer in Global Resource Integration and Leader in Global Independent Channel Development in the Industry Since 2001, the Company has successively acquired more than a dozen enterprises at home and abroad, pioneering the integration of overseas resources in China’s construction machinery industry. Through this series of M&As, the management team has accumulated rich experience in M&As, and summarized five core principles for successful corporate M&As: “Inclusiveness, Responsibility, Rules, Co-creation, and Shared Benefits.” The Company’s corporate culture has facilitated the smooth integration of acquired enterprises into its management system, attracted a large number of outstanding talents with extensive experience, and successfully addressed the management challenges associated with post-acquisition integration. In particular, during overseas M&As and resource integration, the Company adheres to corporate culture as a guide, maintains control over strategic decision-making, pursues in-depth synergy and potential tapping, and achieves the goals of “taking the lead, deepening engagement, and maximizing results”. Meanwhile, the Company has built over 30 first-level business airports and more than 430 secondary and tertiary network outlets worldwide, extending its network from regional centers to key cities.