Securities Code: 000680
Securities Abbreviation: Shantui Construction Machinery
Announcement Number: 2026-057
Announcement on Wholly-Owned Subsidiary Establishing Subsidiaries Overseas
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or material omissions.
I. Overview of Overseas Investment
- Basic Situation of Overseas Investment
To meet the Company's development strategy needs and further expand overseas markets, the Company's wholly-owned subsidiary Shantui (Hong Kong) Holdings Co., Ltd. (hereinafter referred to as "Shantui Hong Kong") will invest 5 million Brazilian Reais (approximately USD 0.99 million at the current exchange rate), 32 million Turkish Lira (approximately USD 0.7 million at the current exchange rate), and 13 billion Vietnamese Dong (approximately USD 0.5 million at the current exchange rate) to establish wholly-owned subsidiaries in Brazil, Turkey, and Vietnam, respectively. Additionally, through Shantui Hong Kong and "SHANTUI EQUIPMENT" FE LLC (hereinafter referred to as "Shantui Uzbekistan"), they will jointly invest 368 million Kazakhstani Tenge (approximately USD 0.8 million at the current exchange rate) to establish a wholly-owned subsidiary in Kazakhstan.
- Approval Procedures for Investment
The Company's 12th Board of Directors meeting, held on August 10, 2026, reviewed and approved the "Proposal on Establishing Wholly-Owned Subsidiaries Overseas." According to the "Listing Rules of Shenzhen Stock Exchange," "Company Articles of Association," and other relevant regulations, this proposal does not require submission to the shareholders' meeting for approval.
- This overseas investment does not involve related-party transactions and does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
II. Basic Information of Investment Entities
- Overview of Shantui (Hong Kong) Holdings Co., Ltd.
(1) Company Type: Limited Liability Company
(2) Establishment Date: December 2, 2010
(3) Registered Capital: HKD 70,200,000
(4) Registered Address: Hong Kong, China
(5) Shareholder Information: Shantui Construction Machinery Co., Ltd., holding 100%
(6) Business Scope: Overseas investment platform
- Overview of Shantui Uzbekistan Company
(2) Establishment Date: September 11, 2023
(3) Registered Capital: 1,000,000 Uzbek Som
(4) Registered Address: Tashkent, Uzbekistan
(5) Shareholder Information: Shantui (Hong Kong) Holdings Co., Ltd., holding 100%
(6) Business Scope: Sales, maintenance, and after-sales service of construction machinery and parts