Zoomlion Heavy Industry Science & Technology Co., Ltd. plans to spin off its subsidiaries Zoomlion Heavy Machinery and Luchang Technology for reorganization and listing

Zoomlion plans to reorganize its subsidiary Zoomlion Heavy Machinery and Luchang Technology to realize the listing of Zoomlion Heavy Machinery. The reorganization is valued at 9.38 billion yuan and aims to improve the profitability of Luchang Technology and enhance the competitiveness of Zoomlion Heavy Machinery in the market.