On the evening of February 28, 2022, Liugong (000528) issued the "Announcement on the Merger of Guangxi Liugong Machinery Co., Ltd. and Guangxi Liugong Group Machinery Co., Ltd. and the Implementation of Related Transactions and the Listing of New Shares" (hereinafter referred to as the "Listing Announcement"). Book"), the newly issued shares will be officially listed on March 4. This means that the overall listing of Guangxi Liugong Group Machinery Co., Ltd. (hereinafter referred to as "Liugong Co., Ltd.") has been officially completed!

According to the "Listing Announcement", the listed company plans to offer all shareholders of Liugong Co., Ltd. Liugong Group, Recruitment Service and Trade, Shuangbai Fund, National Manufacturing Fund, Chengtong ICBC, CCB Investment, Guangxi State-owned Enterprise Reform Fund, Changzhou Jia You and China Securities Investment issued shares and merged with Liugong Co., Ltd. The listed company is the absorbing and merging party, and Liugong Co., Ltd. is the absorbing and merging party. The assets won in this transaction are priced at RMB 7,428,449,300. Based on the issue price of RMB 7.49 per share, the number of issued shares is 991,782,278. After this transaction, 511,631,463 shares of Liugong shares held by Liugong Co., Ltd. will be cancelled, and the actual number of new shares will be 480,150,815 shares.

After the completion of this transaction, the listed company will undertake and inherit all the assets, liabilities, contracts and all other rights and obligations of the merged party Liugong Co., Ltd., and the production supporting assets of construction machinery, agricultural machinery, concrete machinery and construction machinery of Liugong Co., Ltd. It will be injected into the listed company as a whole, and the main business of the listed company will further extend upstream and downstream and expand horizontally, which is conducive to optimizing the industrial structure and improving the industrial layout, focusing on expanding and strengthening the two core businesses of the listed company's original excavators and loaders On the basis of the comprehensive promotion of the rapid development of construction machinery, agricultural machinery, concrete machinery and other businesses. In the future, the listed company will learn from the management experience of high-quality strategic investment, give full play to the platform and channel advantages of the listed company, and enhance the execution power with the reformed mechanism, so as to further improve the profitability and asset scale of the underlying assets, and contribute to the sustainable development of the listed company. Operation provides a solid guarantee.Editor/XingWentao