Announcement of Sany Group on Mr. Xiang Wenbo as the rotating chairman of the board of directors

According to the rotating chairman system of Sany Group, the board of directors decided that Mr. Xiang Wenbo will serve as the rotating chairman of the board of directors during the period of May 15, 2023 ~ November 15, 2023.

During the period of the rotating chairman, he is the highest person in charge of the daily operation of the group, and fully presides over the daily operation of the group. During the rotation period, we strictly abide by the Sany culture, especially the five cornerstone values of Sany (love the party and the country, integrity and law-abiding, customer first, employee priority, and high standards of current affairs), and strictly abide by the rotating chairman system.

Sany Group Co., Ltd

May 15, 2023

Attached: Biography of Mr. Xiang Wenbo

Xiang Wenbo, male, Han nationality, born in June 1962 in Yiyang, Hunan Province, studied at Hunan University, Dalian University of Technology and China Europe International Business School. He joined the work in 1982 and is currently the Secretary of the Party Committee and the rotating chairman of Sany Group Co., Ltd., the chairman of Sany Heavy Industry Co., Ltd., the standing committee member of the 13th Executive Committee of the All-China Federation of Industry and Commerce, and the vice president of China Construction Machinery Industry Association.

Xiang Wenbo is a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC), a deputy to the 11th National People's Congress, and an expert enjoying special government allowances from the State Council. He has won honors such as National Model Worker and Forbes China's Best CEO.

From 1978 to 1982, he studied foundry at Hunan University and obtained a bachelor's degree in engineering

From 1982 to 1985, he worked in Hongyuan Machinery Factory of the Ministry of Ordnance Industry

From 1985 to 1988, he studied materials at Dalian University of Technology and obtained a master's degree in engineering

From 1988 to 1989, he was a member of the Economic Committee of Lianyuan City, Hunan

From 1989 to 1990, he was the director of Lianyuan Valve Factory in Hunan Province

From 1990 to 1991, he was the director of Yiyang Tractor Factory in Hunan Province

From 1991 to 2002, he was the CEO of Sany Group Co., Ltd

(2001-2003 CEIBS, Master of Business Administration)

From 2002 to 2007, Secretary of the Party Committee and Executive President of Sany Group Co., Ltd

From 2007 to 2022, Secretary of the Party Committee of Sany Group Co., Ltd., Vice Chairman and President of Sany Heavy Industry Co., Ltd

From 2022 to 2023, Secretary of the Party Committee of Sany Group Co., Ltd. and Chairman of Sany Heavy Industry Co., Ltd

From 2023 to the present, Secretary of the Party Committee and Rotating Chairman of Sany Group Co., Ltd., and Chairman of Sany Heavy Industry Co., Ltd