Zoomlion Heavy Industry Science & Technology Co., Ltd. — Capital/Financing Update 2021

Feb 3, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of Zoomlion Heavy Industry Science and Technology Co., Ltd.

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Zoomlion Heavy Industry Science and Technology Co., Ltd. 中聯重科股份有限公司*

(a joint stock company incorporated in the People’s Republic of China)

(Stock Code: 1157)

COMPLETION OF ISSUE OF NEW H SHARES UNDER GENERAL MANDATE

Financial Advisor and Placing Agent

References are made to the announcements of Zoomlion Heavy Industry Science and Technology Co., Ltd.* (the “ Company ”) dated 29 September 2020 (the “ Announcement ”) and 20 October 2020 in relation to the proposed issue of new H Shares under the General Mandate. Unless otherwise stated, capitalised terms used in this announcement have the same meanings as those defined in the Announcement.

The Company is pleased to announce that all conditions in respect of the Subscription set out under the section headed “The Subscription Agreement — Conditions precedent” in the Announcement have been fulfilled, and completion of the Subscription has taken place on 03 February 2021 pursuant to the Subscription Agreement. A total of 193,757,462 new H Shares, representing approximately 12.25% and 2.38% of the total number of issued H Shares and the total number of issued Shares as enlarged by the allotment and issue of the Subscription Shares, respectively, have been allotted and issued to the Subscriber at the Subscription Price of HK$5.863 per H Share under the General Mandate.

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EFFECT OF THE SUBSCRIPTION ON THE SHAREHOLDING STRUCTURE OF THE COMPANY

The changes of the shareholding structure of the Company as a result of the completion of the Subscription are set out below:

ShareholdersClass ofSharesImmediately beforecompletion of the SubscriptionImmediately aftercompletion of the SubscriptionNumber ofSharesApproximate %of issued sharecapital of theCompanyNumber ofSharesApproximate %of issued sharecapital of theCompany	ShareholdersClass ofSharesImmediately beforecompletion of the SubscriptionImmediately aftercompletion of the SubscriptionNumber ofSharesApproximate %of issued sharecapital of theCompanyNumber ofSharesApproximate %of issued sharecapital of theCompany	ShareholdersClass ofSharesImmediately beforecompletion of the SubscriptionImmediately aftercompletion of the SubscriptionNumber ofSharesApproximate %of issued sharecapital of theCompanyNumber ofSharesApproximate %of issued sharecapital of theCompany	ShareholdersClass ofSharesImmediately beforecompletion of the SubscriptionImmediately aftercompletion of the SubscriptionNumber ofSharesApproximate %of issued sharecapital of theCompanyNumber ofSharesApproximate %of issued sharecapital of theCompany	ShareholdersClass ofSharesImmediately beforecompletion of the SubscriptionImmediately aftercompletion of the SubscriptionNumber ofSharesApproximate %of issued sharecapital of theCompanyNumber ofSharesApproximate %of issued sharecapital of theCompany
SubscriberHAOther holders of H SharesHOther holders of A SharesATotal	——1,388,207,0866,560,261,9327,948,469,018	——17.4782.53100.00(Note)	193,757,462—1,388,207,0866,560,261,9328,142,226,480	2.38—17.0580.57
				100.00(Note)
Note: Discrepancies between the column sum and the total shareholding are due to rounding of percentage numbers.By order of the BoardZoomlion Heavy Industry Science and Technology Co., Ltd.*Zhan ChunxinChairman

Note: Discrepancies between the column sum and the total shareholding are due to rounding of percentage numbers.

By order of the Board Zoomlion Heavy Industry Science and Technology Co., Ltd. Zhan Chunxin* Chairman

Changsha, PRC, 03 February 2021

As at the date of this announcement, the executive Director is Dr. Zhan Chunxin; the non-executive Directors are Mr. He Liu and Mr. Zhao John Huan; and the independent non-executive Directors are Mr. Zhao Songzheng, Mr. Lai Kin Keung, Ms. Liu Guiliang and Mr. Yang Changbo.

• For identification purpose only

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