Liang Wengen no longer serves as chairman of Sany Group and implements the rotating chairman system.

Xinhua News Agency, May 15, on the evening of May 15, the official WeChat of Sany Group announced that Liang Wengen would no longer hold the post of chairman of Sany Group because of his age. He will no longer be responsible for the daily operation and scheduling work of the group, no longer work shifts, and will no longer participate in foreign affairs activities. Liang Wengen will continue to serve as the Chairman of the Supervisory Board of the Group for some time to come, and as the general adviser of the Group, he will provide guidance for the strategy, direction and key capacity building of the Group's development. In order to meet the needs of the company's operation and management, after the study and decision of the board of directors, Sany Group implements the rotating chairman system. Tang Xiuguo and Xiang Wenbo, the group directors, serve as the rotating chairman of the group, with a rotation term of six months, on duty. Small financial note: Sany Group has three listed companies, such as Sany heavy Industry, Sany International and Sany heavy Energy. (financial Associated Press reporter Huang Lu)