Recently, XCMG Machinery held a strategic cooperation meeting with OCBC China and signed an overall strategic cooperation agreement. Yang Dongsheng, Chairman and Party Secretary of XCMG Group and XCMG Machinery, and Hong Yongxiang, Chief Executive Officer of OCBC China, attended the event.

Yang Dongsheng extended a warm welcome to Hong Yongxiang and his delegation and expressed gratitude for OCBC's long-standing strong support to XCMG. He stated that XCMG's global development cannot be separated from the support of international financial capital. The OCBC Group has an extensive service network and diversified product advantages in Southeast Asia and is one of XCMG's most important banking partners in the region. This cooperation will inject strong financial momentum into XCMG and help accelerate the advancement of XCMG's primary internationalization strategy.

Hong Yongxiang stated that XCMG, as a leading enterprise in the global construction machinery industry, has achieved outstanding results in international markets in recent years. The conclusion of this strategic cooperation will create broader development space for both parties and promote resource sharing and complementary advantages. In the future, OCBC China will engage in more extensive and in-depth cooperation with XCMG in Southeast Asia, especially in the Indonesian market across multiple fields, to meet XCMG's growing cross-border development needs and jointly promote the sustained and rapid development of China's high-end manufacturing in the global market.

The signing of this strategic cooperation agreement is not only a milestone in the cooperation between XCMG and OCBC but also an important step for both parties to jointly advance their internationalization strategies and accelerate their international layout. Both parties will further deepen mutual trust and cooperation, comprehensively enhance the synergy between bank and enterprise, open a new chapter in the integration of industry and finance, and work together to achieve high-quality development.

Yu Hongyu, Vice President and Chief Financial Officer of XCMG Machinery; Chen Qinghui, General Manager of the Corporate Banking Department of OCBC China; and heads of relevant units of OCBC and XCMG Machinery attended the meeting and signing ceremony.