XCMG to Supply Mining Equipment to Brazil's Vale, Serving Mining Project in South America

POUSO ALEGRE,Brazil,June 9,2022 -- XCMG (SHE:000425) has signed a procurement contract for first batch of mining equipment with Vale,one of the world's largest iron ore producers based in Brazil,on May 18 at XCMG Brazil's factory in Pouso Alegre. The deal is an extension and landing of a Memorandum of Understanding (MoU) between XCMG and Vale which was signed on October 26,2021 in Nanjing,China.

This procurement contract for XCMG's GR3505 mining graders was a high-end model with endurable structure design and comfortable operating environment,it's equipped with automatic and convenient intelligent diagnosis and intelligent control.

"XCMG leverages its social resources in Brazil and commits to serving global customers,providing integrated sets of mining equipment solutions and comprehensive sales and service guarantees,and we will take the opportunities presented by the Brazilian market to bolster the promotion and investment of environmentally-friendly pure electric products," said Wang Yansong,vice president of XCMG and chairman of XCMG Brazil.

Marco Braga,chief procurement officer and global inbound logistics director at Vale,noted that Vale is delighted to strengthen its cooperation with China's largest construction machinery manufacturer. As a long-term partner of China for nearly half a century,Vale has not only continuously supplied high-quality iron ore and base metal products to China,but also cooperated with China's leading manufacturers and service providers to achieve mutual wins. As Vale's supplier,XCMG has empowered Vale to better leverage the scale and technology of China's manufacturing industry that has developed rapidly over decades.

XCMG and Vale is collaborating on the supply of mining equipment sets covering the product ranges of graders,loaders,excavators,mining trucks and more,with keen focus on energy efficiency and emission reduction to develop green and sustainable new energy pure electric products,as well as further explorations of intelligent technologies for products,unmanned solutions and smart mining construction that builds on advanced technologies including 5G.

About XCMG

XCMG is a multinational heavy machinery manufacturing company with a history of 79 years. It currently ranks third in the world's construction machinery industry. The company exports to more than 188 countries and regions around the world.

For more information,please visitwww.xcmg.com,or XCMG pages on Facebook,Twitter,YouTube,LinkedInandInstagram.