To deepen its strategic channel layout in Southeast Asia and accelerate high-quality growth in the Lao market, SDLG held a distribution authorization signing ceremony with Lao VK Group on August 25. Mr. Wen Degang, General Manager of SDLG, attended the ceremony. Mr. Shi Shengyong, Deputy General Manager and General Manager of the Domestic Marketing Headquarters, and Mr. Zhang Ke, Chairman of VK Group, signed the cooperation agreement on behalf of both parties. Management representatives from relevant departments of SDLG and the Southeast Asia region also participated in and witnessed the event.

During the discussion, General Manager Wen Degang extended a warm welcome to the VK Group delegation. He noted that as a leading construction machinery enterprise in China, SDLG boasts a number of flagship products ranking among the industry's top tiers. Following the completion of the share repurchase in 2025, the company has accelerated its internationalization efforts, achieving significant growth in overseas business in the first half of the year. While striving toward its annual targets, the company continues to anchor its strategic direction of reaching RMB 10 billion in exports. This collaboration between two strong players will integrate the complementary strengths of both sides, boost the upgrading of Laos' construction machinery industry, and empower local economic development.

Mr. Zhang Ke, Chairman of VK Group, shared an overview of VK Group's development and channel deployment. He remarked that SDLG possesses strong brand power and a comprehensive product lineup that aligns well with the demands of the Lao market, with a solid reputation already established among local users. Going forward, VK Group will upgrade its sales and service systems, enrich product offerings, and expand ancillary businesses such as financing, leasing, and pre-owned equipment, jointly expanding the Lao market to achieve win-win outcomes.

This authorization partnership will consolidate SDLG's existing strengths in Laos, vigorously expand into the transportation infrastructure market, drive volume growth across its full product range beyond excavators and wheel loaders, and further enhance SDLG's market share and brand presence in Southeast Asia. Both parties will seize the development opportunities in the region and join hands to forge a new chapter in overseas expansion.