Report on a XCMG Employee's Overtime-Pay Litigation

Sina Finance reported that an employee of the XCMG machinery technology branch claimed approximately RMB 324,800 in overtime pay. The matter went through an arbitration application, first instance, second instance and retrial procedures; the report said the first instance awarded part of the amount, the second instance changed the result on limitation and related grounds, and the retrial application was not supported. The company acknowledged overtime but disputed the amount and claims. This record states the reported procedures and results without adding a liability assessment.