Shantui Construction Machinery Co., Ltd. (hereinafter referred to as Shantui) was founded in 1952, formerly known as Yantai Machinery Factory. In 1966, Yantai Machinery Factory was relocated to Jining City and renamed Jining Machinery Factory. Shantui Construction Machinery Co., Ltd. was established in 1993 and listed on the Shenzhen Stock Exchange in 1997 (stock code 000680). Shantui is a state-owned shareholding listed company and a subsidiary of Shandong Heavy Industry Group. Shantui is among the Top 50 global construction machinery manufacturers and Top 500 manufacturing companies in China.