China Shipbuilding: Subsidiary Signs Major Shipbuilding Contract Worth Around 9 Billion Yuan

China Shipbuilding Corporation announced that the total of 12 9200TEU container ships construction contracts signed by its wholly-owned subsidiary Dalian Shipbuilding Heavy Industry Group Co., Ltd. in conjunction with China Shipbuilding Industry Trade Co., Ltd. and a well-known shipowner have recently come into effect. The contract amount is approximately 9 billion yuan. The company will recognize revenue according to revenue recognition principles, which will not have a significant impact on the current period profit of the company. If the transaction is successfully implemented, it will have a certain positive impact on the company's future operating income and profit, helping to enhance the company's medium to long-term market competitiveness and profitability.