China Shipbuilding: Stock exchange absorption merger with China Heavy Industry, China Heavy Industry A-shares will be delisted on September 5th.

China Shipbuilding Corporation announced that the company intends to issue A-shares to all shareholders of China Heavy Industry Group in exchange for the merger of China Heavy Industry Group. The implementation date of the share exchange is September 4, 2025, with an exchange ratio of 1:0.1339, meaning that every 1 share of China Heavy Industry Group stock will be converted into 0.1339 shares of China Shipbuilding Corporation stock. On September 5, 2025, the A-shares of China Heavy Industry Group will be delisted, and the shares of China Shipbuilding Corporation acquired by China Heavy Industry Group's shareholders will be reflected in their investors' accounts on the same day. After the completion of this transaction, China Heavy Industry Group will be delisted and deregistered, while China Shipbuilding Corporation will inherit and take over all assets, liabilities, business, personnel, contracts, and all other rights and obligations of China Heavy Industry Group.