China Heavy Industries announced that the company and China Shipbuilding are planning to exchange shares and absorb China Heavy Industries by issuing A-shares to all exchange shareholders of China Heavy Industries. On May 8, 2025, the company received the “Notice on Accepting Applications to Purchase Assets by China Shipbuilding Industry Co., Ltd. by Issuance of Shares” from the Shanghai Stock Exchange. The Shanghai Stock Exchange checked the application documents in accordance with the relevant regulations, found that the application documents were complete and complied with the legal form, and decided to accept them and review them in accordance with the law. The transaction still needs to be reviewed and approved by the Shanghai Stock Exchange, and can only be officially implemented after registration by the China Securities Regulatory Commission and other necessary approvals, approvals, filings or permits that may be required by relevant laws and regulations. There is still uncertainty about whether it can be implemented.

China Heavy Industries announced that the company and China Shipbuilding are planning to exchange shares and absorb China Heavy Industries by issuing A-shares to all exchange shareholders of China Heavy Industries. On May 8, 2025, the company received the “Notice on Accepting Applications to Purchase Assets by China Shipbuilding Industry Co., Ltd. by Issuance of Shares” from the Shanghai Stock Exchange. The Shanghai Stock Exchange checked the application documents in accordance with the relevant regulations, found that the application documents were complete and complied with the legal form, and decided to accept them and review them in accordance with the law. The transaction still needs to be reviewed and approved by the Shanghai Stock Exchange, and can only be officially implemented after registration by the China Securities Regulatory Commission and other necessary approvals, approvals, filings or permits that may be required by relevant laws and regulations. There is still uncertainty about whether it can be implemented.