According to Jiuzhiyang's announcement, China Shipbuilding Group Investment Co., Ltd., which holds 5% or more of the company's shares, plans to privately issue exchangeable corporate bonds with a face value of not more than 500 million yuan to professional investors. It has obtained an unobjection letter from the Shenzhen Stock Exchange on October 19, 2026 that meets the listing requirements. The no-objection letter is valid for 12 months from the date of issuance. The investment company will take the opportunity to organize issuance according to its own funding arrangements and market conditions. Bondholders who meet the exchange conditions can exchange shares for the company's shares at the agreed price during the share exchange period. As of the date of disclosure of the announcement, the investment company held 245.755 million shares of the company, accounting for 9.75% of the total share capital; in total, it held 68% of the total share capital with the co-actors. This offering will not result in a change in the controlling shareholders and actual controllers of the company.

According to Jiuzhiyang's announcement, China Shipbuilding Group Investment Co., Ltd., which holds 5% or more of the company's shares, plans to privately issue exchangeable corporate bonds with a face value of not more than 500 million yuan to professional investors. It has obtained an unobjection letter from the Shenzhen Stock Exchange on October 19, 2026 that meets the listing requirements. The no-objection letter is valid for 12 months from the date of issuance. The investment company will take the opportunity to organize issuance according to its own funding arrangements and market conditions. Bondholders who meet the exchange conditions can exchange shares for the company's shares at the agreed price during the share exchange period. As of the date of disclosure of the announcement, the investment company held 245.755 million shares of the company, accounting for 9.75% of the total share capital; in total, it held 68% of the total share capital with the co-actors. This offering will not result in a change in the controlling shareholders and actual controllers of the company.