China Shipbuilding Industry approves merger with China Heavy Industry

China Shipbuilding Industry (SSE:601989) has announced the successful passage of resolutions related to its merger with China Heavy Industry at its first extraordinary general meeting of shareholders in 2025. Key resolutions included the approval of the merger itself, the exchange ratio, and related agreements. All proposed resolutions, encompassing various aspects of the merger, secured approval, with voting majorities consistently exceeding 85% of the shares represented at the meeting. The meeting, held in Beijing, saw participation from shareholders representing 67.2868% of the company's total voting shares. China Shipbuilding Industry has declared that the resolutions were compliant with relevant laws and the company's articles of association.