China CSSC Holdings to absorb China Shipbuilding Industry Corporation

China CSSC Holdings is proceeding with a share-for-share merger to absorb China Shipbuilding Industry Corporation (China Heavy Industry). This transaction received approval from the China Securities Regulatory Commission on July 18, 2025. China Heavy Industry applied for voluntary delisting from the Shanghai Stock Exchange on August 14, 2025, and its shares will officially cease trading on September 5, 2025.

Following the delisting, China Heavy Industry A-share accounts will no longer display these shares. Their market value will not be reflected until the conversion to China CSSC A-shares is complete and the new shares are listed. Shareholders of China Heavy Industry will receive China CSSC A-shares based on a predetermined exchange ratio.

The conversion of shares will prioritize whole numbers. Any fractional shares resulting from the exchange ratio will be distributed based on the decimal portion, with remaining shares distributed randomly if decimals are identical. This ensures all shareholders receive their due equivalent in China CSSC A-shares.