China Shipbuilding Industry to delist, shares to convert to China State Shipbuilding

China Shipbuilding Industry Corporation Limited (601989) is set to be absorbed by China State Shipbuilding Corporation Limited through a share-swap merger, a move approved by the China Securities Regulatory Commission on July 18, 2025. Following this approval, China Shipbuilding Industry applied for voluntary delisting from the Shanghai Stock Exchange on August 14, 2025.

The Shanghai Stock Exchange accepted the delisting application on August 18, 2025, and subsequently decided to terminate the listing of China Shipbuilding Industry A-shares on September 5, 2025. As a voluntary delisting, the shares will not enter a delisting grace period.

Upon delisting, China Shipbuilding Industry A-shareholders' accounts will cease to display the stock. Shares will be converted to China State Shipbuilding Corporation A-shares based on the swap ratio determined in the report issued on July 19, 2025. Any fractional shares will be distributed based on decimal tail size, with random allocation for ties, until all shares are accounted for. Investors are advised to monitor subsequent announcements from China State Shipbuilding Corporation regarding the share conversion and listing of new shares.