China Shipbuilding Industry announces share-swap merger implementation details

China Shipbuilding Industry Group Power Co., Ltd. is proceeding with its share-swap absorption merger by China State Shipbuilding Corporation Limited, following regulatory approval. The last trading day for China Shipbuilding Industry A-shares will be September 4, 2025, with delisting effective September 5, 2025.

The share-swap implementation equity registration date is September 4, 2025. Shareholders of China Shipbuilding Industry on record by the close of trading on this date will have their shares converted into China State Shipbuilding shares at a ratio of 1:0.1339. This means one China Shipbuilding Industry share will convert into 0.1339 China State Shipbuilding shares. Fractional shares will be handled by rounding to the nearest whole number, with remaining fractions distributed based on the size of the decimal tail.

Post-merger, China Shipbuilding Industry's assets, liabilities, business, and personnel will be assumed by China State Shipbuilding. Existing restrictions on China Shipbuilding Industry shares, such as lock-up periods or pledges, will transfer to the newly acquired China State Shipbuilding shares.