AVIC Heavy Machinery: Intends to sell up to 16,734,000 shares of Shangda shares.

AVIC Heavy Machinery Corporation announced that at the third ad hoc meeting of the Eighth Board of Directors on May 25, 2026, the resolution was passed to approve the sale of part of the shares of AVIC Materials Co., Ltd. held by the company through inquiry transfer method, not exceeding 16.734 million shares, with a sale proportion not exceeding 4.5%, and a deadline for sale until September 4, 2026. As of December 31, 2025, the book value of the shares was 86.8084 million yuan. This transaction does not constitute a related party transaction or a major asset restructuring, and does not require shareholder approval.