China Shipbuilding: major asset restructuring application accepted by the Shanghai Stock Exchange

China Shipbuilding Corporation announced that the company plans to issue A-shares to all shareholders of China Heavy Industries in exchange for a merger. On May 8, 2025, the company received a notice from the Shanghai Stock Exchange regarding the acceptance of the application for the issuance of shares to purchase assets by China Shipbuilding Corporation. The Shanghai Stock Exchange decided to accept and conduct legal review. This transaction still needs to be approved by the Shanghai Stock Exchange, registered by the China Securities Regulatory Commission, and obtain other necessary approvals, approvals, filings, or permits required by relevant laws and regulations before it can be officially implemented, and the uncertainty of its implementation still exists.