China Heavy Industry: Intends to be absorbed and merged by China Shipbuilding, the company's stock may be delisted.

China Heavy Industry announced that the company plans to be absorbed and merged by China Shipbuilding through the issuance of A-shares. This transaction has been approved for registration by the China Securities Regulatory Commission. After the merger is completed, China Heavy Industry will no longer have independent legal entity status and will be cancelled. According to Rule 9.7.1 of the Listing Rules, an application can be made to the Shanghai Stock Exchange for voluntary delisting. The company will submit the application for voluntary delisting on the next trading day after the deadline for exercising cash exit rights. The Shanghai Stock Exchange will decide whether to accept the application within 5 trading days, and will decide whether to approve the delisting within 15 trading days after acceptance. If the Shanghai Stock Exchange approves the delisting, China Heavy Industry will be delisted and the market will be terminated within 5 trading days from the date of the announcement.