China Shipbuilding Technology: Cancellation of 3.8974 million shares

China Shipbuilding Technology Corporation announced that, due to some subsidiaries not meeting the performance commitment targets for the year 2023, according to the "Profit Forecast Compensation Agreement" and supplementary agreements, China Shipbuilding Industry Group Co., Ltd. and 16 other performance compensation obligors are required to compensate the company's performance primarily in the form of shares. The company will repurchase and cancel the company's shares that the performance compensation obligors should compensate at a price of RMB 1 per share. According to the "Confirmation of Securities Transfer Registration" issued by China Securities Depository and Clearing Co., Ltd. Shanghai Branch, China Shipbuilding Industry Group Co., Ltd. and 16 other performance compensation obligors have transferred a total of 3.8974 million shares to the company's repurchase special securities account, accounting for 0.26% of the company's total share capital before repurchase. After the cancellation of the performance compensation shares is completed, the total number of company shares will change from 1.507 billion shares to 1.503 billion shares, and the company's registered capital will change from RMB 1.507 billion to RMB 1.503 billion.