East China Heavy Machinery: The full amount of 700 million yuan for the major asset restructuring has been fully paid.

Huadong Heavy Machinery announced that the company has sold 100% equity of Runxing Technology to Guangdong Yuanyuan through cash payment, with a total transaction price of 700 million yuan to be paid in three installments. As of November 25, 2024, Guangdong Yuanyuan has paid 357 million yuan for the first two installments; the equity transfer was completed on December 17, 2024; and as of December 20, 2025, Guangdong Yuanyuan has paid the third installment of 262 million yuan, with a remaining balance of 81 million yuan. As of the date of the announcement, the company has received the remaining payment of 81 million yuan, and the full transaction price has been paid in full.