Tianjin Heavy Industries: Shareholder Zheng Xu with over 5% of shares terminates the agreement to transfer company shares.

Tianjin Heavy Industries Corporation announced that on May 6, 2025, the company received a notice from shareholder Zheng Xu, who holds more than 5% of the shares, regarding the termination of the agreement transfer. Due to market conditions and other reasons, the stock transfer agreement has been terminated, and the transaction has been terminated. Zheng Xu had originally planned to transfer 61,180,000 shares of the company's unrestricted tradable shares to Chang'an Trust, but as of the date of the announcement, the shares have not yet been transferred and the transfer has not taken place. The termination of this agreement transfer will not result in a change in the company's controlling rights and will not have any impact on the company's governance structure or daily production and operation.