Huadong Heavy Machinery announced that the company plans to issue A-shares to specific targets using a simple procedure, with no more than 35 issuers, all subscribed in cash. The pricing reference date is the first day of the issuance period, and the issue price is not lower than 80% of the average trading price of the company's stock in the 20 trading days before the pricing benchmark date. After deducting the issuance fee, all of the funds raised will be used for the East China Heavy Machinery Intelligent Manufacturing Base project. The offering has been reviewed and approved by the company's board of directors and the 2025 annual shareholders' meeting. It still needs to be reviewed and approved by the Shenzhen Stock Exchange and registered with the China Securities Regulatory Commission before it can be implemented.

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