China Shipbuilding Industry Group Power announced that the company is planning to purchase 16.51% equity of China CSSC Diesel Engine Co., Ltd. held by China Shipbuilding Industry Group Limited through issuing convertible corporate bonds and paying cash. This transaction constitutes a related party transaction, is expected not to constitute a major asset restructuring, and will not result in a change of the company's actual controller. As the transaction is still in the planning stage, in order to protect the interests of investors and avoid abnormal fluctuations in the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, the company's securities and convertible corporate bonds will continue to be suspended from trading.