COSCO Shipping announces leadership changes and share repurchases

COSCO Shipping Holdings Co., Ltd. (HKEX:1919) announced significant leadership changes and share repurchase activity. Effective April 16, 2025, Vice Chairman CHEN Yangfan resigned due to work arrangement changes. Concurrently, the board nominated ZHANG Feng for election as an executive director, subject to shareholder approval. The board also appointed CHENG Jing as Deputy General Manager, effective the same date. Additionally, COSCO revealed ongoing share repurchase activity. Between April 9 and April 17, 2025, the company repurchased shares for cancellation totaling 6,390,200, with prices ranging from RMB14.12 to RMB14.29 per share. The total aggregate price paid for these repurchases was RMB90,635,446. These repurchases reflect the company's continued execution of its share repurchase mandate. The board confirmed these repurchases complied with Main Board Rules and had no material changes from the previously filed Explanatory Statement.