Pacific Basin Shipping repurchases shares, mandate utilization reaches 0.5659%

Pacific Basin Shipping Limited confirmed a repurchase of 4,000,000 ordinary shares on the Exchange on 12 September 2025. The shares were bought at a volume-weighted average price of HKD 2.4386 per share, with prices ranging from HKD 2.42 to HKD 2.45. The total cost for these repurchased shares was HKD 9,754,400.

The company's closing balance of issued shares (excluding treasury shares) remains at 5,224,307,803 as of 12 September 2025. Following this activity, 4,010,000 shares have been repurchased for cancellation but are not yet cancelled, representing 0.077% of existing issued shares before the event.

Pacific Basin Shipping holds a repurchase mandate from 25 April 2025, authorizing the repurchase of up to 513,699,014 shares. To date, the company has repurchased 29,072,000 shares on the Exchange, representing 0.5659% of issued shares as at the date of the resolution granting the mandate. The company also confirmed no material changes to the Explanatory Statement dated 2 April 2025.