Cosco Shipping Energy approves governance, incentive scheme updates

Cosco Shipping Energy Transportation Co., Ltd. has approved several administrative measures and rule amendments during its 2025 Second Extraordinary General Meeting held on September 26, 2025. These include updates to the 2023 Share Option Incentive Scheme, which outlines performance appraisal methods and conditions for share option grants and effectiveness.

Additionally, the company adopted new "Administrative Rules Governing Connected Transactions" and "Administrative Measures for External Investments." The "Rules and Procedures of Meetings of the Board of Directors" and "Rules and Procedures of Shareholders' General Meetings" also received their fifth and fourth amendments, respectively, on the same date, strengthening internal controls and meeting protocols.

Furthermore, the "Articles of Association" for Cosco Shipping Energy Transportation Co., Ltd. underwent its twenty-eighth amendment, considered and approved at the 2025 Second Extraordinary General Meeting. This comprehensive set of approvals underscores the company’s commitment to robust corporate governance and transparent, performance-driven management.