Cosco Shipping Holdings to repurchase A and H shares

Cosco Shipping Holdings has announced a comprehensive plan to repurchase its A Shares and H Shares, following approvals at its 2024 annual general meeting and subsequent class meetings. The A Shares Repurchase Plan, approved by the board on October 13, 2025, proposes to buy back 50m to 100m A Shares, representing 0.32% to 0.65% of its total share capital as of September 30, 2025. The maximum repurchase price for A Shares is RMB14.98 per share, potentially totaling up to RMB1.498 bn. These repurchased A Shares will be cancelled to reduce the company's registered share capital.

The repurchase period for A Shares will be within three months from the board approval date. The company intends to conduct the repurchases through centralized price bidding on the Shanghai Stock Exchange, using self-owned or self-raised funds. The decision to repurchase A Shares was driven by the closing price being lower than the net asset value per share.

In addition to A Shares, Cosco Shipping Holdings plans to simultaneously repurchase H Shares under a general mandate. The company's financial analysis indicates that the A Shares repurchase will not materially affect its daily operations, financial conditions, or listing status, with the total funds for repurchase representing a small fraction of its assets, net assets, and cash equivalents as of June 30, 2025.