Cosco Shipping Energy Transportation completes RMB8bn A share issuance

COSCO SHIPPING Energy Transportation Co., Ltd. successfully completed its A Share issuance under a specific mandate on October 22, 2025. This strategic move resulted in the issuance of 694,444,444 A Shares at RMB11.52 per share, raising gross proceeds of RMB7,999,999,994.88. After deducting issuance costs, net proceeds totaled RMB7,979,510,279.32.

The newly issued A Shares represent approximately 12.71% of the company's issued share capital post-issuance. Key subscribers include National Green Development Fund Co., Ltd., Guoxin Development Investment Management Co., Ltd., and China State-owned Enterprise Structural Adjustment Fund II Co., Ltd., alongside other entities. These changes modify the shareholding structure, with COSCO SHIPPING and its associates now holding 46.90% of the total issued share capital, down from 46.45% before the issuance.

Despite the shareholding adjustments, Cosco Shipping Energy Transportation confirms it continues to meet the public float requirement under applicable Listing Rules. This capital injection is intended for purposes outlined in the Letter from the Board of the Circular, reinforcing the company’s financial position.