COSCO Shipping Holdings shareholders approve key financial and operational agreements

COSCO Shipping Holdings Co. announced that all resolutions proposed at its extraordinary general meeting (EGM) on October 31, 2025, were duly passed by poll. These resolutions included the approval of continuing connected transactions under the Master Financial Services Agreement, the COSCO SHIPPING Master Agreements, and the SIPG Shipping and Terminal Services Agreement, along with their proposed annual caps.

A significant majority of votes were cast in favor. Resolution 1 (Master Financial Services Agreement) received 94.2548% "For" votes, and resolution 3 (SIPG Shipping and Terminal Services Agreement) received 99.9592% "For" votes. The total number of issued shares of the company as at the date of the EGM was 15,489,754,739.

China COSCO Shipping Corporation Limited and its associates, holding approximately 45.25% of the total issued share capital, abstained from voting on resolutions 1 and 2 due to their connected person status and material interest in the transactions. The EGM was chaired by Mr. Tao Weidong, an executive director and general manager.