Cosco Shipping Energy increases A-shares by 694m after October placement

Cosco Shipping Energy Transportation Co., Ltd. announced a significant increase in its issued A-shares, with 694,444,444 new A-shares issued through a placement/subscription event on October 22, 2025. This transaction, approved on April 11, 2025, was priced at RMB 11.52 per share.

This brought the total number of issued A-shares (excluding treasury shares) to 4,169,220,839 by the end of October 2025, a rise from the 3,474,776,395 A-shares outstanding at the close of the preceding month.

The company also disclosed details regarding its 2023 A Share Option Incentive Schemes. As of October 31, 2025, there are 22,309,600 A-share options outstanding from the initial grant (exercise price RMB 13.00) and 4,635,800 A-share options outstanding from the reserved grant (exercise price RMB 12.09). These options were approved on May 10, 2024, and no new shares were issued from these schemes during October.

The total authorised and registered share capital of the company at the end of October 2025 stands at RMB 5,465,220,839, comprising both A and H shares. The number of H-shares remained unchanged at 1,296,000,000 during the month.