Pacific Basin Shipping repurchases shares for cancellation

Pacific Basin Shipping Limited announced on November 7, 2025, that it has repurchased a total of 946,000 ordinary shares on the Exchange. These repurchases were made at prices ranging from HK$2.62 to HK$2.63 per share, with an aggregate price paid of HK$2,487,601.6. These shares are intended for cancellation, reflecting the company’s capital management strategy.

The repurchases on November 7, 2025, are part of a broader series of repurchases for cancellation that accumulated 17,337,000 shares since October 23, 2025. The company's opening balance of issued shares as of November 6, 2025, was 5,208,363,803, and its closing balance on November 7, 2025, remains the same as the repurchased shares have not yet been canceled.

The company's board granted the repurchase mandate on April 25, 2025, authorizing the repurchase of up to 513,699,014 shares. As of November 7, 2025, a total of 58,337,000 shares have been repurchased on the Exchange, representing 1.1356% of the issued shares at the date the mandate was granted.