Pacific Basin Shipping continues share buyback program, repurchases 458,000 shares

Pacific Basin Shipping Limited announced on November 19, 2025, that it has repurchased a total of 458,000 ordinary shares on the Exchange. The repurchases were executed at a price of HK$2.63 per share, amounting to an aggregate price paid of HK$1,204,540. These shares are intended for cancellation, as indicated by the disclosure. The company's closing balance of issued shares remains at 5,208,363,803, with zero treasury shares held.

The latest repurchase adds to a series of buybacks initiated by the company. Since October 23, 2025, Pacific Basin Shipping has repurchased shares on multiple dates, ranging from 8,000 to 10,000,000 shares per event. The repurchase prices varied between HK$2.50 and HK$2.63 per share. The total number of shares repurchased on the Exchange under the current mandate stands at 58,905,000, representing 1.1467% of the issued shares at the resolution date.

The share repurchase mandate was granted on April 25, 2025, authorizing the company to repurchase up to 513,699,014 shares. The company confirmed that all repurchases comply with Main Board Rules and the particulars of the Explanatory Statement dated April 2, 2025.