CIMC renews leasing deal, boosts buyback with HK$300m for H shares

China International Marine Containers (CIMC) announced the renewal of its Framework Agreement with Shenzhen Leasing, outlining continuing connected transactions from January 1, 2026, to December 31, 2028. This agreement involves the Group providing goods and services to Shenzhen Leasing Group, including tank containers and IT shared management services, and receiving goods and services like leasing and consulting services from them. The proposed annual caps for these transactions are RMB400m for sales by CIMC and RMB100m for purchases by CIMC for each year.

In a separate but concurrent announcement, CIMC also disclosed a second batch of H share repurchases, allocating an additional HK$300m for this purpose. This follows an initial repurchase of 60,491,200 H shares totaling HK$450,518,048.00. The repurchased shares will be held as treasury shares, potentially for employee share ownership plans or conversion of convertible bonds, aiming to protect shareholder interests and enhance investor confidence.