Cosco Shipping continues share buyback, reaching 0.56%

COSCO SHIPPING Holdings (SSE:601919) announced further progress in its ongoing share repurchase program. As of February 28, 2025, the company had cumulatively bought back 89,080,112 A-shares through集中竞价交易(centralized competitive transaction), accounting for 0.56% of the total share capital. The repurchases were made at prices ranging from RMB 13.51 to RMB 14.71 per share, totaling approximately RMB 1,250,579,385.60. The buyback program, initially approved on October 18, 2024, aims to utilize between RMB 1 billion and RMB 2 billion for purposes that include reducing registered capital and维护公司价值及股东权益(safeguarding company value and shareholder interests). The company stated that the buyback activities adhere to relevant regulations and its established repurchase plan. COSCO SHIPPING will continue to disclose further developments in a timely manner.