COSCO SHIPPING Holdings continues share repurchase program

COSCO SHIPPING Holdings (SSE:601919) continues its share repurchase program, buying back 31,974,992 A-shares in February 2025 for approximately RMB 446.4 million (excluding transaction costs), according to its latest filings. This brings the cumulative A-share buyback to 89,080,112 shares, representing 0.56% of the company's total share capital as of February 28, 2025. The prices paid during February ranged from RMB 13.58 to RMB 14.50 per share. The cumulative expenditure for the buyback program has reached RMB 1.25 billion (excluding transaction costs), with prices ranging from RMB 13.51 to RMB 14.71 per share. The buyback program, approved by shareholders in November 2024, aims to repurchase between 50 million and 100 million A-shares for up to RMB 2 billion. The company intends to use the repurchased shares for reducing registered capital. COSCO SHIPPING Holdings stated the buyback activities align with regulations and its previously defined buyback plan.