Cosco Shipping Development buys back shares

COSCO SHIPPING Development (SSE:601866) announced that it repurchased 501,200 A-shares on March 7, 2025, on the Shanghai Stock Exchange. The shares were bought back at a price of RMB 2.3289 each, with the highest price being RMB 2.32 and the lowest being RMB 2.30. The total expenditure for the buyback amounted to RMB 1,167,226. The shares repurchased are intended for cancellation, reducing the total number of issued shares in the company. The buyback was conducted in accordance with relevant regulations and has been duly authorized. The company confirmed that there have been no material changes to the information outlined in its previous circular dated June 7, 2024.