Cosco Shipping Development continues share buyback program

COSCO SHIPPING Development announced continued buyback activities on March 14, 2025, purchasing 500,000 A-shares on the Shanghai Stock Exchange at an average price of RMB 2.35 per share, for a total consideration of RMB 1,175,000. The company stated that these buybacks are part of an existing authorization, with the shares intended for cancellation. From November 14, 2024, to March 14, 2025, COSCO SHIPPING Development had bought back shares and not yet been cancelled a cumulative total of 28,724,292 A-shares. The company affirmed that these buyback activities comply with the relevant regulations of both the Shanghai and Hong Kong stock exchanges.