Cosco Shipping continues share repurchase program in March 2025

COSCO SHIPPING Development (SSE:601866) has been actively repurchasing its A-shares on the Shanghai Stock Exchange throughout March 2025. Between March 3rd and March 14th, the company executed daily buybacks of its A-shares, with prices ranging from RMB 2.29 to RMB 2.35 per share. On March 14th, COSCO SHIPPING repurchased 500,000 A-shares at a price of RMB 2.35 per share, amounting to a total expenditure of RMB 1,175,000. These repurchased shares will be cancelled. The ongoing share repurchase program reflects the company's confidence in its intrinsic value and commitment to enhancing shareholder value. Following these transactions, the company's total issued shares are 9,899,938,612. The company plans to continue buying back more A shares and canceling them.