Cosco Shipping Holdings continues share buyback program

COSCO SHIPPING Holdings Limited announced that it repurchased 3,964,000 H-shares on the Hong Kong Stock Exchange on March 24, 2025. The shares were bought back at prices ranging from HKD 12.28 to HKD 12.64 per share, resulting in a total expenditure of HKD 49,484,960. This repurchase activity is part of an ongoing program authorized by a resolution passed on May 29, 2024, which allows the company to repurchase up to 319,978,000 shares. As of March 24, 2025, COSCO SHIPPING has bought back a total of 212,034,500 shares, representing 6.6265% of the company's issued share capital as of the date of the repurchase mandate. The company confirms that the buyback was conducted according to exchange rules and that information in the prior circular remains valid.