China Merchants Energy Shipping announces share repurchase progress

China Merchants Energy Shipping announced the progress of its share repurchase program, initiated following shareholder approvals in October and November 2024. As of the end of March 2025, the company has cumulatively repurchased 55,602,200 shares, representing 0.68% of the total share capital. The repurchases were executed at prices ranging from CNY 6.18 to CNY 7.05 per share, totaling CNY 361,826,900, excluding transaction costs. The company intends to use the repurchased shares for capital reduction through cancellation. The repurchase program, with a budget between CNY 222,000,000 and CNY 443,000,000, remains ongoing, and the company will continue to disclose updates in compliance with regulatory requirements.