COSCO SHIPPING Energy parent completes planned share increase

COSCO SHIPPING Energy Transportation (SSE:600026) announced that its indirect controlling shareholder, China COSCO SHIPPING Group, has completed its previously announced plan to increase its holdings in the company. Between October 21, 2024, and the date of the announcement, COSCO SHIPPING Group increased its holdings by 59,721,564 A shares through the Shanghai Stock Exchange's trading system. The cumulative increase represents 1.25% of COSCO SHIPPING Energy's total share capital. The total amount of the increase was approximately CNY 721 million (excluding taxes and fees), reaching the lower limit of the previously announced increase plan. Prior to the share increase, COSCO SHIPPING Group directly and indirectly held 2,156,350,790 A shares in COSCO SHIPPING Energy, representing 45.20% of the company's total share capital. Following the increase, COSCO SHIPPING Group and its parties acting in concert hold 2,216,072,354 shares, or 46.45%.