China Merchants Energy Shipping advances share repurchase program

China Merchants Energy Shipping (SSE:601872) announced today that it has continued its share repurchase program. Between the date of shareholder approval and the end of April 2025, the company has repurchased 6,804,2500 shares, representing 0.84% of the company's total share capital. The repurchases were made at prices ranging from CNY 5.74 to CNY 7.05 per share, with a total expenditure of CNY 435,325,300 (excluding transaction costs). The company intends to use the repurchased shares for cancellation to reduce registered capital. The repurchase program, initially disclosed on October 18, 2024, is authorized to repurchase shares up to CNY 443,000,000 with a minimum of CNY 222,000,000. China Merchants Energy Shipping will continue to implement the repurchase program in compliance with relevant regulations.