Cosco Shipping Development announces share buyback and issuance changes

COSCO SHIPPING Development (SSE:601866) announced a series of share buybacks for both its H shares (HKD) and A shares (RMB) resulting in a change to its issued share capital. On May 6, 2025, the company repurchased 3,607,000 H shares on the Hong Kong Stock Exchange at prices ranging from HKD 0.91 to HKD 0.9186 per share, totaling HKD 3,313,320. These shares are intended for cancellation. Additionally, on the same day, COSCO SHIPPING Development bought back 600,000 A shares for RMB 1,368,000 on the Shanghai Stock Exchange. Including prior buybacks, the total number of A shares repurchased but not yet canceled reached 28,724,292. As a result, the total number of A shares issued increased from 9,798,993,820 to 9,827,718,112. The H-share count remains unchanged.