Cosco Shipping continues A-share buyback, approaching halfway mark

COSCO SHIPPING Holdings (SSE:601919) announced it has continued its A-share buyback program, reaching a significant milestone. The company has already repurchased 47,244,350 A shares, accounting for 0.30% of the total share capital, as of April 30, 2025. The buyback program was initially approved at a Board meeting on April 8, 2025, with a proposed budget ranging from CNY 741.5 million to CNY 1483 million. The repurchased shares are intended to be used for maintaining company value and shareholder interests.