Cosco Shipping Development announces buyback program update

COSCO SHIPPING Development (SSE:601866) released an announcement detailing changes in its issued share capital and buyback activities. On May 16, 2025, the company executed a buyback of 200,000 A-shares at an average price of RMB2.73 per share, totaling RMB546,000. In addition, the company bought back 1,000,000 H-shares totaling HKD1,040,000. With the buyback of A-shares the issued share capital increased to 9,827,718,112 shares and 28,724,292 shares were bought back by the company but not cancelled. The company disclosed that it had repurchased a total of 172,344,000 shares, approximately 4.68836% of the total approved for buybacks.