Cosco Shipping Development announces share repurchases

COSCO SHIPPING Development announced today the repurchase of 5,000,000 H-shares on the Hong Kong Stock Exchange, executed on May 20, 2025. The shares were bought back at prices ranging from HKD 0.98 to HKD 0.9835 per share. The total consideration paid for the repurchase amounted to HKD 4,917,740. The company indicated that these shares will be cancelled. As of May 20, 2025, the number of shares repurchased but not yet cancelled totals 178,344,000, representing 4.85158% of issued shares on the date of the repurchase mandate's resolution. The buyback was authorized on June 28, 2024, and the mandate expires on June 19, 2025.