Cosco Shipping Development repurchases shares on HKEX

COSCO SHIPPING Development (02866.HK) announced that it repurchased 543,000 of its H-shares on the Hong Kong Stock Exchange on June 2, 2025. The shares were bought back at a price range of HKD 0.9515 and HKD 0.95 per share. The total consideration paid for the repurchase was HKD 516,650. The company intends to cancel the repurchased shares. The repurchase was conducted under a mandate approved on June 28, 2024, allowing the company to repurchase up to 367,600,000 shares. So far, COSCO SHIPPING has repurchased 195,656,000 shares representing 5.32252% of the company's issued share capital as of the date the repurchase mandate was approved. COSCO SHIPPING confirms that the buyback was conducted in accordance with listing rules and that information previously submitted to the HKEX remains accurate. The company will not issue any new shares or resell shares for the next 30 days.