Liaoning Port completes share buyback, reduces capital

Liaoning Port Co., Ltd. has completed its share repurchase program, buying back 333,707,456 shares, representing 1.3959% of its total share capital, for a total of CNY 544,826,038. The repurchase, executed via centralized bidding between September 24, 2024, and September 1, 2025, aimed to reduce registered capital, with shares acquired at prices ranging from CNY 1.45 to CNY 1.76 per share. The company will cancel these shares on September 2, 2025.

The buyback was initiated on September 6, 2024, following board and shareholder approvals, with a target repurchase amount of CNY 4.2 billion to CNY 8.4 billion and a price cap of CNY 1.85 per share (adjusted from CNY 1.87 due to a 2024 annual equity distribution). Concurrently, Dalian Port Group, a major shareholder, is implementing a separate A-share increase plan, having acquired 136,214,391 shares for CNY 22,999.93, with further acquisitions planned.

Following the share cancellation, Liaoning Port's total share capital will decrease to 23,571,767,213 shares. The buyback is not expected to significantly impact the company's operations, financial standing, or future development, nor its listing status or control structure. The company will hold a 2025 semi-annual performance briefing on September 9, 2025.