COSCO Shipping Development announces share repurchase program

COSCO Shipping Development Co., Ltd. announced a share repurchase program, approved at its Seventh Board of Directors' Thirtieth Meeting on August 29, 2025. The full details of the repurchase plan were disclosed on August 30, 2025, under announcement number 2025-049. This initiative, carried out through centralized bidding, aims to optimize the company's capital structure.

As of August 29, 2025, the day before the announcement of the repurchase resolution, the company's total share capital stood at 13,197,655,820 shares. China COSCO Shipping Group Co., Ltd. and its subsidiaries hold a significant portion of the company. China COSCO Shipping Group Co., Ltd. directly owns 47,570,789 A shares. Its wholly-owned subsidiary, China Ocean Shipping Group Co., Ltd., holds 4,628,015,690 A shares, and COSCO Shipping Investment Holdings Co., Ltd., another wholly-owned subsidiary, holds 1,447,917,519 A shares and 100,944,000 H shares.

The top three shareholders are China Ocean Shipping Group Co., Ltd. with 4,628,015,690 A shares (35.07%), HKSCC Nominees Limited with 3,430,045,104 H shares (25.99%), and COSCO Shipping Investment Holdings Co., Ltd. with 1,447,917,519 A shares (10.97%). All company shares are unrestricted, meaning the top ten shareholders also constitute the top ten unrestricted shareholders.