COSCO shipping specialized carriers: restricted shares to circulate

COSCO Shipping Specialized Carriers Co., Ltd. (SSE:600428) announced that 298,634,812 restricted shares, issued to specific targets, will become tradable on September 19, 2025. This follows the China Securities Regulatory Commission's (CSRC) approval on December 25, 2024, for the company to issue 597,269,624 A-share common shares to specific targets.

These shares originate from a private placement completed on March 17, 2025. While the indirect controlling shareholder, China COSCO Shipping Group Co., Ltd., committed to an 18-month lock-up period, other subscribers' shares, totaling 298,634,812, had a 6-month lock-up.

As of the announcement date, COSCO Shipping Specialized Carriers' total share capital remains unchanged at 2,743,920,395 shares. CITIC Securities, as the sponsor, confirmed that the release complies with relevant laws and regulations, and all shareholders have honored their lock-up commitments.