COSCO Shipping Development secures loan for share repurchase program

COSCO Shipping Development announced on September 17, 2025, that it has secured a loan commitment from the Shanghai Branch of Bank of China for a dedicated stock repurchase loan. This facility, with a maximum amount of RMB 274.32 million and a term not exceeding three years, supports the company's plan to repurchase 40 million to 80 million A shares at a price not exceeding RMB 3.81 per share, as approved by the board on August 29, 2025.

In a related announcement, the company will hold a 2025 semi-annual performance briefing on September 25, 2025, from 13:30 to 14:45, via the Shanghai Stock Exchange Roadshow Center to discuss its financial results and address investor questions. Investors can submit questions from September 18 to September 24, 2025.

Concurrently, COSCO Shipping Development also disclosed its top ten shareholders as of the equity registration date of September 16, 2025, for the extraordinary general meeting. China Shipping Group Co., Ltd. is the largest shareholder, holding 4,628,015,690 A shares, representing 35.07% of the total share capital. HKSCC NOMINEES LIMITED follows with 3,430,085,004 H shares, accounting for 25.99%.