COSCO SHIPPING Development: A-share repurchase still pending

COSCO SHIPPING Development Co., Ltd. announced on October 9, 2025, that it has not yet initiated its previously approved A-share repurchase program as of September 30, 2025. The company will proceed with the repurchase plan opportunistically, based on market conditions.

The share repurchase program was approved by the board on August 29, 2025, and by shareholders on September 23, 2025. The plan allows for a repurchase of 40 million to 80 million shares, with an estimated value ranging from RMB152.4 million to RMB304.8 million. The primary purpose of the repurchase is to reduce the company's registered capital.

The repurchase period extends from the approval date until the conclusion of the company's 2025 Annual General Meeting, which is projected for June 30, 2026. The company will adhere to regulatory requirements and disclose further progress as the repurchase unfolds.