Shanghai International Port Group to repurchase shares, reduce capital

Shanghai International Port Group announced plans to repurchase and cancel 1,404,758 restricted shares, leading to a reduction in registered capital. This decision, approved by the board of directors and board of supervisors on October 30, 2025, stems from certain incentive plan participants failing to meet performance targets.

Following the repurchase and cancellation, the company's total shares will decrease from 23,281,365,262 to 23,279,960,504. Registered capital will similarly reduce from CNY 23,281,365,262 to CNY 23,279,960,504. Creditors have been notified to submit claims within 45 days, starting October 31, 2025, if they wish to request debt repayment or corresponding guarantees.

This action aligns with previous authorizations from the 2020 annual general meeting, allowing the board to handle such matters without further shareholder approval. The company confirms that creditors' rights remain valid even if not exercised within the specified period.