COSCO Shipping Development yet to begin share buyback program

COSCO Shipping Development announced on November 3, 2025, that it has not yet initiated its previously approved A-share repurchase program as of October 31, 2025. The company intends to proceed with the buyback plan opportunistically based on market conditions.

The share repurchase program, approved on September 23, 2025, aims to reduce the company's registered capital. The planned buyback involves 40 million to 80 million shares, with an estimated value ranging from RMB 152.4 million to RMB 304.8 million. The buyback price is capped at RMB 3.80 to RMB 7.60 per share. The program's duration is set from September 23, 2025, until the conclusion of the company's 2025 Annual General Meeting, which is anticipated to be held by June 30, 2026.

As of the latest update, no shares have been repurchased, and no funds have been expended on the buyback. The company reaffirms its commitment to adhere strictly to relevant regulations regarding share repurchases and will provide timely disclosures on the program's progress.