COSCO Shipping Development begins A-share repurchase, also buys back H-shares

COSCO Shipping Development announced on November 18, 2025, the initial repurchase of 3,000,000 A-shares through centralized bidding transactions. This move, representing 0.0227% of the company’s total share capital as of November 17, 2025, involved a total expenditure of RMB 8,064,424. The repurchased shares were priced between RMB 2.67 and RMB 2.71 per share. The company noted that this repurchase aligns with its share repurchase plan and relevant regulations.

The A-share repurchase program, approved by shareholders on September 23, 2025, has a total estimated value ranging from RMB 152,400,000 to RMB 304,800,000, targeting 40,000,000 to 80,000,000 shares. The primary purpose of this repurchase is to reduce registered capital. The program's implementation period is from September 23, 2025, until the conclusion of the company's 2025 annual general meeting, expected around June 30, 2026.

Concurrently, the company also reported the repurchase of 3,000,000 H-shares on November 18, 2025, at HK$1.2 per share, totaling HK$3,600,000. These H-shares are designated for cancellation and represent 0.08707% of the total H-share capital as of the resolution approval date.