COSCO Shipping Development continues share buyback program

COSCO Shipping Development Co., Ltd. announced share buybacks on November 21, 2025, impacting both its H-shares and A-shares. For H-shares, the company repurchased 1,500,000 shares on the Hong Kong Stock Exchange at prices ranging from HK$1.1 to HK$1.1131, with a total expenditure of HK$1,669,700. These shares are intended for cancellation. The total number of repurchased H-shares under the current mandate stands at 5,000,000, representing 0.14511% of the existing H-shares.

Additionally, for its A-shares listed on the Shanghai Stock Exchange, COSCO Shipping Development repurchased 1,500,000 shares on November 21, 2025, at an average price of RMB 2.5487, incurring a total cost of RMB 3,822,996. These A-shares are also designated for cancellation. The buyback authorization for both share classes was approved on June 26, 2025, with the company authorized to repurchase up to 344,567,200 shares.

As of November 21, 2025, the company's total issued H-shares remain at 3,445,672,000, and A-shares at 9,751,983,820, reflecting the current state before the cancellation of repurchased shares.