COSCO SHIPPING Development begins share buyback program

COSCO SHIPPING Development announced the commencement of its A-share repurchase program, with initial repurchases totaling 5.5 million shares. This represents approximately 0.0417% of the company's total share capital. The highest price paid for these shares was RMB 2.71 per share, while the lowest was RMB 2.53 per share, bringing the total expenditure to RMB 14.5124 million, excluding transaction fees.

The company plans to repurchase between 40 million and 80 million shares, with an estimated total value ranging from RMB 152.4 million to RMB 304.8 million. The repurchase period is set to run from September 23, 2025, until June 30, 2026, coinciding with the end of the 2025 annual shareholders' meeting.

This share repurchase is primarily aimed at reducing the company's registered capital. COSCO SHIPPING Development confirmed that all repurchases comply with relevant laws, regulations, and the company's approved repurchase plan.