COSCO Shipping Development repurchases A-shares, reducing capital

COSCO Shipping Development announced on December 1, 2025, that it has repurchased 6,000,000 A-shares through centralized bidding as of November 30, 2025. This accounts for 0.0455% of the company's total share capital, with a total expenditure of approximately RMB 15.78m. Repurchase prices ranged from RMB 2.53 to RMB 2.71 per share.

The company's A-share repurchase plan, initially disclosed on August 30, 2025, involves repurchasing 40,000,000 to 80,000,000 A-shares, totaling RMB 152.4m to RMB 304.8m. This initiative aims to reduce the registered capital and will continue until the end of the 2025 annual general meeting, expected by June 30, 2026.

As of November 30, 2025, the company's total issued share capital remains at 3,445,672,000 H-shares and 9,751,983,820 A-shares. The total registered share capital for both H and A shares stands at RMB 13,197,655,820.