COSCO Shipping Development continues share buyback program

COSCO Shipping Development submitted its Next Day Disclosure Report on December 12, 2025, detailing movements in its A-share capital. The company's total issued shares (excluding treasury shares) remained at 9,751,983,820 as of December 12, 2025. This report specifically outlines share buybacks made for cancellation that have not yet been canceled.

On December 12, 2025, COSCO Shipping Development repurchased 500,000 A-shares on the Shanghai Stock Exchange. The buyback occurred at a highest price of RMB 2.4769 per share and a lowest price of RMB 2.47 per share, with a total cost of RMB 1,238,467. This transaction follows a series of buybacks from November 18, 2025, through December 11, 2025, with individual buyback amounts ranging from 500,000 to 3,000,000 shares per day.

The aggregate number of shares bought back for cancellation to date, including the December 12, 2025, transaction, totals 500,000 shares. These shares are intended for cancellation but have not yet been formally canceled as of the end of the reporting period. The company maintains that all transactions comply with relevant listing rules and have received necessary approvals.