SIPG repurchases restricted shares, subsidiary updates loan to Maersk

Shanghai International Port Group (SIPG) announced the repurchase and cancellation of 1,404,758 A-share restricted shares from four initial incentive recipients. This decision, authorized by the 2020 annual general meeting, follows a review by the board of directors and supervisors, citing certain incentive objects failing to meet performance targets. The adjusted repurchase price for these shares is 1.51504 yuan per share.

This action will reduce the company's total share capital from 23,281,365,262 shares to 23,279,960,504 shares. The repurchases are expected to be finalized by December 24, 2025.

Separately, SIPG's subsidiary, Shanghai Hudong Container Terminal Co., Ltd. (Hudong Company), loaned a total of 147 million yuan to Maersk Supply Service Co., Ltd. on December 19, 2025. This loan, with an interest rate of 2.00% and a term from December 19, 2025, to December 19, 2026, falls within the 245 million yuan lending limit approved by the board for Maersk Supply Service. Following this transaction, Hudong Company has fully utilized its approved lending quota to Maersk Supply Service. The total outstanding external loans for SIPG and its controlled subsidiaries now amount to 2.9 bn yuan and 22.67 bn yuan, respectively.