COSCO Shipping Holdings (01919) plans to repurchase company shares.

COSCO Shipping Holdings (01919) announced on April 8, 2025 that the board of directors has approved a proposal to repurchase company shares. It is recommended to repurchase A-shares through a centralized bidding trading method under the general authorization framework for repurchasing A-shares, and to implement H-share repurchases under the general authorization framework for repurchasing H-shares. The A-share repurchase program will use all repurchased A-shares for cancellation and reduction of registered capital. The total amount of repurchased A-shares is 50 million to 100 million shares, accounting for approximately 0.32% to 0.63% of the company's total shares as of April 8, 2025. Based on the upper limit repurchase price of RMB 14.83 per share, the total limit of funds for repurchasing A-shares in this repurchase is RMB 1.483 billion. The specific number of repurchased A-shares, proportion of total shares, and total repurchase amount are subject to future implementation. The price for repurchasing A-shares under the A-share repurchase program is not more than RMB 14.83 per share (inclusive), and is not more than 150% of the average trading price of the company's stock for the thirty trading days prior to the board's approval of the repurchase resolution. The specific repurchase price will be determined during the repurchase period in combination with the company's secondary market stock price, financial status, and operating conditions. In addition to repurchasing A-shares, the company plans to simultaneously implement H-share repurchases under the general authorization for repurchasing H-shares, in accordance with the rules of the Hong Kong Stock Exchange, the company's articles of association, and other applicable laws and regulations. The aforementioned H-share repurchase arrangement does not require further approval from the company's shareholders' meeting.