COSCO Shipping Holdings (01919) plans to spend up to 1.498 billion yuan to repurchase A-shares.

COSCO Shipping Holdings (01919) announced that on October 13, 2025, the board of directors approved the proposal of "Proposal on COSCO Shipping Holdings repurchasing company shares", which suggests repurchasing A shares in a centralized bidding trading manner under the A-share repurchase plan and implementing H-share repurchase under the H-share repurchase arrangement. Due to the fact that the closing price of the company's A shares is lower than the company's latest net asset value per share, in order to maintain the company's value and shareholder equity, enhance investor confidence, and consider the company's financial situation, future development, and reasonable valuation level, the company plans to use its own funds or self-raised funds in accordance with relevant laws and regulations to repurchase A shares to align the company's stock market price with its intrinsic value. The A-share repurchase plan will use the repurchased A shares for cancellation and reduction of registered capital. The total amount of repurchased A shares under the plan is 50 million to 100 million shares, accounting for approximately 0.32% to 0.65% of the total share capital as of September 30, 2025. Based on the maximum repurchase price of RMB 14.98 per share, the total maximum amount of funds for this repurchase of A shares is RMB 1.498 billion. The specific number of repurchased A shares, percentage of total share capital, and total repurchase amount will be subject to future implementation. In addition to the A-share repurchase, the company plans to implement H-share repurchase under the H-share repurchase arrangement simultaneously, in accordance with the Hong Kong listing rules, company articles, and other applicable laws and regulations. The above H-share repurchase arrangement does not require further approval by the company's shareholders' meeting.