COSCO SHIP DEV Updates on Share Repurchase: 40.00 Million A Shares Pending Cancellation, Issued Capital Steady at 9.75 Billion

Bulletin Express05-12

COSCO SHIPPING Development Co., Ltd. (COSCO SHIP DEV) released a Next Day Disclosure Return dated 12 May 2026, detailing recent movements in its A-share capital on the Shanghai Stock Exchange.

The company’s issued share capital remained unchanged at 9.75 billion ordinary A shares between the opening balance on 11 May 2026 and the closing balance on 12 May 2026. No new shares were issued and no treasury shares were sold during the period.

Repurchase activity continues to be the only driver of share count adjustments. As of the latest reporting date, a cumulative 40.00 million A shares—equivalent to approximately 0.41 % of the current issued share base—have been repurchased but not yet cancelled since the programme began on 18 November 2025. Repurchase prices over this period ranged from RMB 2.43 to RMB 3.00 per share.

Latest transaction: on 12 May 2026, COSCO SHIP DEV bought back 1.12 million A shares on the Shanghai Stock Exchange at prices between RMB 2.67 and RMB 2.69, for a total consideration of RMB 3.00 million. These shares are designated for cancellation.

The board confirms that all repurchases were conducted in compliance with applicable listing rules and domestic regulations, and that settlement for the shares is pending final cancellation.

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