COSCO Shipping Development lifts cumulative A-share buyback to 35.88 million shares

Bulletin Express05-07

On 7 May 2026, COSCO Shipping Development Co., Ltd. (A-share code 601866; H-share code 02866) filed a Next Day Disclosure Return reporting the repurchase of 1.50 million A-shares on the Shanghai Stock Exchange. The shares were bought at prices ranging from RMB 2.71 to RMB 2.72, for a total consideration of RMB 4.08 million, and are earmarked for cancellation.

Including the latest transaction, the company has bought back 35.88 million A-shares between 18 November 2025 and 7 May 2026 that remain pending cancellation. The cumulative volume equates to approximately 0.37% of the current issued share capital of 9.75 billion shares. Based on disclosed prices, the aggregate cash outlay stands at about RMB 96.22 million, translating into a weighted average repurchase price of roughly RMB 2.68 per share.

Despite the ongoing buyback programme, the total issued share capital is unchanged at 9.75 billion shares as of 7 May 2026, since the repurchased shares have not yet been cancelled. The company confirmed that all transactions were duly authorised by the board and executed in compliance with applicable regulations.

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