Completion of A-Share Buyback Program by COSCO SHIP DEV

Stock News19:20

An announcement has been issued by COSCO SHIP DEV (ASX: 02866). The company has successfully concluded its current A-share repurchase plan, which was finalized on June 30, 2026. A total of 41,556,100 A-shares were repurchased, representing approximately 0.3149% of the company's total share capital as of that date.

The buyback was executed at a maximum price of RMB 3.04 per share and a minimum price of RMB 2.43 per share, resulting in an average repurchase price of RMB 2.64 per share. The total funds utilized amounted to RMB 111,469,700, excluding transaction fees.

Of this total expenditure, RMB 53,339,100 (excluding fees) was sourced from a dedicated bank loan facility established for the repurchase, while the remaining RMB 58,130,600 (excluding fees) came from the company's own capital resources.

Following an application by the company, the 41,556,100 repurchased A-shares are scheduled to be cancelled with China Securities Depository and Clearing Corporation on July 2, 2026. The company will subsequently complete the necessary procedures for the change in registration.

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