COSCO SHIPPING Development Co., Ltd. (COSCO SHIP DEV) disclosed a Next Day Disclosure Return detailing the latest progress of its A-share repurchase programme on the Shanghai Stock Exchange.

Key takeaways:

1. Latest transaction • On 2 April 2026, the company repurchased 1.50 million A-shares through on-market trades at prices ranging from RMB 2.74 to RMB 2.76 per share. • Total consideration for the day amounted to RMB 4.14 million. • All shares bought back are designated for cancellation.

2. Cumulative repurchases not yet cancelled • From 18 November 2025 to 2 April 2026, COSCO SHIP DEV has repurchased 20.89 million A-shares for cancellation, representing approximately 0.21 % of the current issued share capital. • Based on disclosed transaction prices, the aggregate outlay for these repurchases is estimated at about RMB 54.13 million, with purchase prices ranging between RMB 2.43 and RMB 2.76 per share.

3. Share capital position • Issued A-shares stood unchanged at 9.75 billion as of both 1 April and 2 April 2026. • The company held no treasury shares at either date, as all repurchased shares remain outstanding until formal cancellation.

4. Compliance confirmation The board confirms that all repurchases were executed in accordance with applicable regulations of the Hong Kong Stock Exchange, the Shanghai Stock Exchange and relevant laws, with all funds for the repurchases duly settled.

The ongoing buyback programme reflects COSCO SHIP DEV’s utilisation of its authorised mandate, with share cancellations pending completion of regulatory procedures.