COSCO SHIP DEV (COSCO SHIPPING Development Co., Ltd.) disclosed a Next Day Disclosure Return dated 1 April 2026, detailing the latest progress of its A-share repurchase programme on the Shanghai Stock Exchange.

Key points

1. Latest repurchase • Date: 1 April 2026 • Volume: 1.37 million A shares • Price range: RMB 2.72 – RMB 2.73 per share, implying an outlay of RMB 3.75 million • All shares will be cancelled; none will be held as treasury stock.

2. Cumulative repurchases pending cancellation • From 18 November 2025 to 1 April 2026 the company has bought back 19.39 million A shares, equal to roughly 0.20 % of the current share base. • Volume-weighted average prices for these trades range between RMB 2.43 and RMB 2.73 per share, with individual day purchases spanning RMB 2.46 – RMB 2.73.

3. Share capital position • Issued A shares (excluding treasury shares) remained at 9.75 billion both before and after the latest transaction, as the repurchased shares have not yet been cancelled. • Once all pending cancellations are completed, the share count will decrease by 19.39 million shares, modestly enhancing earnings per share by reducing outstanding equity.

4. Compliance confirmation • The board affirms that all repurchases complied with Hong Kong Stock Exchange Main Board and Shanghai Stock Exchange regulations, with full receipt of funds and fulfillment of listing and filing requirements.

Implications

The continued execution of the buyback indicates management’s commitment to capital-management initiatives. While the immediate share count is unchanged, the expected cancellation of the 19.39 million repurchased shares will marginally reduce the company’s issued capital, potentially benefiting per-share metrics once the process is completed.