Pacific Basin Shipping Limited announced a share buyback programme scheduled to run from 4 March 2026 to 31 December 2026. The programme will utilize up to US$40.00 million (equivalent to HK$312.00 million), representing approximately 1.70% of the total issued shares based on the 3 March 2026 closing price of HK$3.56 per share.

The buyback will be conducted under the share repurchase mandates granted at the 2025 annual general meeting as well as the mandate proposed to be approved at the 2026 annual general meeting. Any shares repurchased under the programme will be cancelled, and the company will fulfill relevant disclosure obligations according to applicable regulatory requirements. According to the announcement, the company considers the initiative a reflection of confidence in its long-term business outlook and capital structure optimization aimed at potentially enhancing earnings per share, net asset value per share, and shareholder return.

The company also stated that the actual scale and timing of any share buybacks will depend on market conditions and remain at the discretion of the board and management. Shareholders and investors are advised to exercise caution in trading the company’s shares.