On November 14, the company officially launched the A-share repurchase. On the first day, 1,175,200 A shares were repurchased, with a repurchase price range of RMB2.66/share - RMB2.69/share, and the total repurchase amount reached to RMB3,144,400,000, and the Company's A and H share repurchases were synchronized. As of November 14, the Company repurchased 36.955 million H shares, and the total repurchase amount reached HK$39.882 million. The Company will continue to promote share repurchase in both A and H shares to strengthen the quality of the Company internally and build up its image externally, and to promote the realization of value through steady and prudent actions.

On October 20, the Company disclosed the “Announcement of COSCO SHIPPING Development's plan to repurchase shares by means of centralized bidding transactions and the repurchase report”, which expected to repurchase 40 million to 80 million A shares of the Company, and would implement the repurchase of H shares under the framework of the general authorization that had been approved by the shareholders' general meeting, and the repurchase of shares would be used in full for the purpose of cancellation and reduction of the registered capital.

On November 13, the Company held the Second Extraordinary General Meeting of 2024 and considered and passed the Proposal on the Company's Plan to Repurchase A Shares.