To safeguard the company's value and shareholders' rights and interests,
strengthen investors' confidence in the company, and promote the company's
long-term, sustainable, and high-quality development, COSCO SHIPPING
Development announced a new share repurchase plan on April 8, 2025. A-share Share Repurchase Number of shares to be repurchased: 40 million to 80 million shares Maximum repurchase price: RMB 3.53 per share Repurchase amount: Estimated to be RMB 141.2 million to RMB 282.4
million Repurchase method: Centralized bidding transaction H-share Share Repurchase The Company intends to simultaneously implement the H-share share
repurchase under the general authorization for repurchasing H-shares granted
at the 2023 Annual General Meeting of stockholders and 2024 First A-share
Class Meeting of stockholders and the 2024 First H-share Class Meeting of
stockholders, in accordance with the Listing Rules of The Stock Exchange of
Hong Kong Limited, the Company's articles of association, and other
applicable laws and regulations. Meanwhile, the Company successfully completed the previous A-share and
H-share repurchase plan on April 8, 2025: a total of 72,220,500 A-shares and
147,101,000 H-shares were repurchased, with a total of 219,321,500 shares
repurchased and a total repurchase amount of approximately RMB 323 million. Currently, the global economic landscape is evolving at an accelerated
pace, China's economy is steadily advancing toward high-quality development,
new quality productivity is thriving, and the foundation for steady progress
is more solid. COSCO SHIPPING Development actively responds to market
challenges, proactively embraces market opportunities, strengthens its
development conviction, builds a foundation for development, and enhances
shareholder returns with the strategic positioning of industry-finance
integration, the driving force of digital and intelligent innovation, and the
sustainable drive of green and low-carbon development. The Company's
continuous implementation of share repurchases fully demonstrates its strong
confidence and solid determination in its future steady and sustainable
development and is a positive practice of the Company's long-standing
philosophy of continuously creating value for investors. In the future, COSCO SHIPPING Development will stay true to its original
aspiration in the global economic tide, continue to focus on "new"
initiatives on the path of promoting its own high-quality development,
clarify new market trends, lay out a new industry-finance landscape, forge
new quality productivity, expand new paths for value return, continue to
create greater value for shareholders, and effectively interpret corporate
responsibility. Focused on Investor Returns Continuously enriching value return
channels Sustained and stable dividend
distribution Implemented an interim dividend for
the first time in 2024 and proposed a final dividend Annual cash dividend of RMB 0.38 per
10 shares A-share + H-share repurchases (as of
April 8) Total repurchased shares: 219 million
shares Total repurchase amount: Approximately
RMB 323 million 2024 annual cash dividend total (including A-share repurchase amount
during the reporting period) Total: RMB 619 million Accounting for 36.70% of net profit
attributable to shareholders of the listed company 
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