Zheng Quan Zhi Xing·2025-08-29 12:18Meeting Overview - The 30th meeting of the 7th Board of Directors of COSCO Shipping Development Co., Ltd. was held on August 29, 2025, with all 6 attending directors present [1] - The meeting was chaired by Chairman Zhang Mingwen, and it complied with relevant laws and regulations [1] Financial Reports - The Board approved the financial report for the first half of 2025 with a unanimous vote of 6 in favor [2] - The half-year report and summary were published on the Shanghai Stock Exchange and the company's website [2] Profit Distribution - The Board approved a mid-year profit distribution plan, proposing a cash dividend of 0.22 yuan per 10 shares (tax included) [2] - This distribution plan does not require further approval from the shareholders' meeting [2] Share Buyback - The Board agreed to repurchase shares in the secondary market, with a minimum buyback quantity set at 150% of the average trading price over the previous 30 trading days [3][4] - The buyback will be funded by the company's own and self-raised funds [4] Investment and Capital Increase - The Board approved an investment and disposal adjustment plan [5] - The company will increase the registered capital of its wholly-owned subsidiary, Hainan COSCO Shipping Development Co., Ltd., by 231.25 million yuan, along with additional capital increases for its other subsidiaries [5] Risk Assessment - The Board reviewed and approved a risk assessment report from COSCO Shipping Group Financial Co., Ltd. with a vote of 3 in favor [5]