Xin Lang Cai Jing·2025-10-09 15:23Core Viewpoint - China COSCO Shipping Development announced the progress of its A-share repurchase plan, detailing the timeline and expected financial implications of the buyback [1][2]. Summary by Sections Repurchase Plan Details - The key information regarding the repurchase plan was first disclosed on August 30, 2025. - The implementation period is from the date of approval by the shareholders' meeting (September 23, 2025) until the conclusion of the 2025 annual shareholders' meeting, expected to be held by June 30, 2026. - The estimated repurchase amount is between 152.4 million yuan and 304.8 million yuan, based on the upper limit of the repurchase price [1]. Repurchase Quantity and Purpose - The number of shares to be repurchased is estimated to be between 40 million and 80 million shares. - The purpose of the repurchase is to reduce registered capital [1]. Current Repurchase Status - As of the announcement date, no shares have been repurchased, with a cumulative repurchased amount of 0 million yuan, representing 0% of the total share capital. - The company stated it will make repurchase decisions based on market conditions within the designated period and will fulfill its information disclosure obligations in a timely manner [2].