China Merchants Shipping: Four directors plan to reduce their holdings of no more than 648,612 shares of the company.

COSCO Shipping announced that as of the disclosure date of the announcement, the company's directors and senior executives collectively hold 2,594,450 shares, accounting for 0.032131% of the total share capital. Wang Yongxin, Xu Hui, Hu Bin, and Kong Kang, four directors and senior executives, plan to collectively reduce their holdings by no more than 648,612 shares through centralized bidding within fifteen trading days after the announcement and within the next 2 months, accounting for no more than 0.008033% of the total share capital. The reduction of holdings by each person will not exceed 25% of their individual shareholding, and the reduction price will be determined by the market price. The reason for the reduction is personal fund needs. The implementation of this reduction plan is uncertain and will not have a significant impact on the company's governance and operations.