COSCO SHIPPING Ports Announces Scrip Dividend Scheme for 2025 Second Interim Dividend

Date: 1 June 2026

Company: COSCO SHIPPING Ports Limited (Stock Code: 1199)

Key Highlights of the Report

• Second Interim Dividend Declared: The Board of Directors has declared a second interim dividend of HK10.2 cents per share for the year ended 31 December 2025.
• Scrip Dividend Scheme Introduced: Shareholders can elect to receive the dividend either in cash, in new fully paid shares (“Scrip Shares”), or a combination of both.
• Scrip Share Price Determination: The market value for new Scrip Shares is fixed at HK\$5.194 per share, based on the average closing price for the five trading days from 10 April 2026.
• Maximum New Shares Issuable: Up to 77,765,768 Scrip Shares may be issued, representing approximately 1.96% of the company’s issued share capital before the issue and 1.93% after the issue.
• Key Dates:
  • Record Date for entitlement: 16 April 2026
  • Last day to submit Election Forms: 4:30 p.m. on 16 June 2026
  • Dividend warrants and share certificates despatch: 30 June 2026
  • Expected first day of dealings in Scrip Shares: 2 July 2026
• Listing Status: Application has been made for the Scrip Shares to be listed and dealt in on the Stock Exchange of Hong Kong. The Scrip Shares will be accepted as eligible securities by Hong Kong Securities Clearing Company Limited for CCASS.
• Public Float Maintained: Even if all core connected persons opt for Scrip Shares, the minimum public float requirement (25%) will be maintained.
• International Shareholders: There are no legal restrictions or exemptions for shareholders in mainland China or the UK regarding receipt of Scrip Shares. PRC Southbound Trading Investors can participate through nominee services provided by ChinaClear.
• Effect on Shareholdings: Scrip Shares will rank pari passu with existing shares except for entitlement to the interim dividend. Fractional entitlements will be rounded down and accrue to the company.
• Conditions: The scheme is conditional on the Stock Exchange granting listing approval for the Scrip Shares.
• No Outstanding Convertible Securities: As of 27 May 2026, there were no outstanding options, warrants, or convertible securities issued by the company.

Important Details and Potentially Price-Sensitive Information

• Choice Could Signal Shareholder Confidence: If major or controlling shareholders opt for Scrip Shares instead of cash, it could be read as a positive sign regarding confidence in the company’s future. However, as of the circular date, the company has not received information on the intentions of controlling shareholders.
• Retention of Cash for Operations: The scheme enables the company to retain cash, which could strengthen its balance sheet and provide more flexibility for future investments or to weather market volatility.
• Potential Dilution: Issuing up to 77.7 million new shares will marginally dilute existing shareholders’ holdings (by about 1.93%), which is a factor for investors to consider.
• Market Impact: The announcement and execution of a scrip dividend often indicate a company’s desire to conserve cash and can be interpreted as a signal of either prudence or underlying business constraints, depending on the broader context and investor sentiment.
• Share Price Sensitivity: The issuance price of the Scrip Shares (HK\$5.194) is directly tied to recent market performance and sets a reference point for valuation, which could influence trading activity and share price volatility leading up to and immediately after the new shares begin trading.
• Administrative Notes: Shareholders who do not return the election form by the deadline will automatically receive the dividend wholly in cash. Election forms, once submitted, cannot be withdrawn or altered.
• International Participation: Shareholders outside Hong Kong should ensure compliance with local laws regarding participation in the Scrip Dividend Scheme.

Detailed Timeline of Events

Recommendation to Shareholders

The choice between cash and Scrip Shares will depend on each shareholder’s personal investment objectives, tax position, and views on the company’s prospects. Trustees and those with larger holdings should seek professional advice. The Scrip Dividend Scheme could be advantageous for investors seeking to increase their shareholding without incurring brokerage fees. However, investors should be aware of the potential for dilution and the impact on the company’s cash reserves.

Disclaimer

This article is for information purposes only and does not constitute investment advice or an offer to buy or sell any securities. Investors should consult their own professional advisers regarding the suitability of any investment. The author and publisher accept no responsibility for any loss occasioned to any person acting or refraining from action as a result of any material in this article.

中遠海運港口公佈2025年第二期中期股息供股計劃詳情

日期：2026年6月1日

公司：中遠海運港口有限公司（股份代號：1199）

報告重點

• 宣佈第二期中期股息：董事會宣佈2025年12月31日止年度每股派發10.2港仙的第二期中期股息。
• 引入供股計劃：股東可選擇以現金、全新繳足股份（「供股股份」）或部分現金部分股份收取股息。
• 供股股份價格：新供股股份的價格定為每股5.194港元，根據2026年4月10日起連續五個交易日的平均收市價。
• 最多可發行新股份：最多可發行77,765,768股新股份，約佔現有已發行股本1.96%，供股後則約佔1.93%。
• 重要日期：
  • 股息權益登記日：2026年4月16日
  • 遞交選擇表格截止日期：2026年6月16日下午4:30
  • 派發現金股息支票及股份證書：2026年6月30日
  • 供股股份預期首日買賣：2026年7月2日早上9:00
• 上市安排：公司已申請將供股股份於香港聯交所上市及買賣，並會納入中央結算系統（CCASS）。
• 維持公眾持股量：即使所有核心關連人士選擇供股，公眾持股不少於25%的最低要求仍會被維持。
• 海外股東安排：中國及英國的註冊股東可獲發供股股份，內地南向通投資者可透過中登公司參與。
• 對股權的影響：新供股股份與現有股份地位相同（但不享有本次中期股息權益），零碎股權將歸公司所有。
• 生效條件：該計劃須獲聯交所批准供股股份上市。
• 無尚未兌換證券：截至2026年5月27日，公司沒有尚未兌換的期權、認股權證或可轉換證券。

重要及具潛在股價影響事項

• 大股東選擇或具信心指標：如主要或控股股東選擇供股股份而非現金，有機會被市場解讀為對公司前景有信心。惟截至通函發出日，公司未獲悉控股股東選擇意向。
• 有助保留現金：公司可藉此計劃保留現金，強化資產負債表，增加未來投資或應對市況波動的靈活性。
• 潛在攤薄效應：最多發行7,776萬股新股份，現有股東持股會被攤薄約1.93%。
• 市場解讀：供股股息可被視為公司審慎管理現金、亦有可能反映業務資金壓力，需結合公司整體背景及業績解讀。
• 股價參考點：供股股份價格（5.194港元）作為市場參考，或會影響股份交易及波動。
• 行政注意事項：未於限期前遞交選擇表格者，將全數獲發現金股息。選擇一經遞交不可更改。
• 海外股東參與：境外股東須確保符合當地法律參與供股計劃。

重要日程表

股東建議

選擇現金或供股股份應視乎個人投資目標、稅務狀況及對公司前景看法而定。信託人及大股東宜先諮詢專業意見。供股計劃適合希望增持股份而避免經紀費的股東，但亦須留意攤薄效應及對公司現金儲備的影響。

免責聲明

本文章僅供參考，並非投資建議或任何證券買賣邀請。投資者應就任何投資諮詢專業顧問。本作者及出版方對因本文章內容引致任何人士行動或不行動所造成之損失，概不負責。

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