COSCO SHIPPING Energy Transportation Co., Ltd. (COSCO SHIP ENGY) has reduced exercise prices under its 2023 A-share option incentive scheme following approval of a RMB0.28 per-share interim cash dividend for 2026.
On 28 August 2026, the Board endorsed an adjustment formula (P = P0 – V) to reflect the dividend distribution:
• Initial Grant options: exercise price cut from RMB11.84 to RMB11.56 per share. • Reserved Grant options: exercise price lowered from RMB11.50 to RMB11.22 per share.
The Remuneration and Appraisal Committee confirmed the adjustment’s procedural compliance, stating there were no false statements or omissions. Grandall Law Firm, acting as PRC legal adviser, concluded that the revised pricing obtained all necessary approvals and adheres to the Company Law, Securities Law and related regulations.
Management noted the change has no substantive impact on the group’s financial position or operating results.