Sinopec Oilfield Service withdraws key resolution from EGM agenda

Sinopec Oilfield Service Corporation has withdrawn an ordinary resolution, numbered 2, pertaining to the use of reserves to offset losses, from its First Extraordinary General Meeting (EGM) for 2025. This decision, announced on December 15, 2025, stems from the need for further clarification on relevant fiscal and tax policies, aimed at safeguarding the interests of both the company and its shareholders.

The company stated it will assess subsequent arrangements once the policies are confirmed, prioritizing investor returns and adherence to laws regarding dividend distribution following the conversion of undistributed profits into positive figures. This move is intended to promote the company's high-quality development and enhance investment value.

Despite the withdrawal of this specific resolution, other matters outlined in the EGM notice will proceed as planned. The date, time, and venue for the EGM remain unchanged. Shareholders who lodged proxy forms for the EGM should note that while the forms remain valid, no poll will be conducted or counted for the withdrawn resolution.