Sinopec Oilfield Service progresses in A-share repurchase plan

Sinopec Oilfield Service Corp (SSE:600871) announced the progress of its A-share repurchase plan. As of March 31, 2025, the company has repurchased 7,610,800 A-shares through centralized bidding on the Shanghai Stock Exchange, representing 0.04% of the company's total share capital. The highest transaction price was CNY 1.99 per share, and the lowest was CNY 1.92 per share, averaging CNY 1.969 per share. The total expenditure amounted to CNY 14.982 million, excluding transaction fees. The repurchase is aligned with the previously announced plan to use between CNY 40 million and CNY 50 million to buy back shares between December 6, 2024, and June 5, 2025. The company will continue to implement the repurchase plan based on market conditions and fulfill its information disclosure obligations.