Sinopec's controlling shareholder plans to increase company stock holdings

China Petroleum & Chemical Corp (Sinopec) announced that its controlling shareholder, China Petrochemical Group, plans to increase its holdings in Sinopec's A shares and H shares, according to SSE filing 600028 on April 8, 2025. The Group intends to increase its holdings through the Shanghai Stock Exchange and the Hong Kong Stock Exchange within the next 12 months, with a total investment of between CNY 2 billion and CNY 3 billion. China Petrochemical Group holds approximately 69.35% of Sinopec's total issued shares. On April 8, China Petrochemical Group increased holdings in 17,843,500 A shares, representing 0.01% of the company's total issued shares.