Sinopec Shanghai Petrochemical repurchases shares on exchange

Sinopec Shanghai Petrochemical (SSE:600688) announced it repurchased 674,000 of its H-shares on the Hong Kong Stock Exchange on May 2, 2025. The shares were bought back at a price ranging from HKD 1.16 to HKD 1.17 per share, with the total amount paid for the repurchase reaching HKD 784,940.4. This repurchase is part of a larger mandate approved on June 6, 2024, allowing the company to buy back up to 347,047,200 shares. As of May 2, 2025, Sinopec Shanghai Petrochemical has repurchased a total of 109,434,000 shares under the mandate, representing 3.153% of the issued shares as of the mandate's approval date. The company has a moratorium period lasting until June 1, 2025, which restricts any new share issues or transfers of treasury shares.