Sinopec Oilfield Services progresses with A-share buyback program

Sinopec Oilfield Service Corporation announced that it has repurchased 18,586,900 A-shares via a centralized bidding process on the Shanghai Stock Exchange as of April 30, 2025. The repurchased shares account for 0.1% of the company's total share capital. The share buyback price ranged from CNY 1.73 to CNY 1.99 per share, with an average price of CNY 1.876 per share. The total expenditure for the repurchase amounted to CNY 34.8667 million, excluding transaction costs. This buyback aligns with the previously disclosed repurchase plan, originally announced on August 21, 2024, and subsequently approved by shareholders. The company intends to use the repurchased shares for capital reduction purposes.