Sinopec announces completion of convertible bond issuance by parent

China Petroleum & Chemical Corporation (Sinopec, SSE:600028) announced today that its controlling shareholder, China Petrochemical Group, has completed the issuance of its convertible bonds through its overseas wholly-owned subsidiary, Deep Development 2025 Limited. The issuance, initially announced on May 14, 2025, was finalized on May 20, 2025. According to Sinopec, the convertible bond issuance will not result in a change of the company's actual control and will not have a material impact on the company's production, operation, and corporate governance. The company stated that it will fulfill its information disclosure obligations in a timely manner regarding the subsequent matters related to the convertible bond issuance and cautioned investors to pay attention to investment risks.