Sinopec Shanghai Petrochemical continues share repurchase program

Sinopec Shanghai Petrochemical Company Limited (SSE:600688) announced further activity in its share repurchase program. On May 21, 2025, the company repurchased 1,498,000 H-shares on the Exchange. These shares, acquired for cancellation, were purchased at a highest price of HKD 1.23 per share, with the transaction totaling HKD 1,842,540. As of May 21, 2025, Sinopec Shanghai Petrochemical has repurchased a total of 128,606,000 shares under the current mandate, representing 3.706% of the issued shares as of the date of the resolution granting the repurchase mandate on June 6, 2024. The company is observing a moratorium period until June 20, 2025, regarding any new share issuances or treasury share transactions after the repurchase activity.