Shanghai Petrochemical executes share repurchase program

Sinopec Shanghai Petrochemical Company Limited (SSE:600688) announced the repurchase of 770,000 H-shares on the Hong Kong Stock Exchange on May 27, 2025. The shares were repurchased at approximately HKD 1.23 per share for a total consideration of HKD 947,100. As of that date, the company had repurchased a total of 131,480,000 shares, representing 3.789% of issued shares since the repurchase mandate was approved on June 6, 2024. All repurchased shares are intended for cancellation, and a moratorium period will be in effect until June 26, 2025, restricting further issuance of shares or treasury share sales. The company confirmed that the repurchases complied with exchange rules, with no material changes to previously disclosed information.