China Petroleum & Chemical announces interim dividend plan

China Petroleum & Chemical Corporation announced a RMB0.088 per share (tax inclusive) cash dividend for the first half of 2025 for its A-share holders. This differentiated dividend plan, approved by the board on August 21, 2025, excludes 17,200,000 A-shares held in the company's dedicated repurchase account, which are ineligible for profit distribution under regulatory guidelines. The ex-dividend and cash dividend distribution date is set for September 12, 2025, with the record date on September 11, 2025.

The total share capital used for this dividend distribution is 121,160,413,698 shares after accounting for repurchased A-shares, which will result in a total cash dividend of RMB10,662,116,405.424. The special legal opinion from Haiwen & Partners confirms that this differentiated dividend distribution complies with relevant laws and regulations and does not harm the interests of the company or its shareholders.

Taxation for individual A-share investors will vary based on holding period, with a 20% tax for holdings under one month (net RMB0.0704 per share) and a 10% tax for holdings between one month and one year (net RMB0.0792 per share), while holdings over one year are exempt. Qualified Foreign Institutional Investors (QFII) and Shanghai-Hong Kong Stock Connect investors will have a 10% withholding tax.