Sinopec continues share repurchases, plans A-share cancellation

China Petroleum & Chemical Corporation, also known as Sinopec, announced on October 13, 2025, that it continued its share repurchase activities. The company reported the repurchase of 2,420,000 A-shares on the Shanghai Stock Exchange at an aggregate price paid of RMB 12,793,221. The repurchase price per share ranged from RMB 5.27 to RMB 5.3. These repurchased shares are intended for cancellation.

The company's issued H-shares remained unchanged at 23,945,350,600 as of October 13, 2025. Similarly, issued A-shares, excluding treasury shares, stood at 97,232,263,098 at the opening and closing balances on October 10 and October 13, 2025, respectively.

Sinopec also disclosed a series of earlier repurchases for cancellation across both H-shares and A-shares. For H-shares, repurchases occurred between September 22 and September 26, 2025, totaling 27,346,000 shares at prices ranging from HK$4.06 to HK$4.09. For A-shares, repurchases between August 22 and October 10, 2025, amounted to 37,280,000 shares, with prices ranging from RMB 5.29 to RMB 5.8. The repurchased shares as a percentage of existing issued shares are calculated with reference to the total H-shares of 23,945,350,600 and A-shares of 97,232,263,098, respectively.