Sinopec reports significant H-share repurchases, active capital management

China Petroleum & Chemical Corporation (Sinopec) announced on November 25, 2025, that it has repurchased a total of 89,349,476 H shares since August 22, 2025. The repurchases were made for cancellation, with the latest transaction on November 25, 2025, involving 266,000 H shares at HK$4.37 per share, totaling HK$1,162,420. The company's total issued H shares remain at 23,945,350,600 following these transactions as of the closing balance date.

The repurchased shares represent 0.15% of the total issued shares (excluding treasury shares) as of the resolution granting the repurchase mandate on May 28, 2025. This resolution authorized the company to repurchase up to 2,404,929,260 shares. These repurchases align with Main Board Rule 10.06(1)(c), which allows repurchases not exceeding 10% of issued shares of each type.

Additionally, the company has repurchased 89,349,476 A shares between August 22, 2025, and November 20, 2025, which were subsequently cancelled on November 24, 2025. A moratorium period for new share issues or treasury share sales following these repurchases extends until December 25, 2025.