China Petroleum & Chemical continues H-share buyback program

China Petroleum & Chemical Corporation disclosed a series of H-share repurchases executed throughout November 2025. On November 28, 2025, the company repurchased 9,250,000 H-shares on the Exchange at prices ranging from HK$4.40 to HK$4.48, totaling an aggregate price of HK$40,991,375. These repurchases contribute to a broader campaign, with a total of 210,780,000 H-shares repurchased under the current mandate.

The total number of H-shares authorized for repurchase under the mandate, approved on May 28, 2025, stands at 2,404,929,260. The repurchased H-shares as a percentage of the issued H-shares before the relevant event amounted to 0.17% on the date the repurchase mandate was granted. The company also noted repurchases of 89,349,476 A-shares between August 22, 2025, and November 20, 2025, which were subsequently canceled on November 24, 2025.

The closing balance of issued H-shares as of November 28, 2025, remained at 23,945,350,600, indicating that the repurchased shares are intended for cancellation but had not yet been canceled by the reporting date. A moratorium period for new share issues or treasury share sales following these repurchases extends until December 28, 2025.