Sinopec H shares unchanged despite ongoing buyback activity

China Petroleum & Chemical Corporation (Sinopec) submitted its Next Day Disclosure Return on December 1, 2025, confirming no changes to its total number of issued H shares, which stands at 23,945,350,600. This stable figure is maintained even as the company engaged in repurchases of its H shares, which are currently uncancelled.

The company repurchased 1,128,000 H shares on December 1, 2025, through the Exchange at a highest price of HK$4.46 per share and a lowest price of HK$4.41 per share, totaling HK$5,001,552. These repurchased shares are intended for cancellation but had not been cancelled as of the closing balance date. This specific repurchase forms part of broader activity, as Sinopec has been actively buying back shares throughout September, October, and November 2025.

Overall, the company reported repurchasing 89,349,476 A shares between August 22, 2025, and November 20, 2025, which were subsequently cancelled on November 24, 2025. This highlights a strategy of share reduction for A shares, while H share repurchases are ongoing with an intent to cancel. The total number of H shares authorized for repurchase under the mandate is 2,404,929,260.