China Petroleum & Chemical continues share repurchases

China Petroleum & Chemical Corporation submitted a Next Day Disclosure Return on December 3, 2025, detailing changes in its H-shares. The company reported an opening balance of 23,945,350,600 H-shares as of December 2, 2025, with no changes in issued shares or treasury shares for December 3, 2025, maintaining a closing balance of 23,945,350,600 H-shares.

The report also detailed a series of share repurchases for cancellation between September 22, 2025, and December 3, 2025. On December 3, 2025, the company repurchased 1,800,000 H-shares on the Exchange at prices ranging from HK$4.50 to HK$4.56 per share, with an aggregate price paid of HK$8,141,580. These repurchased shares are intended for cancellation.

Overall, the company has repurchased 214,908,000 H-shares on the Exchange under a mandate granted on May 28, 2025, which authorized repurchases of up to 2,404,929,260 shares. This represents 0.18% of the company's total issued H-shares (excluding treasury shares) as of the mandate date. Additionally, the company had repurchased 89,349,476 A-shares between August 22, 2025, and November 20, 2025, which were cancelled on November 24, 2025.