Sinopec continues share buyback program with recent H-share repurchases

China Petroleum & Chemical Corporation (Sinopec) announced a series of H-share repurchases in its Next Day Disclosure Return. On December 11, 2025, the company repurchased 2,546,000 H-shares on the Exchange at prices ranging from HKD 4.28 to HKD 4.37, for a total of HKD 10,961,548.4. These shares are intended for cancellation.

The company's repurchases are part of a broader mandate approved on May 28, 2025, authorizing the repurchase of up to 2,404,929,260 shares. As of December 11, 2025, Sinopec has repurchased a total of 226,786,000 H-shares under this mandate, representing 0.19% of the issued H-shares at the time of the resolution.

In addition to the H-share buybacks, Sinopec also noted the repurchase of 89,349,476 A-shares between August 22, 2025, and November 20, 2025. These A-shares were subsequently cancelled on November 24, 2025. The current issued H-share balance remains at 23,945,350,600 shares as of December 11, 2025.