China Petroleum & Chemical concludes share buyback program

China Petroleum & Chemical Corporation concluded its share repurchase program on December 15, 2025, with a final repurchase of 764,000 H shares on the Exchange at prices ranging from HK$ 4.28 to HK$ 4.39 per share. The aggregate price paid for these shares on this date was HK$ 3,305,980.8. These repurchased shares will be cancelled. The total number of H shares issued (excluding treasury shares) remains at 23,945,350,600.

The company has been actively repurchasing shares since September 22, 2025, with multiple transactions documented through December 15, 2025. Over this period, the repurchased shares represented between 0.001% and 0.05% of the existing number of issued H shares before each relevant event. The total number of H shares repurchased on the Exchange under the repurchase mandate now stands at 228,228,000. This represents approximately 0.19% of the issued H shares (excluding treasury shares) as of the resolution granting the repurchase mandate on May 28, 2025, which authorized the repurchase of up to 2,404,929,260 shares.

In addition to the H-share repurchases, the company noted that it had 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 sales of treasury shares after the repurchase(s) is in effect until January 14, 2026.