Sinopec boosts H-share buyback program

China Petroleum & Chemical Corporation (Sinopec) reported H-share repurchases totaling 1,180,000 shares on December 16, 2025. These shares were bought on the Exchange at prices ranging from HK$4.32 to HK$4.4 per share, with an aggregate price paid of HK$5,127,808.

This latest repurchase activity adds to a series of buybacks initiated on September 22, 2025, which saw the company repurchase millions of H-shares across multiple dates. The company also confirmed that it repurchased 89,349,476 A-shares between August 22 and November 20, 2025, which were subsequently cancelled on November 24, 2025.

The total number of shares authorized for repurchase under the mandate is 2,404,929,260, granted on May 28, 2025. As of December 16, 2025, 229,408,000 shares have been repurchased on the Exchange, representing 0.19% of the issued shares (excluding treasury shares) at the time of the resolution. The moratorium period for any new share issues or sales of treasury shares extends until January 15, 2026.