Sinopec Oilfield Service shareholders approve board changes, abolish supervisory board

Sinopec Oilfield Service Corporation held its first extraordinary general meeting of shareholders for 2025 on December 18, 2025, in Beijing. A total of 1,375 shareholders and proxies attended, representing 10,556,951,282 voting shares, or 55.69% of the company's total voting shares. Key resolutions passed included amendments to the company's articles of association and the abolishment of the supervisory board.

The resolution to amend the articles of association and abolish the supervisory board was passed with 97.74% of total votes in favor. This change means the supervisory board's functions will now be exercised by the board of directors' audit committee, effective December 18, 2025. Concurrently, all current supervisors' duties were naturally terminated.

Shareholders also approved the election of Wang Minsheng as a non-executive director for the eleventh session of the board of directors, with 99.66% of total votes in favor. The meeting, convened by the board of directors and chaired by chairman Wu Baizhi, complied with all relevant laws and regulations.