SINOPEC CORP completes HK$10.98 million H-share buyback; 82.45 million H shares and 104.26 million A shares now pending cancellation

Bulletin Express08-26 17:41

China Petroleum & Chemical Corporation (SINOPEC CORP) filed a Next Day Disclosure Return on 26 August 2026, detailing the latest status of its share-repurchase programme authorised by shareholders on 13 May 2026 (upper limit: 2.38 billion shares).

Key developments

1. Latest H-share repurchase • Date: 26 August 2026 • Volume: 2.33 million shares • Price range: HK$4.69 – HK$4.72 per share • Total consideration: HK$10.98 million • Shares will be cancelled; none retained as treasury stock.

2. Cumulative H-share buybacks awaiting cancellation (18 Jun – 26 Aug 2026) • Total: 82.45 million shares, equal to 0.35 % of the 23.78 billion H shares outstanding. • Volume-weighted average purchase price: approximately HK$4.12 per share (based on disclosed daily prices).

3. Cumulative A-share buybacks awaiting cancellation (18 Jun – 21 Aug 2026) • Total: 104.26 million shares, representing about 0.11 % of the 97.14 billion A shares in issue. • Volume-weighted average purchase price: roughly RMB 4.91 per share.

Capital structure

• Issued share capital remains unchanged at 120.93 billion shares (H: 23.78 billion; A: 97.14 billion). • All repurchased shares are pending cancellation; upon completion, issued capital will decline by a combined 186.71 million shares (0.15 %).

Mandate utilisation

• Shares repurchased under the mandate now total 82.45 million H shares, utilising 3.47 % of the 2.38 billion-share authorisation. • Following the 26 August transaction, Main Board Rule 10.06 imposes a moratorium on new share issues or treasury share disposals until 25 September 2026.

Financial impact

Based on disclosed consideration, aggregate cash outlay for H-share repurchases to date equals approximately HK$338 million. Cash spent on A-share buybacks (using average RMB price) is about RMB 511 million. These amounts will reduce cash reserves and, after cancellation, increase earnings per share marginally through lower share count.

Regulatory compliance

The company confirms all purchases complied with Hong Kong Stock Exchange rules and relevant domestic regulations for Shanghai-listed A shares.

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