Sinopec Corp Continues Dual-Listing Buyback, Adds 5.75 Million Shares on 7 July 2026

Bulletin Express
07/07

China Petroleum & Chemical Corporation (Sinopec Corp) reported additional share repurchases on 7 July 2026 across its Hong Kong-listed H shares and Shanghai-listed A shares, according to its latest Next Day Disclosure Return.

Key takeaways

1. Latest trading-day activity (7 July 2026) • H shares: 3.55 million shares bought back on the Hong Kong Stock Exchange at HKD 4.06–4.10, for a total consideration of HKD 14.47 million. • A shares: 2.20 million shares bought back on the Shanghai Stock Exchange at RMB 4.70–4.81, costing RMB 10.45 million.

2. Cumulative repurchases since 18 June 2026 (not yet cancelled) • H shares: 44.42 million shares, equal to 0.19 % of the 23.78 billion H shares outstanding before the first transaction. • A shares: 64.20 million shares, representing 0.07 % of the 97.14 billion A shares outstanding before the first transaction.

3. Issued share capital unchanged to date • Post-transaction share counts remain at 23.78 billion H shares and 97.14 billion A shares, as the repurchased stock awaits formal cancellation.

4. Repurchase mandate utilisation • The 44.42 million H shares acquired represent 0.04 % of the 120.93 billion total shares authorised under the mandate approved on 13 May 2026, leaving substantial capacity for further buybacks. • A-share repurchase details under the mandate were not specified in the filing.

5. Moratorium period • In line with Hong Kong listing rules, Sinopec Corp is restricted from issuing new shares for 30 days following the latest buyback, i.e., until 6 August 2026.

The ongoing buybacks underline the company’s active capital-management programme across both listing venues, with transactions executed entirely on-market and in compliance with local regulations.

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