China Petroleum & Chemical Corporation (Sinopec Corp.) announced that shareholders approved every item on the agenda at the 13 May 2026 Annual General Meeting (AGM), the First A-Shareholders Meeting and the First H-Shareholders Meeting, held in Beijing.
Shareholder Participation • Voting rights exercised on 90.76 billion shares, representing 75.05 % of Sinopec’s 120.93 billion issued shares. • A-share investors accounted for 84.07 billion votes (69.52 % of total share capital), while H-share investors contributed 6.68 billion votes (5.53 %). • Five thousand five hundred shareholders and proxies attended, including 5,498 A-share and two H-share holders.
Key Ordinary Resolutions 1. 2025 Board Report: 99.83 % approval. 2. 2025 Profit Distribution Plan: 99.98 % approval. 3. Board authorised to set the 2026 interim dividend: 99.98 % approval. 4. Re-appointment of KPMG Huazhen LLP and KPMG as external auditors for 2026: 99.97 % approval.
Special Resolutions (≥ 2/3 required) • Reduction of registered capital and related Articles amendments passed with 99.98 % support. • Up to-market debt financing instruments mandate approved with 99.98 % support. • Share buy-back mandate gained 99.98 % support at the consolidated meetings and was separately backed by 99.98 % of A-share votes and 99.95 % of H-share votes. • General mandate to issue new A or H shares secured 94.14 % overall approval; notable divergence occurred among H-shareholders, where 74.18 % of votes were cast against.
Board Composition Shareholders elected two executive directors for the ninth board term: • Tian Hongbin – 98.98 % affirmative votes. • Chen Yanbin – 98.97 % affirmative votes.
Governance & Compliance Haiwen & Partners confirmed that the meeting procedures, shareholder eligibility and voting processes complied with PRC law and the company’s Articles. Rongcheng (Hong Kong) CPA Limited acted as vote scrutineer.
All approvals provide Sinopec Corp. with broader capital-management flexibility for 2026, including potential equity issuance, share buy-backs and debt financing, while maintaining continuity in external auditing and board leadership.