Chinese energy major SINOPEC CORP (00386) has announced the cancellation of its previously repurchased shares. The company confirmed on September 18, 2026, that it had formally retired a total of 107 million shares from its buyback program.

This strategic move reduces the total number of outstanding shares in the market, a step often taken by listed companies to potentially enhance shareholder value. By eliminating these repurchased equities, the company aims to optimize its capital structure.

The cancellation announcement follows the company's earlier share repurchase activities, marking a completion of that specific corporate action cycle. Shareholders and market participants will be observing whether this reduction influences the stock's future performance metrics.