China Petroleum & Chemical Corporation (Sinopec Corp) disclosed a fresh on-market buyback of 5.43 million H shares on 23 September 2026. The shares were repurchased on the Hong Kong Stock Exchange at prices ranging from HK$4.44 to HK$4.50, for a total consideration of HK$24.21 million.

Including this latest transaction, Sinopec’s aggregate repurchases under the mandate approved on 13 May 2026 have reached 122.95 million H shares—equivalent to 0.10% of the 120.93 billion shares outstanding on the mandate date. The mandate authorises buybacks of up to 2.38 billion shares, leaving approximately 2.26 billion shares, or 1.87% of current issued capital, still available for potential repurchase.

During 21–23 September 2026 the company bought back a total of 16.17 million H shares (5.49 million on 21 September, 5.24 million on 22 September and 5.43 million on 23 September) at an average price near HK$4.45 per share. All repurchased shares remain uncancelled as at 23 September 2026, when Sinopec’s issued H-share count stood unchanged at 23.68 billion.

Under Hong Kong Listing Rules, Sinopec is subject to a 30-day moratorium on issuing new shares or selling treasury shares following the 23 September buyback, ending on 23 October 2026.