China Petroleum & Chemical Corporation (00386.HK) Announces No Change in Issued Shares and Details Ongoing Share Repurchases

Bulletin Express
Nov 14, 2025

China Petroleum & Chemical Corporation (stock code on the Hong Kong Stock Exchange: 00386; on the Shanghai Stock Exchange: 600028) released a Next Day Disclosure Return dated 14 November 2025. As of that date, its total issued H shares remain 23,945,350,600, and its total issued A shares stand at 97,232,263,098, indicating no changes in issued shares compared with the previous balance on 13 November 2025.

From 22 September 2025 through 14 November 2025, the company repurchased a total of 77,914,000 H shares in Hong Kong at prices approximately between HKD 4.06 and HKD 4.46 per share, with these shares yet to be canceled as of 14 November 2025. Over a similar period, from 22 August 2025 through 14 November 2025, the company also repurchased a total of 81,913,976 A shares in Shanghai at prices roughly between RMB 5.29 and RMB 5.73 per share, which likewise remained uncanceled at the close of 14 November 2025.

Under its repurchase mandate dated 28 May 2025, the company is authorized to buy back up to 2,404,929,260 of its H shares. The recent repurchases have not resulted in any immediate change to the company’s number of issued shares; all repurchased shares are earmarked for cancellation pending settlement procedures as noted in the disclosure.

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