Shang Hai Zheng Quan Bao·2025-09-02 20:29Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) has initiated a share buyback program to enhance company value and protect shareholder interests, with the first phase of the buyback already executed [1][2]. Group 1: Buyback Program Details - The board of directors approved the share buyback plan on August 21, 2025, and the first buyback was executed on August 22, 2025 [1]. - As of August 31, 2025, Sinopec has repurchased a total of 17,200,000 A-shares, representing 0.01% of the company's total share capital [1]. - The shares were bought at a maximum price of RMB 5.86 per share and a minimum price of RMB 5.77 per share, with a total expenditure of RMB 99,806,035.67 (excluding transaction fees) [1]. Group 2: Future Plans and Compliance - The company plans to continue the share buyback according to market conditions and will use all repurchased shares for cancellation, thereby reducing its registered capital [2]. - Sinopec will fulfill its information disclosure obligations in accordance with relevant laws and regulations [2].