Qi Lu Wan Bao·2025-09-03 06:40Core Viewpoint - China National Petroleum Corporation (CNPC) plans to transfer 541,202,377 A-shares (0.30% of total share capital) of China Petroleum & Chemical Corporation (Sinopec) to China Mobile Communications Group (China Mobile) through state-owned share transfer [1][5]. Group 1 - Before the transfer, CNPC directly held 150,923,565,570 A-shares (82.46% of total share capital) and indirectly held 291,518,000 H-shares (0.16% of total share capital) through its wholly-owned subsidiary Fairy King Investments Ltd. [4] - After the transfer, CNPC will directly hold 150,382,363,193 A-shares (82.17% of total share capital) and maintain the same indirect holding of H-shares [5]. - China Mobile will directly hold 541,202,377 A-shares (0.30% of total share capital) and will have a total holding of 719,996,677 shares (0.39% of total share capital) when including its subsidiary [5]. Group 2 - The share transfer aims to deepen the strategic cooperation between CNPC and China Mobile, broaden cooperation areas, optimize the company's equity structure, and achieve mutual benefits and common development [5]. - A share transfer agreement has been signed between CNPC and China Mobile, but the transfer is subject to approval from the State-owned Assets Supervision and Administration Commission of the State Council [6].