Sinopec: Plans to repurchase A shares worth 500 million to 1 billion yuan.

Sinopec announced that the company plans to repurchase A shares through centralized competitive bidding trading, with a repurchase amount of not less than 500 million yuan and not more than 1 billion yuan, with a maximum repurchase price of 7.55 yuan per share. It is estimated that the repurchase quantity will be approximately 66.2252 million shares to 132.4503 million shares, accounting for 0.05% to 0.11% of the total share capital, for the purpose of maintaining the company's value and shareholder rights. The repurchase period shall not exceed 3 months from the date of approval by the board of directors. As of the announcement date, the company's directors, supervisors, senior executives, and controlling shareholders have no plans to increase or decrease their holdings in the next 6 months. This repurchase may not be implemented due to factors such as stock prices and major events.