Sinopec: plans to buy back company's A shares with an amount of 500 million to 1 billion yuan.

Sinopec announced that the shareholders' meeting for 2024, the first A-share category shareholders' meeting for 2025, and the first H-share category shareholders' meeting for 2025 have approved the repurchase proposal. The company plans to repurchase A-shares through centralized competitive bidding, and the repurchased shares will be cancelled and the registered capital reduced. The total amount of funds to repurchase A-shares will be no less than 500 million yuan and no more than 1 billion yuan. Based on the calculated repurchase price limit of 8.72 yuan per share, it is estimated that the number of A-shares to be repurchased this time will be approximately 57.3394 million shares to 114.6789 million shares, accounting for approximately 0.05% to 0.09% of the total issued share capital of the company as of the date of this announcement.