Sinopec Oilfield Service Corporation (600871.SH): China Petroleum & Chemical Corporation Group plans to transfer 4% of the company's shares to PetroChina Group for free.

Sinopec Oilfield Service Corporation (600871.SH) announcement, in order to deepen the strategic cooperation between the company's controlling shareholder China Petroleum & Chemical Corporation Group and Petrochina Gas Group, it is proposed to transfer 7.59 billion A shares (approximately 4.00% of the total share capital of the company) held by China Petroleum & Chemical Corporation Group to Petrochina Group through the approval of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) by the way of free transfer of state-owned shares. After this transfer, China Petroleum & Chemical Corporation Group will directly hold 9.969 billion A-shares, accounting for approximately 52.52% of the total share capital of the company; Petrochina Group will directly hold 7.59 billion A shares, accounting for approximately 4.00% of the total share capital of the company. This transfer will not result in a change of control of the company's controlling shareholder or the actual controller.