SINOPEC SEG (02386) plans to repurchase H-shares.

SINOPEC SEG (02386) announced that the company will hold the 2025 Annual General Meeting of Shareholders, the first domestic shareholders' meeting of 2026, and the first H-share shareholders' meeting of 2026 on June 5, 2026. The board of directors (the "Board") is granted a general authorization for the repurchase of H-shares (the "Repurchase Authorization"), allowing the Board to decide to repurchase no more than 10% of the total nominal value of H-shares that have been issued on the date when the relevant resolution is passed. The fifth meeting of the Board, held on August 14, 2026, reviewed and approved the proposal regarding the implementation plan for the share repurchase for the fiscal years 2026-2027 (the "Implementation Plan"). According to the Repurchase Authorization and the relevant Implementation Plan, within six months from the date of this announcement (the "Repurchase Period"), the company will, at an appropriate time, repurchase H-shares in the open market using its own funds (the "Repurchase of H-shares"). The total amount for the repurchase of H-shares is intended to be not less than HKD 100 million and not exceed HKD 150 million. According to the Listing Rules of The Stock Exchange of Hong Kong Limited, the actual repurchase price per H-share must not exceed 5% above the average closing price of H-shares for the five trading days preceding each repurchase. If the companys shares are suspended due to significant matters during the Repurchase Period, the implementation of the repurchase plan will be postponed until after the shares are resumed for trading and within the authorization period.