China Petroleum: Controlling shareholder increases holdings by 2.801 billion shares and plans to complete the implementation.

China Petroleum announced that its controlling shareholder, China Petroleum Group and its wholly owned subsidiaries, will implement a share buyback plan within 12 months starting from April 8, 2025, with a planned buyback amount of 2.8-5.6 billion yuan. As of April 7, 2026, China Petroleum Group has bought back 201 million A-shares, amounting to 2.001 billion yuan; its wholly owned subsidiary has bought back 108 million H-shares, amounting to 0.801 billion yuan, totaling 2.801 billion yuan. The plan has been completed. After this buyback, China Petroleum Group's total shareholding will account for 82.49%, which meets the exemption from making a tender offer. Some information has been disclosed so far, and the announcement of the implementation results still needs to be disclosed.