Sinopec Shandong Taishan Petroleum Co., Ltd. Buyback Progress: 1.0814 million shares repurchased, costing 6.7835 million yuan

Log in to Sina Finance App and search for [Information Disclosure] to see more evaluation levels

On April 3, 2026, Sinopec Shandong Taishan Petroleum Co., Ltd. (hereinafter referred to as “Taishan Petroleum”) released an announcement on the progress of share repurchase, disclosing the implementation status of the company’s share repurchase as of March 31, 2026. The announcement shows that the company has repurchased a total of 1.0814 million shares through centralized bidding transactions, accounting for 0.22% of the total share capital, with a total transaction amount of 6.7835 million yuan (excluding transaction fees), and an average repurchase price of 6.27 yuan per share.

Background of the Repurchase Plan

According to the announcement, Taishan Petroleum held the 11th Board of Directors’ 10th meeting on April 23, 2025, and the 2024 Annual Shareholders’ Meeting on May 21, 2025, which approved the proposal “Regarding the Repurchase of A-shares through Centralized Bidding.” Based on this plan, the company intends to use its own funds to repurchase part of its A-shares for cancellation and reduction of registered capital. The total repurchase funds will range from no less than 25 million yuan to no more than 35 million yuan, with a repurchase price not exceeding 8.99 yuan per share. The repurchase period is no more than 12 months from the date the shareholders’ meeting approves the plan (i.e., until May 20, 2026).

Due to the company’s implementation of the 2024 annual profit distribution and the 2025 mid-year profit distribution, the upper limit of the repurchase price was adjusted from October 24, 2025, to no more than 8.84 yuan per share, with other terms of the repurchase plan remaining unchanged.

Progress of the Repurchase Implementation

As of March 31, 2026, Taishan Petroleum’s repurchase via a dedicated securities account through centralized bidding transactions is as follows:

The announcement states that the above repurchase progress complies with relevant laws, regulations, and the company’s established share repurchase plan.

Compliance Explanation

Taishan Petroleum emphasizes in the announcement that the timing, quantity, price, and entrusted period of centralized bidding transactions for the company’s share repurchase all conform to the provisions of “Guideline No. 9 of the Shenzhen Stock Exchange Listed Company Self-Regulation Rules—Share Repurchase” and the company’s established share repurchase plan. Specifically: no repurchase of shares occurred during major events or decision-making processes that could significantly impact stock trading prices before the disclosure date; entrusted prices were not at the daily trading limit; and no repurchase entrusted transactions were conducted during opening call auctions, closing call auctions, or trading days without price limits.

Next Steps

The announcement states that the company will continue to implement this share repurchase plan within the repurchase period based on market and company conditions, and will fulfill information disclosure obligations promptly according to significant progress in the repurchase.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI model based on third-party databases and does not represent Sina Finance’s views. All information in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, contact biz@staff.sina.com.cn.

Click to view the original announcement>>