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China Petroleum & Chemical ( (HK:0386) ) has provided an announcement.
China Petroleum & Chemical Corporation has issued a supplemental notice confirming that its 2025 annual general meeting and the first H shareholders meeting for 2026 will proceed as scheduled in Beijing, while adding an extra board election item to the agenda. The company’s controlling shareholder has proposed the nomination of Mr. Chen Yanbin as an executive director for the ninth session of the board, a move the nomination committee has endorsed without objection.
Shareholders will vote on a broad slate of ordinary and special resolutions, including the 2025 profit distribution plan, authorization of interim distributions for 2026, reappointment of KPMG entities as external auditors, and changes to registered capital and the articles of association. The agenda also covers mandates for the board to issue and buy back domestic and overseas-listed shares, approve debt financing instruments and adjust projects funded by previous proceeds, underscoring Sinopec’s active capital structure management and governance adjustments ahead of the new board term.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.90 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
More about China Petroleum & Chemical
China Petroleum & Chemical Corporation, also known as Sinopec, is a major integrated energy and chemical company in China, operating across oil and gas exploration, refining, petrochemicals and fuel marketing. The group is listed in Hong Kong and maintains both domestic and overseas-listed shares, serving domestic and international energy and chemical product markets.
Average Trading Volume: 193,345,698
Technical Sentiment Signal: Buy
Current Market Cap: HK$709.4B
See more data about 0386 stock on TipRanks’ Stock Analysis page.