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Sinopec Oilfield Service Tightens Corporate Governance With Revised Board Procedures

Story Highlights
  • Sinopec Oilfield Service won shareholder approval to revise its Board Rules of Procedure.
  • The updated rules refine board powers, meeting processes and disclosure, reinforcing governance and compliance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sinopec Oilfield Service Tightens Corporate Governance With Revised Board Procedures

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An announcement from Sinopec Oilfield Service ( (HK:1033) ) is now available.

Sinopec Oilfield Service Corporation has revised its Rules of Procedure for the Board, with the updated governance framework approved at the company’s first extraordinary general shareholders’ meeting of 2025 held on 18 December 2025. The revised document, which sets out the functions, powers and authority of the board, as well as detailed rules for convening, conducting and disclosing board meetings and implementing board resolutions, aims to standardise and strengthen the company’s board operations and decision-making processes, signalling an ongoing emphasis on corporate governance and regulatory compliance for shareholders and other stakeholders.

The most recent analyst rating on (HK:1033) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Sinopec Oilfield Service stock, see the HK:1033 Stock Forecast page.

More about Sinopec Oilfield Service

Sinopec Oilfield Service Corporation is a Hong Kong–listed, PRC-based joint stock company that provides oilfield engineering and technical services, primarily supporting the exploration, development and production activities of China Petrochemical Corporation (Sinopec Group) and other energy-sector clients. The company operates in the oilfield services industry, offering drilling, well services, geophysical, construction and related engineering solutions to both domestic and, increasingly, overseas markets.

Average Trading Volume: 70,103,240

Technical Sentiment Signal: Sell

Current Market Cap: HK$35.16B

For detailed information about 1033 stock, go to TipRanks’ Stock Analysis page.

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