The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
- Sinopec Petroleum Machinery Co., Ltd. (hereinafter referred to as "the Company") has repurchased and canceled 197,553 shares of restricted stock under the 2022 restricted stock incentive plan, accounting for 0.0207% of the total share capital before the repurchase and cancellation, involving 7 incentive objects. The repurchase price was 4.08 yuan per share, and the total funds required for this repurchase and cancellation amounted to 838,035.35 yuan, sourced from the Company's own funds.
- After the completion of this repurchase and cancellation, the Company's total shares will decrease from 955,967,689 shares to 955,770,136 shares.
- As of the date of this announcement, the Company has completed the repurchase and cancellation procedures for the aforementioned restricted stock with the Shenzhen branch of China Securities Depository and Clearing Corporation Limited.
Sinopec Petroleum Machinery Co., Ltd. (hereinafter referred to as "the Company" or "Sinopec Machinery") held the sixth meeting of the ninth board of directors and the fifth meeting of the ninth supervisory board on May 13, 2025, where it reviewed and approved the proposal on the repurchase and cancellation of part of the restricted stock. On October 21, 2025, the ninth board of directors' ninth meeting and the eighth supervisory board meeting were held, where the proposal on the repurchase and cancellation of part of the restricted stock was also approved. The aforementioned proposals were approved at the second extraordinary general meeting of shareholders held on November 11, 2025, agreeing to repurchase and cancel a total of 197,553 shares of restricted stock that had been granted but not yet released from restrictions.
Currently, the board of directors has completed the repurchase and cancellation of the aforementioned restricted stock in accordance with the provisions of the "Sinopec Petroleum Machinery Co., Ltd. 2022 Restricted Stock Incentive Plan (Draft Revision)" (hereinafter referred to as "the 2022 Restricted Stock Incentive Plan" or "the Incentive Plan"). The repurchase and cancellation of 197,553 shares of restricted stock complies with relevant laws, administrative regulations, departmental rules, normative documents, the company's articles of association, and the relevant provisions of the company's "2022 Restricted Stock Incentive Plan."