Sinopec Oilfield Service Corporation (Sinopec SSC) secured strong shareholder backing at its First Extraordinary General Meeting for 2026, held on 22 September 2026 in Beijing. Two strategic resolutions—an overseas equity purchase and an adjustment to internal guarantee limits—were both passed with near-unanimous support.
Participation and Voting Snapshot • Voting rights represented: 11.05 billion shares, equal to 58.28 % of the 18.96 billion shares eligible. • A-share investors accounted for 56.93 % of total voting capital; H-share investors represented 1.35 %. • No shareholder was required to abstain, and no resolution was rejected.
Key Resolutions Ratified 1. Acquisition of 50 % equity in Mexico DS Company and related additional investment – Approval rate: 99.86 % (11.03 billion shares in favour).
2. Adjustment of guarantee limits for wholly-owned subsidiaries and a joint venture – Approval rate: 99.69 % (11.02 billion shares in favour).
Governance and Compliance The meeting was convened by the Board and chaired by Director and General Manager Zhang Jiankuo. Five of the eight directors attended in person, alongside senior management. Independent auditor BDO Limited acted as vote scrutineer, and legal counsel Haiwen & Partners confirmed full compliance with PRC law and the company’s Articles of Association, affirming the legal validity of the poll results.
Implications The decisive mandate enables Sinopec SSC to proceed with expanding its international footprint through the Mexico DS equity purchase while providing flexibility to recalibrate guarantee facilities for subsidiaries and its joint venture. The resolutions’ endorsement underscores robust shareholder confidence as the company positions for its 2026 strategic agenda.