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On October 28, China National Petroleum Corporation issued an announcement that the company had recently received a notice from the controlling shareholder, China National Petroleum Group, that it had obtained the approval of the State-owned Assets Supervision and Administration Commission of the State Council to transfer 1% of the company's total share capital to China Petroleum and Chemical Corporation without
compensation.
According to the announcement, after the completion of this free transfer, CNPC will hold 147,103,617,108 (147.
1 billion) A shares of the company, accounting for 80.
38% of the company's total share capital; Sinopec will hold 1,830,210,000 (1.
83 billion) A-share shares, accounting for 1%
of the company's total share capital.
On September 5, 2022, CNPC received the Notice of China National Petroleum Corporation on the Transfer of State-owned Shares of CNPC without Compensation from CNPC from China National Petroleum Corporation, the controlling shareholder of the Company, in which CNPC intends to transfer 1,830,210,000 (1.
83 billion) A shares (accounting for 1% of the total share capital of the Company) held by CNPC to China Petroleum and Chemical Corporation Limited free of
。
