SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
The
Securities Exchange Act of 1934
For
the month of October, 2007
CHINA
PETROLEUM & CHEMICAL CORPORATION
A6,
Huixindong Street,
Chaoyang
District Beijing, 100029
People's
Republic of China
Tel:
(8610) 6499-0060
(Indicate
by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form
40-F.)
|
Form
20-F
|
ü
|
Form 40-F |
(Indicate
by check mark whether the
registrant by furnishing the information contained in this form is also thereby
furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934. )
|
Yes
|
No |
ü
|
(If
"Yes" is marked, indicate below the
file number assigned to registrant in connection with Rule 12g3-2(b):
82-__________. )
N/A
This
Form 6-K consists of:
An
announcement on third quarterly results for 2007of China Petroleum &
Chemical Corporation (the "Registrant”), issued by the Registrant on October 29,
2007.
1
(a
joint stock limited company incorporated in the People´s Republic of China with
limited liability)
(Stock
Code: 0386)
ANNOUNCEMENT
Third
Quarterly Results for 2007
|
Pursuant
to the regulations of the China Securities Regulatory Commission,
China
Petroleum & Chemical Corporation is required to publish a quarterly
report for each of the first and third quarters.
This
announcement is made pursuant to Rule 13.09 of the Rules Governing
the
Listing of Securities on The Stock Exchange of Hong Kong
Limited.
|
§1
Important reminder
1.1
The
Board of Directors, the Supervisory Committee, directors, supervisors and senior
management, of China Petroleum & Chemical Corporation (“Sinopec Corp.”)
hereby declare that there are no false statements, misleading information or
material omissions in this report, and they are jointly and severally
responsible, for the authenticity, accuracy and completeness of this
report.
1.2
This report was scrutinised and approved on the 16th meeting
of the
Third Board of Directors of SINOPEC CORP.. All directors of the Company attended
the meeting.
1.3
The
financial statements in this report has not been audited.
1.4
Mr.
Su Shulin, Chairman of the Board of Directors, Mr. Wang Tianpu, President,
Mr.
Dai Houliang, Director, Senior Vice President and Chief Financial Officer,
and
Mr. Liu Yun, head of the Accounting Department, warrant the authenticity and
completeness of the financial statements under this Quarterly
Report.
§2
SINOPEC CORP. Profile
2.1
Principal financial data and indicators
2.1.1
Principal financial data and indicators prepared in accordance with the PRC
Accounting Standards for Business Enterprises (“ASBE”).
|
At
30 September 2007
|
At
31 December 2006
|
Changes
compared with the preceding year-end (%)
|
|
|
Total
assets (RMB millions)
|
660,279
|
596,527
|
10.69
|
|
Shareholders’
equity (excluding minority interests)funds attributable to equity
shareholders of the Company (RMB millions)
|
292,874
|
257,893
|
13.56
|
2
|
Net
assets per share (RMB/share)
|
3.378
|
2.974
|
13.56
|
|||
|
Adjusted
net assets per share (RMB/share)
|
3.317
|
2.901
|
14.34
|
|||
|
|
Three-month
period as at
30
September
(July
~ September)
|
Nine-month
period as at
30
September
(January
~ September)
|
||||
|
Year
2007
|
Year
2006
|
Year-on-year
changes (%)
|
Year
2007
|
Year
2006
|
Year-on-year
changes (%)
|
|
|
Net
cash flow from operating activities (RMB millions)
|
38,280
|
23,780
|
60.98
|
102,277
|
47,973
|
113.20
|
|
Net
cash flow from operating activities per share (RMB)
|
0.442
|
0.274
|
60.98
|
1.180
|
0.553
|
113.20
|
|
Net
profit attributable to the equity shareholders of the Company (RMB
millions)
|
13,758
|
12,764
|
7.79
|
48,683
|
33,889
|
43.65
|
|
Basic
earnings per share (RMB/share)
|
0.159
|
0.147
|
7.79
|
0.561
|
0.391
|
43.65
|
|
Diluted
earnings per share (RMB/share)
|
0.159
|
0.147
|
7.79
|
0.561
|
0.391
|
43.65
|
|
Basic
earnings per share (before extraordinary items)
(RMB/share)
|
0.157
|
0.149
|
5.37
|
0.559
|
0.394
|
41.88
|
|
Return
on net assets (%)
|
4.70
|
5.33
|
(0.63)
percentage points
|
16.62
|
14.16
|
2.46
percentage points
|
|
Return
on net assets (before extraordinary items) (%)
|
4.64
|
5.41
|
(0.77)
percentage points
|
16.56
|
14.28
|
2.28
percentage points
|
|
Extraordinary
profits/losses items
|
Nine-month
period as at 30 September 2007
(RMB
millions)
|
|||||
|
Gain
on disposal of investments
|
(864)
|
|||||
|
Written
back of provisions for impairment losses in previous years
|
(324)
|
|||||
|
Employee
reduction expenses
|
232
|
|||||
|
Non-operating
expenses (excluding impairment losses on assets provided in accordance
with ASBE)
|
986
|
|||||
|
Of
which: Losses on disposal of fixed assets
|
383
|
|||||
|
Donations
|
90
|
|||||
|
Non-operating
income
|
(302)
|
|||||
|
Tax
effect
|
90
|
|||||
|
Total
|
(182)
|
|||||
2.1.2
Principal financial data and indicators prepared in accordance with
International Financial Reporting Standards (“IFRS”)
|
At
30 September 2007
|
At
31 December 2006
|
Changes
compared with the preceding year-end (%)
|
||||
|
Total
assets (RMB millions)
|
672,574
|
603,077
|
11.52
|
|||
|
Total
equity attributable to equity shareholders of the Company (RMB
millions)
|
298,907
|
262,845
|
13.72
|
|||
|
Net
assets per share (RMB/share)
|
3.448
|
3.031
|
13.72
|
|||
|
Adjusted
Net assets per share (RMB/share)
|
3.387
|
2.958
|
14.50
|
|||
|
Three-month
period as at
30
September
(July
~ September)
|
Nine-month
period as at
30
September
(January
~ September)
|
|||||
|
Year
2007
|
Year
2006
|
Year-on-year
changes (%)
|
Year
2007
|
Year
2006
|
Year-on-year
changes (%)
|
|
|
Net
cash flow from operating activities (RMB millions)
|
36,850
|
24,691
|
49.24
|
98,486
|
43,760
|
125.06
|
|
Profit
attributable to the equity shareholders of the Company (RMB
millions)
|
13,628
|
12,917
|
5.50
|
49,818
|
34,787
|
43.21
|
|
Basic
earnings per share (RMB/share)
|
0.157
|
0.149
|
5.50
|
0.575
|
0.401
|
43.21
|
3
|
Return
on net assets (%)
|
4.56
|
5.21
|
(0.65)
percentage points
|
16.67
|
14.04
|
2.63
percentage points
|
2.2
Differences between net profit for the first three quarters of 2007 and
shareholder’s equity as at 30 September, 2007 under ASBE and IFRS
2.2.1
Analysis of effects of major differences between the net profit under ASBE
and
the profit of the period under IFRS
|
Items
|
Nine-month
period as at September 30
|
|
|
Year
2007
RMB
millions
|
Year
2006
RMB
millions
|
|
|
Net
profit under ASBE
|
50,473
|
34,147
|
|
Adjustments:
|
||
|
Oil
and gas properties
|
(39)
|
1,510
|
|
Reduced
amortization on revaluation of land use rights
|
23
|
23
|
|
Effects
of the above adjustment on taxation and effects of tax rate changes
on
deferred taxes
|
1,154
|
(363)
|
|
Profit
for the period under IFRS
|
51,611
|
35,317
|
2.2.2
Analysis of effects of major differences between the shareholders’ equity under
ASBE and that under IFRS
|
Items
|
At
30 September 2007
RMB
millions
|
At
31 December 2006
RMB
millions
|
|
Shareholders’
fund under ASBE
|
317,110
|
279,931
|
|
Adjustments:
|
||
|
Oil
and gas properties
|
10,777
|
10,816
|
|
Revaluation
of land use rights
|
(1,049)
|
(1,072)
|
|
Effects
of the above adjustment on taxation and effects of tax rate changes
on
deferred taxes
|
(3,769)
|
(4,886)
|
|
Total
equity under IFRS
|
323,069
|
284,789
|
2.3
Number of shareholders and top ten shareholders holding shares without selling
restrictions at the end of the reporting period
|
Number
of shareholders at the end of the reporting period
|
618,763,
including 611,621 holders of A shares and 7,142 holders of H
shares.
|
|
|
Top
ten shareholders holding shares without selling
restrictions
|
||
|
Name
of shareholders (full name)
|
Quantity
of tradable shares in possession as at the end of this reporting
period
(10,000 shares)
|
Type
of shares (A, H share or others)
|
|
HKSCC
(Nominees) Limited
|
1,669,686.9
|
H
|
|
Bosera
Thematic Sector Equity Securities Investment Fund
|
6,707.6
|
A
|
|
China
Post Core Growth Equity Securities Investment Fund
|
5,739.9
|
A
|
|
China
Life Insurance Company Limited-- Dividend--Individual Dividend--005L--
FH002 Shanghai
|
5,000.0
|
A
|
|
National
Social Security Fund 106 Group
|
4,500.0
|
A
|
|
LORD
Value Advantage Stock Investment Fund
|
3,895.7
|
A
|
|
China
Post Preferred Equity Securities Investment Fund
|
3,769.2
|
A
|
|
Fortune
SGAM Selected Sectors Fund
|
3,500.0
|
A
|
|
E
Fund 50 Index Equity Investment Fund
|
3,450.7
|
A
|
|
Changxin
Golden Profit Trend Stock Investment Fund
|
3,000.1
|
A
|
4
2.4
Review of operating results
In
the
first three quarters of 2007, China’s national economy continued to grow at a
fast pace. For instance, its GDP rose by 11.5%, whilst the domestic demands
for
petroleum and petrochemical products both kept climbing considerably. In the
third quarter, the Company strengthened the link between production, management
and marketing, distribution, solidly promoted the construction of key works
and
while continued its efforts on energy saving and reduction of pollutant
discharge, thereby ensuring safe production and market supply and achieved
satisfactory operating results in spite of the pressure brought by the
continuous rise of international crude oil price. Meanwhile, the company
maintained increases in production of crude oil processed, sales volume of
refined oil products, and production of ethylene and synthetic
reins.
Exploration
& Production Segment: Seizing the opportunity brought by the high
crude oil price, our company has accelerated its increase of production capacity
and development of low quality crude oil reserves, leading to an increase of
2.23% and 11.73% over the same period last year respectively in the output
of
crude oil and natural gas. The key national project "Sichuan-to-East China
Gas
Transport" also commenced.
Refining
Segment: The company actively optimized resource allocation, product
structure and processing of crude oil, increase the output of refined oil and
ensure market supply. The amount of refined oil increased by 6.52% over the
same
period last year.
Marketing
and Distribution Segment: The Company strengthened both domestic and
overseas resource co-ordination to ensure a stable and orderly supply to the
domestic market, utilised the modern logistic systems such as finished oil
pipelines, optimized coordination of the transportation of refined oil and
further optimized the marketing structure. In the first three quarters of 2007,
the Company's domestic sales and retail volume of refined oil products increased
by 6.63% and 4.56% respectively over the same period last year.
Chemicals
Segment: The major chemical production facilities of the Company
maintained stable full-load operation. The output of principal products as
well
as high value-added products increased steadily. The Company also took advantage
of its branches which specialise in sales of chemicals, and brought out the
competitive force of centralized sales. In the first three quarters of 2007,
the
output of ethylene and that of synthetic resins have grown by 7.80% and 14.61%
respectively over the same period last year.
Summary
of Principal Operating Results for the First Three Quarters
|
Operating
Data
|
Unit
|
Nine-month
period as at September 30
|
Year-on-year
changes
(%)
|
||
|
Year
2007
|
Year
2006
|
||||
|
Exploration
and Production
|
|||||
|
Crude
oil production
|
Million
tonnes
|
30.69
|
30.01
|
2.23
|
|
|
Nature
gas production
|
Hundred
million cubic meters
|
59.76
|
53.48
|
11.74
|
|
|
Crude
oil price realized
|
RMB
/ Tonne
|
2,955.57
|
3,388.03
|
-12.76%
|
|
|
Natural
gas price realized
|
RMB
/ Thousand cubic meters
|
809.94
|
750.70
|
7.89%
|
|
|
Refining
|
|||||
|
Processing
volume of crude oil
|
Million
tonnes
|
115.80
|
108.70
|
6.53
|
|
|
Production
output of gasoline, diesel oil and kerosene
|
Million
tonnes
|
68.83
|
64.73
|
6.33
|
|
|
Of
which:
|
Gasoline
|
Million
tonnes
|
18.41
|
16.97
|
8.49
|
|
Diesel
oil
|
Million
tonnes
|
44.11
|
43.01
|
2.56
|
|
|
Kerosene
|
Million
tonnes
|
6.31
|
4.75
|
32.84
|
|
|
Production
output of chemical light oil
|
Million
tonnes
|
17.98
|
17.16
|
4.78
|
|
|
Recovery
rate of light oil
|
%
|
74.41%
|
74.64%
|
-0.23
percent
|
|
|
Total
rate of commodification
|
%
|
93.77%
|
93.63%
|
0.14
percent
|
|
|
Marketing
and Distribution
|
|||||
5
|
Total
domestic distribution
volume of finished oil products
|
Million
tonnes
|
88.57
|
83.06
|
6.63
|
|
|
Of
which:
|
Retail
volume
|
Million
tonnes
|
55.82
|
53.39
|
4.55
|
|
Distribution
volume
|
Million
tonnes
|
15.46
|
14.49
|
6.69
|
|
|
Wholesale
volume
|
Million
tonnes
|
17.28
|
15.18
|
13.83
|
|
|
Total
number of petrol stations
|
Station
|
28,976
|
28,546
|
1.51
|
|
|
Of
which:
|
Owned
and self-operated
|
Station
|
28,280
|
27,746
|
1.92
|
|
Franchised
|
Station
|
696
|
800
|
-12.5
|
|
|
Fueling
charge per petrol station (Note 1)
|
Tonne/station
|
2,632
|
2,566
|
2.57
|
|
|
Chemicals
(Note 2)
|
|||||
|
Production
output of ethylene
|
Thousand
tonnes
|
4,887
|
4,534
|
7.79
|
|
|
Production
output of synthetic resins
|
Thousand
tonnes
|
7,207
|
6,289
|
14.60
|
|
|
Production
output of synthetic rubber
|
Thousand
tonnes
|
546
|
490
|
11.43
|
|
|
Synthetic
fiber monomers and polymers
|
Thousand
tonnes
|
5,921
|
5,401
|
9.63
|
|
|
Synthetic
fibers
|
Thousand
tonnes
|
1,074
|
1,137
|
-5.54
|
|
|
Urea
|
Thousand
tonnes
|
1,229
|
1,321
|
-6.96
|
|
Notes
1: The fueling charge per petrol station figures refer to annual average
amounts;
Notes
2: Including 100% outputs of Yangtze-BASF and Shanghai Secco.
Capital
expenditure:
In
the
first three quarters of 2007, the company’s accumulative capital expenditure was
RMB 59.910 billion, of which the capital expenditure of Exploration and
Production Segment is RMB 30.807 billion. In terms of oil and natural gas
exploration, by using more intensive and carpet-to-carpet prospecting and
focusing in new reserve zones, a series of significant results have been
achieved., Newly-built production capacity of crude oil reached 4.51 million
tonnes/year, and newly-built production capacity of natural gas reached 0.985
billion cubic meters/year. The capital expenditure of the Refining Segment
was
approximately RMB 12.178 billion. The Refinery in Yanshan was upgraded
to10-megatone level and commenced production; Refinery projects in Qingdao,
Luoyang, Wuhan, Gaoqiao and other places as well as oil jetty projects are
progressing smoothly. Capital expenditure of the Chemical Segment was RMB
7.207
billion. The Maoming high pressure polyethylene (BPPE) project, Shanghai
glycol
project and Yangtse-Jinpu GR-S project were completed and commenced production,
while Tianjin ethylene refining & chemical integration project, Zhenhai
megaton ethylene project and Fujian ethylene project are progressing as
scheduled. The capital expenditure of the Marketing & Distribution Segment
was RMB 7.948 billion. We have achieved preliminary results in erecting and
acquiring petrol stations in key areas such as highways, and the number of
newly
erected or acquired petrol stations reached 547. We have also further improved
our marketing and distribution network. Capital expenditure of headquarters
and
others was RMB 1.770 billion .
§3
Significant events
3.1
Significant changes and explanations of key accounting items and financial
index
of the Company
|
Items
|
At
30
September
2007
|
At
31
December
2006
|
Increase/(decrease)
|
Main
reason for Changes
|
|
|
Amount
|
Per
centage
|
||||
|
RMB
millions
|
RMB
millions
|
RMB
millions
|
(%)
|
||
|
Trade
accounts receivable
|
23,438
|
15,910
|
7,528
|
47
|
Mainly
due to operation expansion of the Company and increase of sales
income.
|
|
Advance
payments
|
12,527
|
5,245
|
7,282
|
139
|
Mainly
due to the rise of raw material prices of the Company.
|
|
Construction
in progress
|
84,241
|
52,724
|
31,517
|
60
|
Mainly
due to the implementation of projects under the Yearly Investment
Plan r
of the Company.
|
|
Intangible
assets
|
12,674
|
9,132
|
3,542
|
39
|
Mainly
due to increase of land tenure during the period.
|
|
Short-term
|
2,000
|
11,885
|
(9,885)
|
(83)
|
Mainly
due to the payment of RMB 10
|
6
|
debentures
payable
|
billion
short-term financing bond.
|
||||
|
Trade
accounts payable
|
74,045
|
52,331
|
21,714
|
41
|
Mainly
due to the rise of crude oil price and increase of processing quantity
of
the Company.
|
|
Debentures
payable
|
21,207
|
3,500
|
17,707
|
506
|
Mainly
due to the issue of HKD 11.7 billion convertible bonds and RMB
5 billion
corporate securities.
|
|
Other
non-current liabilities
|
1,564
|
1,146
|
418
|
36
|
Mainly
due to the increase of long-term account
payable.
|
|
Items
|
As
at 30 September
|
Increase/(decrease)
|
Main
reason for Changes
|
||
|
Year
2007
|
Year
2006
|
Amount
|
Per
centage
|
||
|
RMB
millions
|
RMB
millions
|
RMB
millions
|
(%)
|
||
|
Exploration
expenses
|
8,087
|
4,888
|
3,199
|
65
|
Mainly
due to enhanced exploration for southern marine facies including
Northeast
and West Sichuan Province and reinforced prospective
research.
|
|
Impairment
losses
|
1,593
|
135
|
1,458
|
1,080
|
Mainly
due to devalue of long-term assets of the Company and year-on-year
asset
disposal increase.
|
|
Investment
income
|
4,117
|
2,331
|
1,786
|
77
|
Due
to performance improving of joint corporation and affiliated companies,
investment income of the Company increased year on
year.
|
|
Non-operating
income
|
302
|
186
|
116
|
62
|
Mainly
due to income from year-on-year increase of asset disposal of the
Company.
|
|
Income
tax
|
22,114
|
15,256
|
6,858
|
45
|
Mainly
due to profit increase of the Company, expenses for income tax
increased
year on year.
|
|
Minority
interests
|
1,790
|
258
|
1,532
|
594
|
Mainly
due to profit increase of partly owned subsidiary of the
Company.
|
|
Net
profits attributable to the equity shareholders of the
Company
|
48,683
|
33,889
|
14,794
|
44
|
Mainly
due to the fact that the Company actively expanded business scale,
increased market share, steadily promoted product sales, and remarkably
improved business performance by grasping the opportunities arising
from
the continuous high level of price of crude oil in international
market
and domestic petrochemical products.
|
|
Net
cash flow from operating activities
|
102,277
|
47,973
|
54,304
|
113
|
Mainly
due to the increase of business profits and cash flow which occurred
from
business receivables and payables.
|
3.2
Significant events and their impacts as well as the analysis and explanations
for the solutions
þ
Applicable o
Inapplicable
|
3.2.1
Mr. Su Shulin elected Chairman of Sinopec Corp.'s Board of
Directors
On
Sinopec Corp.'s second interim shareholders' general meeting dated
10
August 2007, Mr. Su Shulin was elected director of the third
term of Board of Directors. On the same day, Mr. Su Shulin was
elected
Chairman of the Board on the 13thmeeting of the third term of
Board of Directors.
3.2.2
2007 Interim distribution of dividends
Pursuant
to the “Articles of Association” of the Company and approved by the third
term of Board of Directors on its 14th meeting, the dividends for
the
first half of 2007, up to 30 June 2007, were to
be
|
7
|
distributed
in cash. Calculated on the basis of 86,702,439,000 shares as of
30 June
2007, the dividends were approximately RMB 4.335 billion in total,
and RMB
0.05 yuan (tax-included) per share. The dividends for the first
half of
2007 were distributed on 28 September 2007, to the shareholders,
whose
names appear on the “SINOPEC CORP.'S register of shareholders” as of 18
September 2007.
3.2.3
Issuance of convertible corporate bonds with detachable
warrants
On
27 September 2007, the 15th meeting of the third term of Board
of Directors of SINOPEC reviewed and approved the proposal to issue
convertible corporate bonds with detachable warrants and to issue
corporate bond of 2007 Sichuan-to-East China Gas Transport
Project.
Total
amount of convertible corporate bonds with detachable warrants
are not to
exceed RMB 30 billion; target buyers are institutional investors and
public investors who have opened RMB A share account at the Shanghai
Securities Exchange (except for those forbidden by national laws
&
regulations to invest). Funds raised by bonds are to be used in
the
Sichuan-to-East China Gas Transport Project, Tianjin 1 million
tonnes/year
ethylene project, Zhenhai 1 million tonnes/year ethylene project
and loan
payments; Funds raised by detachable warrant are to be used in
Tianjin 1
million tonnes/year ethylene project, Zhenhai 1 million tonnes/year
ethylene project, Wuhan ethylene project and so on as well as
supplementing cash flow and repayment of loans. Proposal to issue
convertible corporate bonds with detachable warrants will be submitted
to
the 2007 third interim shareholders' general meeting to be held
on 15
November 2007 for approval.
3.2.4
Issuance corporate bonds of the Sichuan-to-East China Gas Transport
Project
On
27 September 2007, the 15th meeting of the third term of Board
of
Directors of SINOPEC CORP. reviewed and approved the proposal to
issue
corporate bond of 2007 Sichuan-to-East China Gas Transport Project.
On 22
January 2007, the first SINOPEC interim shareholders' general meeting
in
2007 approved the proposal to issue domestic corporate bonds and
authorized the Board to proceed with the issuance.
Total
amount of domestic corporate bonds are not to exceed RMB 20 billion.
Target buyers are domestic qualified institutional investor (unless
otherwise specified by national laws & regulations). All funds raised
will be used in the Sichuan-to-East China Gas Transport
Project.
|
3.3
Status of commitment issue fulfillment by the Company, shareholder and actual
controller.
o
Applicable þInapplicable
3.4
Caution and explanation as to the anticipated loss of accumulated net profits
from the beginning of the year to the end of the next reporting period or
significant changes over the same period of last year.
o
Applicable þInapplicable
3.5 Other
significant events needed to be explained
3.5.1
Ownership of stocks of other listed company
þ
Applicable o
Inapplicable
|
Serial
number
|
Stock
code
|
Shorted
form
|
Stocks
held
|
Shareholding
percentage
|
Initial
investment cost
(RMB
yuan)
|
Accounting
items
|
|
1
|
384
|
China
Gas Holdings
|
210
million
|
10.61%
|
HKD
128 million
|
Long-term
stock investment
|
8
3.5.2
Ownership of stocks of non-listed financial enterprises and companies going
public
o
Applicable þInapplicable
3.6
This quarterly report is published in both English and Chinese languages.
The
Chinese version shall prevail, in case of any disparity in construing these
two
versions.
|
By
Order of the Board of Directors
China
Petroleum & Chemical Corporation
Chen
Ge
Secretary
to the Board of Directors
|
Beijing,
the PRC
29
October 2007
As
at the date of this Announcement, the directors of Sinopec Corp are Messrs.
Su
Shulin*, Zhou Yuan*, Wang Tianpu#, Zhang
Jianhua#,
Wang Zhigang#, Dai Houliang#, Fan Yifei*, Yao Zhongmin*, Shi Wanpeng+, Liu
Zhongli+ and Li Deshui+.
#
Executive Directors
*
Non-executive Directors
+
Independent Non-executive Directors
9
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
|
China
Petroleum & Chemical Corporation
|
|||
|
By:
|
/s/
Chen Ge
|
||
|
Name:
Chen Ge
|
|||
|
Title:
Secretary to the Board of Directors
|
|||
Date:
October 30, 2007
|
10
|