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 November, 2005
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 X Form 40-F
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(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 X
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(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:
The further announcement on proposed privatization of Sinopec Zhenhai Refining
& Chemical Company Limited ("ZRCC") through Ningbo Yonglian at the
cancellation price of HK$ 10.60 per ZRCC H Share, made by the board of China
Petroleum & Chemical Corporation (the "Registrant") in English on November 14,
2005.
The Stock Exchange of Hong Kong Limited takes no responsibility for the contents
of this announcement, makes no representation as to its accuracy or
completeness and expressly disclaims any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the
contents of this announcement.
[GRAPHIC OMITTED]
China Petroleum & Chemical Corporation
(a joint stock limited company incorporated in the People's Republic of China
with limited liability)
(Stock Code: 0386)
Announcement
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The Sinopec Directors refer to the announcement dated 12 November 2005 to the
effect that Sinopec Corp's wholly owned subsidiary, Ningbo Yonglian, entered
into the Merger agreement with ZRCC, and the ZRCC Directors agreed to put
forward to the ZRCC Shareholders the Proposal, which involves the cancellation
of all the ZRCC H Shares in consideration of the Cancellation Price.
This announcement is made to confirm that Sinopec Corp. and Ningbo Yonglian do
not intend to increase the Cancellation Price, and accordingly shareholders of
ZRCC should note that the Cancellation Price is final.
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The Sinopec Directors refer to the announcement dated 12 November 2005 to the
effect that Sinopec Corp's wholly owned subsidiary, Ningbo Yonglian, entered
into the Merger agreement with ZRCC, and the ZRCC Directors agreed to put
forward to the ZRCC Shareholders the Proposal, which involves the cancellation
of all the ZRCC H Shares in consideration of the Cancellation Price. Terms
used in this announcement shall have the same meaning as contained in the
joint announcement issued by Sinopec Corp. and ZRCC on 12 November 2005,
unless otherwise defined.
This announcement is made to confirm that Sinopec Corp. and Ningbo Yonglian do
not intend to increase the Cancellation Price, and accordingly shareholders of
ZRCC should note that the Cancellation Price is final.
By Order of the Board
China Petroleum & Chemical Corporation
Chen Ge
Secretary to the Board of Directors
Beijing, PRC, 14 November 2005
The Sinopec Directors jointly and severally accept full responsibility for the
accuracy of the information contained in this announcement and confirm, having
made all reasonable enquiries, that to the best of their knowledge, opinions
expressed in this announcement have been arrived at after due and careful
consideration and there are no other facts not contained in this announcement,
the omission of which would make any statement in this announcement
misleading.
As at the date hereof, the Sinopec Board comprises: Messrs. Chen Tonghai, Wang
Jiming, Mou Shuling, Zhang Jiaren, Cao Xianghong, LiuGenyuan, Gao Jian and Fan
Yifei, as executive directors; Messrs.Chen Qingtai, Ho Tsu Kwok Charles, Shi
Wanpeng and Zhang Youcai, as independent non-executive directors; and Mr. Cao
Yaofeng, as the employee representative director.
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
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Name: Chen Ge
Title: Secretary to the Board of Directors
Date: November 14, 2005