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, 2006
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 announcement on indicative notice regarding the share reform of
two subsidiaries of Sinopec Corp of China Petroleum & Chemical Corporation
(the "Registrant"), made by the Registrant in English on September 30, 2006.
CHINA PETROLEUM & CHEMICAL CORPORATION
(a joint stock limited company
incorporated in the People's Republic of China with limited liability)
(Stock Code: 0386)
Indicative Notice Regarding the Share Reform of
Two Subsidiaries of Sinopec Corp
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Sinopec Corp announces that it has proposed a share reform proposal
concerning A shares listed on the Shanghai Stock Exchange of two of its
subsidiaries, Sinopec Shanghai Petrochemical Co., Ltd. and Sinopec Yizheng
Chemical Fibre Co., Ltd.
This announcement is made pursuant to Rule 13.09 (1) of the Listing Rules.
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In accordance with the requirements under the relevant laws and regulations
including the "Guidelines of the State Council for Promoting the Reform and
Opening-up and Sustained Development of the Capital Market" (Guo Fa [2004]
No.3) promulgated by the State Council of the PRC and the "Guiding Opinions on
the State Share Reform of the Listed Companies" jointly promulgated by the
China Securities Regulatory Commission, the State-owned Assets Supervision and
Administration Commission of the State Council, the Ministry of Finance,
People's Bank of China and the Ministry of Commerce, and pursuant to the
operating procedures of share reform proposals, China Petroleum & Chemical
Corporation ("Sinopec Corp") has proposed a share reform proposal concerning
the A shares listed on the Shanghai Stock Exchange ("the SSE") of two of its
subsidiaries, Sinopec Shanghai Petrochemical Co., Ltd. and Sinopec Yizheng
Chemical Fibre Co., Ltd. The above two companies are listed on both the SSE
and The Hong Kong Stock Exchange. Having consulted with the SSE, the
information in relation to the share reform of the two subsidiaries as
mentioned above will be disclosed in the near future.
For and on behalf of the Board of Directors
China Petroleum & Chemical Corporation
Chen Ge
Secretary to the Board of Directors
Beijing, PRC, 30 September 2006
As at the date of this announcement, the executive directors of Sinopec Corp.
are Messrs. Wang Tianpu, Zhang Jianhua, Wang Zhigang, Dai Houliang; the
non-executive directors are Messrs. Chen Tonghai, Zhou Yuan, Fan Yifei and Yao
Zhongmin; the independent non-executive directors are Messrs. Shi Wanpeng, Liu
Zhongli and Li Deshui.
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 8, 2006