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 December, 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 announcement to clarify recent newspaper reports relating to the possible
privatisations of the listed subsidiaries of China Petroleum & Chemical
Corporation (the "Registrant"), made by the Registrant in English on December
8, 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][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)
Clarification announcement
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In the light of recent newspaper reports relating to the possible
privatisations of the listed subsidiaries of Sinopec Corp. and their detailed
timing and pricing, Sinopec Corp. would like to clarify that such reports are
speculative. At present, Sinopec Corp. has no definitive plans, in terms of
timing, pricing and other terms in relation to possible future privatisations.
Investors should exercise caution when dealing with shares in Sinopec Corp.
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This announcement is made pursuant to rule 13.09 of the Listing Rules.
In the light of recent newspaper reports relating to the possible
privatisations of the listed subsidiaries of China Petroleum & Chemical
Corporation ("Sinopec Corp.") and their detailed timing and pricing, Sinopec
Corp. would like to clarify that such reports are speculative. Sinopec Corp.
wishes to also clarify that as disclosed in its prospectus dated 9 October
2000 it is its long term strategy to integrate the operations and capital
structure of its subsidiaries. At present, Sinopec Corp. has no definitive
plans, in terms of timing, pricing and other terms in relation to possible
future privatisations. Announcements on any future proposals will be made in
accordance with the Listing Rules and Takeovers Code.
Investors should exercise caution when dealing with shares in Sinopec Corp.
By Order of the Board
China Petroleum & Chemical Corporation
Chen Ge
Secretary to the Board of Directors
Beijing, PRC, 8 December 2005
As at the date of this announcement, the directors of Sinopec Corp. are
Messrs. Chen Tonghai, Wang Jiming, Mou Shuling, Zhang Jiaren, Cao Xianghong,
Liu Genyuan, Gao Jian and Fan Yifei; the independent non-executive directors
of the Company are Messrs. Chen Qingtai, Ho Tsu Kwok Charles, Shi Wanpeng and
Zhang Youcai; and the employee representative director of the Company is Mr.
Cao Yaofeng.
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: December 8, 2005