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 June, 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 _____
(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__
(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 Clarification Announcement of China Petroleum & Chemical Corporation (the
"Registrant"), made by the Registrant in English on June 6, 2006.
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: June 6, 2006
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]
(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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Sinopec Corp. noticed that, on 6 June 2006, an article entitled "Proposed
repurchase of the A shares of Sinopec Shanghai Petrochemical Company for 5.7
billion by Sinopec Corp" was published in "Oriental Morning Post".
Sinopec Corp. hereby clarifies that no terms (including pricing) or timetable
has been presently fixed by Sinopec Corp. in relation to any acquisition of the
shares of Sinopec Shanghai Petrochemical Company. There is no factual basis to
the content of the above article and the article is substantially incorrect.
At the request of Sinopec Corp., trading of the shares of Sinopec Corp. on the
Stock Exchange was suspended with effect from 10.24 am on 6 June 2006 pending
the release of this announcement. An application to resume trading of the shares
of Sinopec Corp. with effect from 9.30am on 7 June 2006 has been made with the
Stock Exchange.
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China Petroleum & Chemical Corporation ("Sinopec Corp") noticed that, on 6 June
2006, an article entitled "Proposed repurchase of the A shares of Sinopec
Shanghai Petrochemical Company for 5.7 billion by Sinopec Corp" was published in
"Oriental Morning Post" ([GRAPHIC OMITTED]). The article stated that Sinopec
Corp. intended to repurchase the A shares of Sinopec Shanghai Petrochemical
Company, one of its subsidiaries, at the price between RMB 7.8 to 8 per share.
This article was also republished in other media, including Sina.com and
pw5.net.
Sinopec Corp. hereby clarifies that there is no factual basis to the content of
the above article and the article is substantially incorrect. Although, as
disclosed in the prospectus of Sinopec Corp. dated 9 October, 2000, it is its
long term strategy to integrate the operations and capital structure of its
subsidiaries, however, no terms (including pricing) or timetable has been
presently fixed by Sinopec Corp. in relation to any acquisition of the A & H
shares of Sinopec Shanghai Petrochemical Company. Sinopec Corp. condemns
"Oriental Morning Post" for its reporting of false information and infringement
of the rights of Sinopec and reserves the rights to take further legal action
against "Oriental Morning Post". Any integration proposal may or may not
proceed.
Sinopec Corp. wishes to remind investors that all the important information of
Sinopec Corp. and development will be formally announced in accordance with The
Rules Governing the Listing of Securities of the Stock Exchange of Hong Kong
Limited and the Hong Kong Code on Takeovers and Mergers. Investors are reminded
to make sensible investments and consider the risks involved.
At the request of Sinopec Corp., trading of the shares of Sinopec Corp. on the
Stock Exchange was suspended with effect from 10.24 am on 6 June 2006 pending
the release of this announcement. An application to resume trading of the shares
of Sinopec Corp. with effect from 9.30am on 7 June 2006 has been made with the
Stock Exchange.
For and on behalf of the Board of Directors
China Petroleum & Chemical Corporation
Chen Ge
Secretary to the Board of Directors
Beijing, PRC, 6 June 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, Zhouyuan, Fan Yifei and Yao
Zhongmin; the independent non-executive directors are Messrs. Shi Wanpeng, Liu
Zhongli and Li Deshui.