Form 6-K CHINA PETROLEUM & CHEMIC For: May 19
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E-mailSECURITIES 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 May 2022
CHINA PETROLEUM & CHEMICAL CORPORATION
22 Chaoyangmen North Street,
Chaoyang District, Beijing, 100728
People's Republic of China
Tel: (8610) 59960114
(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 ✔ 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 ✔
(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:
1. An announcement regarding change of employee’s representative supervisors of China Petroleum &
Chemical Corporation (the “Registrant”);
2. An announcement regarding resignation of supervisor;
3. An announcement regarding poll results of annual general meeting for 2021, first A shareholders class
meeting for 2022 and first H shareholders class meeting for 2022; and
4. An announcement regarding cash dividend for equity issuer;
Each made by the Registrant on May 18, 2022.
Announcement 1
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities for the contents
of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Change of Employee’s Representative Supervisors
Resignation of Employee’s Representative Supervisors
The board of supervisors (the “Board of Supervisors”) of China Petroleum & Chemical Corporation (the “Company” or “Sinopec Corp.”) received a resignation letter from each of Mr. Li Defang and Mr. Lv Dapeng on 18 May 2022. Due to his age, each of Mr. Li Defang and Mr. Lv
Dapeng resigned as employee’s representative supervisor of Sinopec Corp.
Each of Mr. Li Defang and Mr. Lv Dapeng has confirmed that he has no disagreement with the Board of Supervisors of Sinopec Corp. and there are no
other matters relating to the resignation of employee’s representative supervisors that need to be brought to the attention of shareholders of Sinopec Corp.
Mr. Li Defang and Mr. Lv Dapeng were diligent and responsible during their tenures. The Board of Supervisors of Sinopec Corp. would like to express its gratitude to
them for their hard working and contributions to the Company.
Appointment of Employee’s Representative Supervisors
Pursuant to the Company Law of People’s Republic of China and the articles of association of China Petroleum & Chemical Corporation, Mr. Guo Hongjin and Mr. Yin
Zhaolin were re-designated from the non-employee representative supervisors to the employee’s representative supervisors (the “Employee’s Representative Supervisor(s)”) of the eighth session of the Board of
Supervisors of Sinopec Corp. through democratic procedures, for a term commencing from 18 May 2022 to the date when the term of the eighth session of the Board of Supervisors of the Company expires.
1
The biography details of Employee’s Representative Supervisors are set out below:
Guo Hongjin, aged 56. Mr. Guo is a professor level senior engineer with a Ph.D. degree. In July 2013, he was appointed as
Deputy General Manager of Sinopec Shengli Oilfield Company; in March 2018, he was appointed as General Manager and Deputy Secretary of CPC Committee of Sinopec Shengli Petroleum Administrative Bureau Co., Ltd. and General Manager of Sinopec Shengli
Oilfield Company; in December 2018, he was appointed as Executive Director, General Manager and Deputy Secretary of CPC Committee of Sinopec Jianghan Petroleum Administrative Bureau Co., Ltd. and General Manager of Sinopec Jianghan Oilfield
Company; in July 2019, he was appointed as Executive Director and Secretary of CPC Committee of Sinopec Jianghan Petroleum Administrative Bureau Co., Ltd. and the representative of Sinopec Jianghan Oilfield Company; in April 2020, he was appointed
as General Manager of the Petroleum Exploration & Development Department of Sinopec Corp.; in May 2021, he was elected as Supervisor of Sinopec Corp. In May 2022, he was elected as Employee’s Representative Supervisor of Sinopec Corp.
Yin Zhaolin, aged 56. Mr. Yin is a professor level senior engineer with a master’s degree in engineering. In April 2010, he was
appointed as Deputy General Manager of Sinopec Maoming Company; in January 2017, he was appointed as Executive Deputy General Manager of Sinopec Maoming Company (administrated as a General Manager of a Level-I Largescale Enterprise); in April 2017,
he was appointed as General Manager and Deputy Secretary of CPC Committee of Sinopec Maoming Petrochemical Company and General Manager of Sinopec Maoming Company; in July 2017, he was appointed to serve a temporary position as a member of the
Standing Committee of the CPC Maoming Municipal Committee; in October 2020, he was appointed as Executive Director and Secretary of CPC Committee of the Sinopec Maoming Petrochemical Company and the representative of the Sinopec Maoming Company,
head of Maoming-Zhanjiang Integration Leading Group; in May 2021, he was elected as Supervisor of Sinopec Corp. In May 2022, he was elected as Employee’s Representative Supervisor of Sinopec Corp.
Each of the above Employee’s Representative Supervisors will enter into a service contract with Sinopec Corp. and the remunerations for the services provided by them
will consist of a base salary, performance bonus and mid-term and long-term incentive, with specific reference to their functions, responsibilities with Sinopec Corp. and the performance of Sinopec Corp. as a whole. Sinopec Corp. will disclose in
its annual report the remunerations obtained by the relevant Employee’s Representative Supervisors of Sinopec Corp. during the relevant reporting period.
Save as disclosed above, none of the above Employee’s Representative Supervisors has served as directors of other listed companies in the past
three years and none of them has any relationship with any other directors, supervisors, senior management or substantial shareholders or controlling shareholder of Sinopec Corp. As at the date of this announcement, none of them has any interest in
the shares of Sinopec Corp. within the meaning of Part XV of the Securities and Futures Ordinance. None of them has received any regulatory sanction imposed by the China Securities Regulatory Commission, stock exchanges or any other government
authority.
2
Save as disclosed above, there are no other matters in relation to the appointment of Employee’s Representative Supervisors which shall be disclosed
to the shareholders and the Stock Exchange of Hong Kong Limited or matters which would require disclosure under rule 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
|
Board of Supervisors
|
|
|
China Petroleum & Chemical Corporation
|
Beijing, the PRC
18 May 2022
As of the date of this announcement, directors of the Company are: Ma Yongsheng*, Zhao Dong*, Yu Baocai#, Ling Yiqun#, Li
Yonglin#, Liu Hongbin#, Cai Hongbin+, Ng, Kar Ling Johnny+, Shi Dan+ and Bi Mingjian+.
| # |
Executive Director
|
| * |
Non-executive Director
|
| + |
Independent Non-executive Director
|
3
Announcement 2
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities for the contents
of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Resignation of Supervisor
The board of supervisors (the “Board of Supervisors”) of China Petroleum & Chemical Corporation (the “Company” or “Sinopec Corp.”) received a resignation letter from Mr. Jiang Zhenying on 18 May 2022. Due to change of working arrangement, Mr. Jiang Zhenying resigned as
supervisor of Sinopec Corp.
Mr. Jiang Zhenying has confirmed that he has no disagreement with the Board of Supervisors and there are no other matters relating to his resignation as supervisor
that need to be brought to the attention of shareholders of Sinopec Corp.
Mr. Jiang Zhenying has been diligent and responsible during his tenure. The Board of Supervisors would like to express its gratitude to him for his
hard working and contribution to the Company!
|
Board of Supervisors
|
|
|
China Petroleum & Chemical Corporation
|
Beijing, the PRC
18 May 2022
18 May 2022
As of the date of this announcement, directors of the Company are: Ma Yongsheng*, Zhao Dong*, Yu Baocai#, Ling Yiqun#, Li
Yonglin#, Liu Hongbin#, Cai Hongbin+, Ng, Kar Ling Johnny+, Shi Dan+ and Bi Mingjian+.
| # |
Executive Director
|
| * |
Non-executive Director
|
| + |
Independent Non-executive Director
|
1
Announcement 3
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities for the contents
of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Poll Results of Annual General Meeting for 2021,
First A Shareholders Class Meeting for 2022
and First H Shareholders Class Meeting for 2022
| A. |
Poll Results of Annual General Meeting for 2021, First A Shareholders Class Meeting for 2022 and First H Shareholders Class Meeting for 2022
|
References are made to the circular of China Petroleum & Chemical Corporation (“Sinopec Corp.” or the “Company”) dated 31 March 2022 (the “Circular”), the notice of annual general meeting for 2021 and first H shareholders class meeting for 2022 dated 31 March 2022 (the “Notice”) and the supplemental notice of annual general meeting for 2021 dated 18 April 2022 (the “Supplemental Notice”). Unless the context otherwise requires, terms
defined in the Circular, Notice and Supplemental Notice shall have the same meanings as those used in this announcement.
| I. |
Convening and Attendance of the Meetings
|
The Company held its annual general meeting for 2021 (the “AGM”), the first A shareholders class meeting
for 2022 (the “A Shareholders Class Meeting”) and the first H shareholders class meeting for 2022 (the “H Shareholders Class Meeting”, the AGM together with the A
Shareholders Class Meeting and the H Shareholders Class Meeting are referred to as the “Meetings”) by way of online meeting (video) on Wednesday, 18 May 2022.
AGM
|
1. Number
of shareholders and their authorised proxies attending the AGM
|
298
|
|
of which: A Shareholders
|
292
|
|
H Shareholders
|
6
|
|
2. Total
number of valid voting shares held by the attending shareholders or their authorised proxies at the AGM
|
95,869,139,460
|
1
|
of which: A Shares
|
83,737,689,780
|
|
H Shares
|
12,131,449,680
|
|
3. Percentage
of such voting shares of the Company held by such attending shareholders or their authorised proxies, as compared with the total shares entitling the shareholders to attend and validly vote at the AGM (%)
|
79.184094
|
|
of which: A Shares
|
69.163999
|
|
H Shares
|
10.020095
|
As at the registration date (at the close of business on Friday, 15 April 2022), the total number of shares issued by Sinopec
Corp. was 121,071,209,646 shares, which represented the total number of shares entitling their holders to attend and vote on resolutions proposed at the AGM.
A Shareholders Class Meeting
|
1. Number of A Shareholders and their authorised proxies attending the A Shareholders Class Meeting
|
293
|
|
2. Total
number of valid voting shares held by the attending A Shareholders or their authorised proxies at the A Shareholders Class Meeting
|
83,738,305,080
|
|
3. Percentage
of such voting shares of the Company held by such attending A Shareholders or their authorised proxies, as compared with the total shares entitling the A Shareholders to attend and validly vote at the A Shareholders Class Meeting (%)
|
87.631078
|
As at the registration date (at the close of business on Friday, 15 April 2022), the total number of issued A Shares of the
Company was 95,557,771,046 shares, which represented the total number of shares entitling their holders to attend and vote on the resolution proposed at the A Shareholders Class Meeting.
H Shareholders Class Meeting
|
1. Number
of H Shareholders and their authorised proxies attending the H Shareholders Class Meeting
|
6
|
|
2. Total
number of valid voting shares held by the attending H Shareholders or their authorised proxies at the H Shareholders Class Meeting
|
11,941,571,788
|
|
3. Percentage
of such voting shares of the Company held by such attending H Shareholders or their authorised proxies, as compared with the total shares entitling the H Shareholders to attend and validly vote at the H Shareholders Class Meeting (%)
|
46.805027
|
2
As at the registration date (at the close of business on Friday, 15 April 2022), the total number of issued H Shares of the
Company was 25,513,438,600 shares, which represented the total number of shares entitling their holders to attend and vote on the resolution proposed at the H Shareholders Class Meeting.
The Company does not have any shareholder that was entitled to attend the Meetings but was required under rule 13.40 of the
Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the “Listing Rules”) to abstain from voting in favour of any resolution proposed at the Meetings or that was required to
abstain from voting. Nor had any shareholders of the Company stated their intention in the circular of Sinopec Corp. dated 31 March 2022 to vote against any resolution or to abstain from voting at the Meetings.
The Meetings were convened by the board of directors of Sinopec Corp. (the “Board”) and chaired by Mr. Ma Yongsheng, Chairman of the Board. The
Company currently has 10 Directors as at the time of the Meetings. Mr. Ma Yongsheng (Chairman of the Board), Mr. Yu Baocai, as Director, attended the Meetings. Due to work reasons, Mr. Zhao Dong, Mr. Ling Yiqun, Mr. Li Yonglin, Mr. Liu Hongbin,
as Directors, and Mr. Cai Hongbin, Mr. Ng, Kar Ling Johnny, Mr. Shi Dan, Mr. Bi Mingjian, as Independent Non-executive Directors, did not attend the Meetings. The Company currently has 5 Supervisors as at the time of the Meetings. Mr. Zhang
Shaofeng, as Chairman of Board of Supervisors, Mr. Zhang Zhiguo, as Supervisor, attended the Meetings. Due to work reasons, Mr. Yin Zhaolin, Mr. Guo Hongjin and Mr. Chen Yaohuan, as Supervisors, did not attend the Meetings. Mr. Huang Wensheng, as
Vice President and the Secretary to the Board, attended the Meetings. The convening of and the procedures for holding the Meetings, and the voting procedures at the Meetings were in compliance with the requirements of the Company Law of the PRC
and the articles of association of Sinopec Corp. (the “Articles of Association”).
| II. |
Poll Results of the Meetings
|
AGM
| (I) |
Resolutions approved by way of non-cumulative voting:
|
| 1. |
To consider and approve the Report of the Board of Directors for 2021 of Sinopec Corp.
|
Result: Approved
Voting details:
|
Shareholder category
|
For
|
Against
|
||
|
Number of votes
|
(%)
|
Number of votes
|
(%)
|
|
|
A Share
|
83,712,284,883
|
99.970025
|
25,100,397
|
0.029975
|
|
H Share
|
11,846,128,347
|
97.648085
|
285,321,333
|
2.351915
|
|
Total:
|
95,558,413,230
|
99.676202
|
310,421,730
|
0.323798
|
3
| 2. |
To consider and approve the Report of the Board of Supervisors for 2021 of Sinopec Corp.
|
Result: Approved
Voting details:
|
Shareholder category
|
For
|
Against
|
||
|
Number of votes
|
(%)
|
Number of votes
|
(%)
|
|
|
A Share
|
83,712,202,883
|
99.969927
|
25,182,397
|
0.030073
|
|
H Share
|
11,858,537,647
|
97.750376
|
272,912,033
|
2.249624
|
|
Total:
|
95,570,740,530
|
99.689060
|
298,094,430
|
0.310940
|
| 3. |
To consider and approve the audited financial reports of Sinopec Corp. for the year ended 31 December 2021 prepared by KPMG Huazhen (Special General Partnership) and KPMG.
|
Result: Approved
Voting details:
|
Shareholder category
|
For
|
Against
|
||
|
Number of votes
|
(%)
|
Number of votes
|
(%)
|
|
|
A Share
|
83,683,055,290
|
99.935113
|
54,334,890
|
0.064887
|
|
H Share
|
11,504,460,361
|
94.831703
|
626,989,319
|
5.168297
|
|
Total:
|
95,187,515,651
|
99.289316
|
681,324,209
|
0.710684
|
| 4. |
To consider and approve the profit distribution plan of Sinopec Corp. for the year ended 31 December 2021.
|
Result: Approved
Voting details:
|
Shareholder category
|
For
|
Against
|
||
|
Number of votes
|
(%)
|
Number of votes
|
(%)
|
|
|
A Share
|
83,734,012,080
|
99.995609
|
3,676,900
|
0.004391
|
|
H Share
|
12,091,573,186
|
99.671297
|
39,876,494
|
0.328703
|
|
Total:
|
95,825,585,266
|
99.954570
|
43,553,394
|
0.045430
|
| 5. |
To authorise the Board to determine the interim profit distribution plan of Sinopec Corp. for the year 2022.
|
Result: Approved
4
Voting details:
|
Shareholder category
|
For
|
Against
|
||
|
Number of votes
|
(%)
|
Number of votes
|
(%)
|
|
|
A Share
|
83,733,786,380
|
99.995578
|
3,702,500
|
0.004422
|
|
H Share
|
12,091,368,486
|
99.669609
|
40,081,194
|
0.330391
|
|
Total:
|
95,825,154,866
|
99.954330
|
43,783,694
|
0.045670
|
| 6. |
To consider and approve the re-appointment of KPMG Huazhen (Special General Partnership) and KPMG as the external auditors of Sinopec Corp. for the year 2022, and to authorise
the Board to determine their remunerations.
|
Result: Approved
Voting details:
|
Shareholder category
|
For
|
Against
|
||
|
Number of votes
|
(%)
|
Number of votes
|
(%)
|
|
|
A Share
|
83,736,018,580
|
99.998674
|
1,110,000
|
0.001326
|
|
H Share
|
12,123,960,780
|
99.938269
|
7,488,900
|
0.061731
|
|
Total:
|
95,859,979,360
|
99.991031
|
8,598,900
|
0.008969
|
| 7. |
To authorise the Board to determine the proposed plan for issuance of debt financing instrument(s).
|
Result: Approved
Voting details:
|
Shareholder category
|
For
|
Against
|
||
|
Number of votes
|
(%)
|
Number of votes
|
(%)
|
|
|
A Share
|
83,086,476,474
|
99.223441
|
650,265,606
|
0.776559
|
|
H Share
|
4,566,036,499
|
37.638856
|
7,565,141,181
|
62.361144
|
|
Total:
|
87,652,512,973
|
91.430494
|
8,215,406,787
|
8.569506
|
| 8. |
To grant to the Board a general mandate to issue new domestic shares and/or overseas-listed foreign shares of Sinopec Corp.
|
Result: Approved
5
Voting details:
|
Shareholder category
|
For
|
Against
|
||
|
Number of votes
|
(%)
|
Number of votes
|
(%)
|
|
|
A Share
|
82,880,915,574
|
98.977018
|
856,619,806
|
1.022982
|
|
H Share
|
2,564,059,513
|
21.136114
|
9,567,118,167
|
78.863886
|
|
Total:
|
85,444,975,087
|
89.127070
|
10,423,737,973
|
10.872930
|
| 9. |
To grant to the Board a mandate to buy back domestic shares and/or overseas-listed foreign shares of Sinopec Corp.
|
Result: Approved
Voting details:
|
Shareholder category
|
For
|
Against
|
||
|
Number of votes
|
(%)
|
Number of votes
|
(%)
|
|
|
A Share
|
83,734,643,480
|
99.996487
|
2,941,400
|
0.003513
|
|
H Share
|
12,086,809,380
|
99.632028
|
44,640,300
|
0.367972
|
|
Total:
|
95,821,452,860
|
99.950368
|
47,581,700
|
0.049632
|
| (II) |
Resolutions approved by way of cumulative voting:
|
| 10. |
To elect the supervisors (not including employee representative supervisors).
|
Voting details:
|
No.
|
Supervisor Candidates
|
For
|
Against
|
Whether elected
|
||
|
Number of
votes
|
(%)
|
Number of
votes
|
(%)
|
Yes
|
||
|
10.01
|
Qiu Fasen
|
94,194,980,889
|
98.253704
|
1,567,641,814
|
1.635189
|
Yes
|
|
10.02
|
Lv Lianggong
|
94,194,838,074
|
98.253555
|
1,567,668,414
|
1.635217
|
Yes
|
|
10.03
|
Wu Bo
|
94,198,833,267
|
98.257723
|
1,563,382,614
|
1.630746
|
Yes
|
|
10.04
|
Zhai Yalin
|
94,194,457,974
|
98.253159
|
1,567,643,814
|
1.635191
|
Yes
|
6
Resolutions No. 7, 8 and 9 are special resolutions, each of which has been passed by votes representing more than two-thirds of the total shares
with valid voting rights held by the shareholders or their proxies present at the AGM.
The biographical details and relevant information of the supervisors elected at the AGM were disclosed in the Appendix I to the Supplemental Notice.
A Shareholders Class Meeting
Resolution approved by way of non-cumulative voting:
| 1. |
To grant to the Board a mandate to buy back domestic shares and/or overseas-listed foreign shares of Sinopec Corp.
|
Result: Approved
Voting details:
|
For
|
Against
|
||
|
Number of votes
|
(%)
|
Number of votes
|
(%)
|
|
83,735,258,780
|
99.996487
|
2,941,400
|
0.003513
|
The above resolution is a special resolution and was passed by votes representing more than two-thirds of the total shares with valid voting
rights held by the A Shareholders or their proxies present at the A Shareholders Class Meeting.
H Shareholders Class Meeting
Resolution approved by way of non-cumulative voting:
| 1. |
To grant to the Board a mandate to buy back domestic shares and/or overseas-listed foreign shares of Sinopec Corp.
|
Result: Approved
Voting details:
|
For
|
Against
|
||
|
Number of votes
|
(%)
|
Number of votes
|
(%)
|
|
11,897,134,288
|
99.627876
|
44,437,500
|
0.372124
|
7
The above resolution is a special resolution and was passed by votes representing more than two-thirds of the total shares with valid voting
rights held by the H Shareholders or their proxies present at the H Shareholders Class Meeting.
| III. |
Witness by Lawyers
|
Ms. Xu Min and Mr. Li Yang from Haiwen & Partners, the PRC Legal Counsel of Sinopec Corp., issued a legal opinion (the “Legal
Opinion”) confirming that the convening of and the procedures for holding the Meetings, the eligibility of the convenor of the Meetings, the eligibility of the shareholders (or their proxies) attending the Meetings and the voting
procedures at the Meetings were in compliance with the requirements of relevant laws and the Articles of Association and the voting results at the Meetings were valid.
In accordance with the requirements of the Listing Rules, Hong Kong Registrars Limited, the H share registrar of Sinopec Corp., was appointed as the scrutineer in
respect of the voting at the Meetings.
| B. |
Information in relation to the Final Dividend for 2021
|
Reference is made to the section headed “Report of the Board of Directors – 8 Dividend” of the 2021 annual report of the Company. The Company clarifies that
according to the PRC Accounting Standards, the dividend distribution and bonus shares declared by Sinopec Corp. in the past three years are as follows:
|
2021
|
2020
|
2019
|
|
|
Cash dividends (RMB/Share, tax inclusive)
|
0.47
|
0.20
|
0.31
|
|
Total amount of cash dividends (RMB billion, tax inclusive)
|
56.903
|
24.214
|
37.533
|
|
Net profits attributed to the shareholders of the listed company shown in the consolidated statement for the dividend year (RMB billion)
|
71.208
|
33.271
|
57.643
|
|
Ratio of the dividends to the net profit attributed to the shareholders of the listed company in the consolidated statement (%)
|
79.9
|
72.8
|
65.1
|
Closure of Register of Members of H Shares
In order to qualify for the final dividend for H Shares, the holders of H Shares must lodge all share certificates accompanied by the transfer documents with Hong
Kong Registrars Limited located at 1712-1716, 17th Floor Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong before 4:30
p.m. on Wednesday, 1 June 2022 for registration of transfer of H Shares. The registration of transfer of H Shares of Sinopec Corp. will be closed from Thursday, 2
June 2022 to Thursday, 9 June 2022 (both days inclusive).
8
Distribution of Final Dividend for 2021
The final cash dividend will be distributed on or before Thursday, 23 June 2022 to all shareholders whose names appear on the register of members of Sinopec Corp. on
the record date of Thursday, 9 June 2022. The dividend is denominated and declared in RMB and will be distributed to the domestic shareholders and investors participating in the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Programmes
in RMB and to the overseas shareholders in Hong Kong Dollar. The exchange rate for the dividend calculated in Hong Kong Dollar is based on the average benchmark exchange rate of RMB against Hong Kong Dollar as published by the People’s Bank of
China one week preceding the date of the declaration and distribution of such dividend. Accordingly, the exchange rate for dividend paid in Hong Kong dollars was HKD1 to RMB0.857372. The final dividend for 2021 for each H Share of the Company is
HKD0.3616 (tax inclusive).
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By Order of the Board
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China Petroleum & Chemical Corporation
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Huang Wensheng
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Vice President and Secretary to the Board of Directors
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Beijing, the PRC 18 May 2022
As of the date of this announcement, directors of the Company are: Ma Yongsheng*, Zhao Dong*, Yu Baocai#, Ling Yiqun#, Li
Yonglin#, Liu Hongbin#, Cai Hongbin+, Ng, Kar Ling Johnny+, Shi Dan+ and Bi Mingjian+.
| # |
Executive Director
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| * |
Non-executive Director
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| + |
Independent Non-executive Director
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9
Announcement 4
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Disclaimer
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement,
make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arisen from or in reliance upon the whole or any part of the contents of this announcement.
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Cash Dividend Announcement for Equity Issuer
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Issuer name
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China Petroleum & Chemical Corporation
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Stock code
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00386
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Multi-counter stock code and currency
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Not applicable
|
|
Other related stock code(s) and name(s)
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Not applicable
|
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Title of announcement
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Final Dividend for the year ended 31 December 2021
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Announcement date
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18 May 2022
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Status
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Update to previous announcement
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Reason for the update / change
|
Update information relating to HKD to CNY exchange rate and dividend per share in Hong Kong dollars, etc.
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Information relating to the dividend
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Dividend type
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Final
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Dividend nature
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Ordinary
|
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For the financial year end
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31 December 2021
|
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Reporting period end for the dividend declared
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31 December 2021
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Dividend declared
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RMB 0.31 per share
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Date of shareholders' approval
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18 May 2022
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Information relating to Hong Kong share register
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|
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Default currency and amount in which the dividend will be paid
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HKD 0.3616 per share
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Exchange rate
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To be announced
|
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Ex-dividend date
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31 May 2022
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Latest time to lodge transfer documents for registration with share registrar for determining entitlement to the dividend
|
01 June 2022 16:30
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Book close period
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From 02 June 2022 to 09 June 2022
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Record date
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09 June 2022
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Payment date
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23 June 2022
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Share registrar and its address
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Hong Kong Registrars Limtied
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R1712-1716
17th Floor, Hopewell Centre
183 Queen’s Road East
Wan Chai
Hong Kong
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Page 1 of 3
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Information relating to withholding tax
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|||||
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Details of withholding tax applied to the dividend declared
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Details of withholding tax (including type of shareholders and applicable tax rate) applied to the dividends declared are set out in the table below.
In addition, for investors who are tax residents of other countries which have entered into a tax treaty with the PRC stipulating a dividend tax rate of lower than 10%, the enterprises and individuals may, or may entrust a withholding
agent to, apply to the competent tax authorities for the entitlement of the rate under such tax treaty. Upon approval by the tax authorities, the amount paid in excess of the tax payable based on the tax rate according to such tax treaty
will be refunded. If the individual holders of H Shares are residents of countries which had an agreed tax rate of over 10% but less than 20% with China under the tax agreement, the Company shall withhold and pay the individual income tax
at the agreed actual rate in accordance with the relevant tax agreements. For further details, please refer to the section headed "Dividend" in the annual results announcement of the Company dated 25 March 2022.
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||||
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Type of shareholders
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Tax rate
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Other relevant information (if any)
|
|||
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Enterprise - non-resident
i.e. registered address outside PRC
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10%
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The Company is required to withhold and pay enterprise income tax at the rate of 10% on behalf of the non-resident enterprise shareholders whose names appear on the
register of members for H Shares of the Company when distributing the cash dividends or issuing bonus shares by way of capitalisation from retained earnings. Any H Shares of the Company which are not registered under the name of an
individual shareholder, including those registered under HKSCC Nominees Limited, other nominees, agents or trustees, or other organisations or groups, shall be deemed as shares held by nonresident enterprise shareholders. On such basis,
enterprise income tax shall be withheld from dividends payable to such shareholders.
|
|||
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Individual - non-resident
i.e. registered address outside PRC
|
10%
|
If the individual holders of H shares are residents of Hong Kong, Macau or countries which had an agreed tax rate of 10% for cash dividends or bonus shares by way of
capitalisation from retained earnings with China under the relevant tax agreement, the Company should withhold and pay individual income tax on behalf of the relevant shareholders at a rate of 10%. If the individual holders of H Shares
are residents of countries which had an agreed tax rate of less than 10% with China under relevant tax agreement, the Company shall withhold and pay individual income tax on behalf of the relevant shareholders at a rate of 10%.
|
|||
Page 2 of 3
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Individual - non-resident
i.e. registered address outside PRC
|
20%
|
If the individual holders of H Shares are residents of countries which had an agreed tax rate of 20% with China, or which had not entered into any tax agreement with
China, or otherwise, the Company shall withhold and pay the individual income tax at a rate of 20%.
|
|||
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Domestic investors investing in the H Shares of the Company through Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Program
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20%
|
For dividends of domestic investors investing in the H Shares of the Company through Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect
Program, the Company shall withhold and pay income tax at the rate of 20% on behalf of individual investors and securities investment funds. The Company will not withhold or pay the income tax of dividends for domestic enterprise
investors and those domestic enterprise investors shall report and pay the relevant tax by themselves.
|
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Investors of the Hong Kong Stock Exchange (including enterprises and individuals) investing in the A Shares of the Company through Shanghai-Hong Kong Stock Connect Program
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10%
|
For dividends of investors of the Hong Kong Stock Exchange (including enterprises and individuals) investing in the A Shares of the Company through
Shanghai-Hong Kong Stock Connect Program, the Company will withhold and pay income taxes at the rate of 10% on behalf of those investors and will report to the competent tax authorities for the withholding.
|
|||
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Information relating to listed warrants / convertible securities issued by the issuer
|
|||||
|
Details of listed warrants / convertible securities issued by the issuer
|
Not applicable
|
||||
|
Other information
|
|||||
|
The exchange rate for dividend paid in Hong Kong dollars was HKD1 to RMB0.857372.
|
|||||
|
Directors of the issuer
|
|||||
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As of the date of this announcement, directors of the Company are: Ma Yongsheng*, Zhao Dong*, Yu Baocai#, Ling Yiqun#, Li Yonglin#, Liu Hongbin#, Cai Hongbin+, Ng, Kar
Ling Johnny+, Shi Dan+ and Bi Mingjian+.
# Executive Director
* Non-executive Director
+ Independent Non-executive Director
|
|||||
Page 3 of 3
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/ Huang Wensheng
Name: Huang Wensheng
Title: Vice President and Secretary to the Board of Directors
Date: May 19, 2022
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