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 August, 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 indicative notice regarding share reform proposal of China Petroleum &
Chemical Corporation (the "Registrant"), made by the Registrant in English on
August 18, 2006.
[GRAPHIC OMITTED]
(a joint stock limited company incorporated in the People's Republic of China)
(Stock Code: 386)
Indicative Notice Regarding the Share Reform Proposal
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Sinopec Corp. announces that its non-circulating shareholders have proposed a
share reform proposal. Having consulted with the SSE, trading in the A shares of
Sinopec Corp. on the SEE will be suspended with effect from Monday, 21 August
2006. It is expected that notice of the relevant shareholders' meeting to the
holders of A shares and related information on the share reform proposal will be
disclosed shortly thereafter. It is expected that trading of the A shares will
resume after the release of such information.
Trading of the H shares of Sinopec Corp on The Stock Exchange of Hong Kong
Limited will not be affected.
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 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, the non-circulating shareholders
of China Petroleum & Chemical Corporation ("Sinopec Corp.") have proposed a
share reform proposal. Having consulted with the Shanghai Stock Exchange (the
"SSE"), Sinopec Corp. announces as follows:
1. Trading in the A shares of Sinopec Corp. on the SEE will be suspended with
effect from Monday, 21 August 2006.
2. Notice of the relevant shareholders' meeting to the holders of A shares
and related information on the share reform proposal will be disclosed
shortly thereafter. It is expected that trading of the A shares will
resume after the release of such information.
Trading of Sinopec Corp.'s H shares on The Stock Exchange of Hong Kong Limited
will not be affected.
This announcement is made pursuant to Rule 13.09(1) of the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong Limited.
For and on behalf of the Board of Directors
China Petroleum & Chemical Corporation
Chen Ge
Secretary to the Board of Directors
Beijing, PRC, 18 August 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.
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: August 18, 2006