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, 2010
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.)
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Form 20-F
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ü
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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. )
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Yes
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No
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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
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This Form 6-K consists of:
An announcement in relation to resolving the competition between China Petroleum & Chemical Corporation (the “Registrant”) and its controlling shareholder, made by the Registrant on October 26, 2010.
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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 document, 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 document.
(a joint stock limited company incorporated in the People’s Republic of China with limited liability)
(Stock Code: 0386)
Announcement in relation to resolving the Competition
Sinopec Corp. and all directors of the board warrant that there are no material omissions, or misrepresentations or misleading statements contained in this announcement and severally and jointly accept full responsibility for the authenticity, accuracy and completeness of the information contained in this announcement.
China Petroleum & Chemical Corporation (“Sinopec Corp.”) has received Undertakings Regarding Resolving Competition with China Petroleum & Chemical Corporation in Refining Business from its controlling shareholder, China Petrochemical Corporation, which indicates:
Further to the fact that China Petrochemical Corporation has injected its major refining business into Sinopec Corp., China Petrochemical Corporation undertakes to dispose the remaining refining business in five years, in order to eliminate competition with China Petroleum & Chemical Corporation in refining business.
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By Order of the Board
China Petroleum & Chemical Corporation
Chen Ge
Secretary to the Board of Directors
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Beijing, the PRC 26 October 2010
As of the date of this announcement, directors of the company are: Su Shulin*, Wang Tianpu#, Zhang Yaocang*, Zhang Jianhua#, Wang Zhigang#, Cai Xiyou#, Cao Yaofeng*, Li Chunguang*, Dai Houliang#, Liu Yun*, Ma Weihua+, Wu Xiaogen+, Li Deshui+, Xie Zhongyu+ and Chen Xiaojin+.
# Executive Director
* Non-executive Director
+ Independent Non-executive Director
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.
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China Petroleum & Chemical Corporation
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By: /s/ Chen Ge
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Name: Chen Ge
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Title: Secretary to the Board of Directors
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Date: October 27, 2010
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