The China Petroleum & Chemical Company (Sinopec, the Company) bases its corporate governance on the Code of Corporate Governance for Listed Companies, as issued by the China Securities and Regulatory Commission (CSRC), under the State Economic and Trade Commission; Company Law of the People's Republic of China; Mandatory Provisions for the Articles of Association of Companies to be Listed Overseas; Guidelines for the Articles of Association of Listed Companies; Standards of Corporate Governance of Listed Companies; Sinopec's Articles of Association; and other governing regulations where Sinopec is listed.

This fact sheet is prepared based on our Articles of Association and other documents, and relevant codes, regulations and laws as noted above.

In China, the regulation and enforcement of a company's corporate governance is primarily the responsibility of the Board of Directors and the Supervisory Committee.