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 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:
Each made by the Registrant on October 3, 2022.
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 arising from or in reliance upon the whole or any part of the contents of this
announcement.
(a joint stock limited company incorporated in the People’s Republic of China with limited liability)
(Stock Code: 00386)
Announcement of Intention to Delist American Depositary Shares
from the London Stock Exchange
China Petroleum & Chemical Corporation (the "Company") announces today that it has applied for the cancellation of the listing of its American
Depositary Shares (ISIN: US16941R1086) (the "ADSs") as global depositary receipts on the standard listing segment of the Official List of the Financial Conduct Authority (the "Standard Segment")
and of trading on the Main Market ("Main Market") of the London Stock Exchange plc (the "LSE") (the "Delisting").
Each ADS represents 100 H Shares of CNY1.00 each of the Company.
The board of directors of the Company approved the Delisting of its ADSs from the LSE based on several comprehensive considerations, including
the small volume of the underlying H Shares of its outstanding ADSs compared to the total volume of its H Shares, the minimal trading volume of its ADSs on the LSE relative to the worldwide trading volume of its H Shares and the administrative
burden of maintaining the listing of the ADSs on the Standard Segment and the LSE.
The Delisting is intended to take effect on or around 8:00 a.m. on 1 November 2022 (London time), and so the last day of trading of the ADSs
on the Main Market of the LSE will be 31 October 2022 (London time).
The Company announced on 12 August 2022 the intended delisting of its ADSs from the New York Stock Exchange (the
"NYSE") and filed a Form
25 with the U.S. Securities and Exchange Commission on 29 August 2022 to delist its ADSs from the NYSE which has taken effect. The Company may seek to deregister the Company
’s
ADSs and underlying H Shares under the U.S. Securities Exchange Act of 1934, as amended (the
"Exchange Act") and terminate the related disclosure obligations in accordance with the relevant regulatory requirements and procedures, provided that the relevant standards of the Exchange Act
are met. The Company will also consider whether to terminate its ADS programme in due course in accordance with the deposit agreement based on the relevant actual circumstances.
Since 9 September 2022, the Company has suspended the issuance of any further ADSs. However, current ADS holders will be able to continue to
hold ADSs until such date established pursuant to the deposit agreement, should the deposit agreement be terminated. Alternatively, ADS holders may elect to surrender their ADSs in exchange for the underlying H Shares.
Holders of the Company’s H Shares will remain unaffected. The H Shares of the Company, including the H Shares converted by the ADSs, will
continue to trade on The Stock Exchange of Hong Kong
Limited (the
"HKEX").
The Company reserves its rights in all respects to delay or withdraw the aforementioned filings prior to their
effectiveness and will disclose any further announcement if required under the Rules Governing the Listing of Securities on the HKEX (the "
Listing Rules") or other applicable laws.
The Company will continue to comply with its disclosure obligations under the Listing Rules and maintain smooth communication with investors.
Beijing, the PRC
3 October 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+.
Monthly Return for Equity Issuer and Hong Kong Depositary Receipts listed under Chapter 19B of the Exchange Listing Rules on Movements in Securities
To : Hong Kong Exchanges and Clearing Limited
I. Movements in Authorised / Registered Share Capital
II. Movements in Issued Shares
III. Details of Movements in Issued Shares
IV. Information about Hong Kong Depositary Receipt (HDR) Not applicable
V. Confirmations
Notes
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: October 10, 2022