Dai Houliang was elected chairman of Sinopec

Sinopec held a new board election today, and Dai Houliang was elected chairman of Sinopec!

The first meeting of the 7th Board of Directors of China Petroleum & Chemical Corporation (hereinafter referred to as "Sinopec" or "Company") (hereinafter referred to as the "Conference") was held at the Sinopec Headquarters on May 15, 2018 by on-site meeting. .

The directors present at the meeting reviewed and approved the following proposals by item by vote:

1. Elected Mr. Dai Houliang as Chairman of the 7th Board of Directors of Sinopec Corp.

2. Appointment of members of the 7th Board of Directors' Strategy, Audit, Remuneration and Assessment, Nomination and Social Responsibility Management Committee. The specific list is as follows:

(1) The Strategy Committee consists of Chairman Mr. Dai Houliang, members Mr. Jiao Fangzheng, Mr. Ma Yongsheng, Mr. Ling Yiqun, Mr. Liu Zhongyun, Mr. Fan Gang and Mr. Cai Hongbin.

(II) The Audit Committee consists of Chairman Wu Jining, Member Mr. Tang Min and Mr. Cai Hongbin.

(3) The Remuneration and Appraisal Committee consists of Chairman Mr. Fan Gang, members Mr. Li Yunpeng and Mr. Wu Jianing.

(4) The Nomination Committee consists of the Chairman Mr. Dai Houliang, Mr. Tang Min and Mr. Wu Jianing.

(5) The Social Responsibility Management Committee is composed of Chairman Mr. Dai Houliang, members Mr. Tang Min and Mr. Fan Gang.

3. Appointing Mr. Dai Houliang as the president; appointing Mr. Jiao Fangzheng, Mr. Ma Yongsheng, Mr. Ling Yiqun and Mr. Liu Zhongyun as senior vice presidents; appointing Mr. Wang Dehua as the chief financial officer; and appointing Mr. Zhao Rifeng, Mr. Huang Wensheng and Mr. Lei Dianwu as vice presidents; Mr. Huang Wensheng was appointed as Secretary of the Board of Directors.

It is noteworthy that on September 22, 2017, Wang Yupu resigned as the chairman of Sinopec Corp. due to work adjustment. From now on until the election of the new chairman of the company, Mr. Dai Houliang, the vice chairman of the board, fulfilled the position of chairman of Sinopec.

The list of candidates for the new board of directors is as follows: Dai Houliang, Li Yunpeng, Jiao Fangzheng, Ma Yongsheng, Ling Yiqun, Liu Zhongyun, Li Yong, Tang Min, Fan Gang, Cai Hongbin, Wu Jianing. Among them, Dai Houliang, Jiao Fangzheng, Ma Yongsheng, Ling Yiqun, Liu Zhongyun are candidates for executive directors; Li Yunpeng and Li Yong are candidates for non-executive directors; Tang Min, Fan Gang, Cai Hongbin and Wu Jianing are candidates for independent non-executive directors (attached candidates' resumes)

Director candidate resume

Dai Houliang, 54 years old, is the vice chairman and president of Sinopec. Mr. Dai is a professor-level senior engineer, graduated from doctoral degree, and is an academician of the Chinese Academy of Engineering. Since December 1997, he has served as deputy manager of Yangzi Petrochemical Company; since April 1998, he has served as director and deputy general manager of Yangzi Petrochemical Co., Ltd.; since July 2002, he has served as vice chairman and general manager of Yangzi Petrochemical Co., Ltd. Director of Yangzi Petrochemical Co., Ltd.; Chairman of the Board of Directors and General Manager of Yangzi Petrochemical Co., Ltd., Chairman of Yangzi Petrochemical Co., Ltd. since December 2003; and Chairman of the Board of Directors of Yangzi Petrochemical-BASF Co., Ltd. in December 2004; He has served as Deputy Director of Finance of Sinopec Corp. since September 2005; Vice President of Sinopec Corp. since November 2005; Director, Senior Vice President and Chief Financial Officer of Sinopec Corp. since May 2006; China Petrochemical Corporation since June 2008 Member of the company's party group; in August 2012, he also served as chairman of Sinopec Great Wall Energy Chemical Co., Ltd.; in March 2013, he also served as chairman of Sinopec Catalyst Co., Ltd. In May 2009, he served as Director and Senior Vice President of Sinopec Corp.; since May 2016, he has served as General Manager and Deputy Secretary of the Party Group of China Petrochemical Corporation; since August 2016, he has served as Vice Chairman and President of Sinopec. Mr. Dai is an alternate member of the 19th Central Committee.

Li Yunpeng, 59, is a director of Sinopec. Mr. Li is a senior political engineer and a master of engineering. Since January 1998, he has served as deputy general manager of the presidential affairs department of China Ocean Shipping (Group) Corporation (referred to as “COSCO Group”); since September 1998, he served as deputy secretary of the Disciplinary Committee of COSCO Group, director of the supervision office and general manager of the supervision department; Since November, he has served as the general manager of the personnel department of COSCO Group; since September 2000, he has served as the head of the organization department of COSCO Group; since December 2000, he has served as the secretary of the COSCO Group Committee of the Communist Youth League; since April 2003, he has served as assistant to the president of COSCO Group; Since the beginning of the month, he has served as a member of the party group of COSCO Group and the leader of the discipline inspection team of the party group; since December 2011, he has served as deputy general manager and member of the party group of COSCO Group; since June 2013, he has served as general manager and member of the party group of COSCO Group; since July 2013, he has served as COSCO Group. Director of the Group; Deputy Secretary and Deputy General Manager of China Petrochemical Corporation since February 2017; Director of Sinopec Corp. since June 2017.

Jiao Fangzheng, 55, is a director and senior vice president of Sinopec. Mr. Jiao is a professor-level senior engineer and graduated from doctoral degree. Since January 1999, he has been the chief geologist of Sinopec Petroleum Exploration Bureau of Sinopec Group; since February 2000, he has served as deputy manager and chief geologist of Sinopec Zhongyuan Oilfield Company; since July 2000, he has served as deputy of Sinopec Petroleum Exploration and Development Research Institute. Dean; since March 2001, he has served as deputy director of Sinopec Oilfield Exploration and Development Division; since June 2004, he has served as general manager of Sinopec Northwest Oilfield Branch; since October 2006, he has served as vice president of Sinopec. Since July 2010, he has been the director of Sinopec Oilfield Exploration and Development Division; since July 2014, he has served as a member of the party group and deputy general manager of China Petrochemical Corporation; in September 2014, he concurrently served as chairman and international chairman of Sinopec Petroleum Engineering Technology Services Co., Ltd. Vice Chairman of Petroleum Exploration and Development Co., Ltd.; Since May 2015, he has served as Director and Senior Vice President of Sinopec.

Ma Yongsheng, 56, is a director and senior vice president of Sinopec. Mr. Ma is a professor-level senior engineer, a doctoral graduate, and an academician of the Chinese Academy of Engineering. Since April 2002, he has been the chief geologist of Sinopec Southern Exploration and Development Branch; since April 2006, he has served as the executive deputy manager (presiding) and chief geologist of Sinopec Southern Exploration and Development Branch; since January 2007, he has been Sinopec. Manager of the Southern Exploration and Development Branch and Secretary of the Party Committee; since March 2007, he has been the manager of the Sinopec Exploration Branch and the deputy secretary of the Party Committee; since May 2007, he has served as the deputy commander of the Sinopec Sichuan Gas Transmission Project Command, Sinopec Exploration Company manager and deputy secretary of the party committee; since May 2008, he has served as deputy director of the Sinopec Oilfield Exploration and Development Division (positive service) and deputy commander of the Sichuan-East China Construction Project Command; since July 2010, he served as deputy chief geologist of Sinopec Since August 2013, he has been the chief geologist of Sinopec; since December 2015, he has served as deputy general manager of China Petrochemical Corporation and senior vice president of Sinopec; since January 2017, he has been a member of the party group of China Petrochemical Corporation. Since February 2016, he has been a director of Sinopec. Mr. Ma is a member of the 13th CPPCC National Committee.

Ling Yiqun, 55, senior vice president of Sinopec. Mr. Ling is a professor-level senior engineer and graduated from doctoral degree. Since 1983, he has worked in the refining plant of Beijing Yanshan Petrochemical Company and the refining business department of Beijing Yanshan Petrochemical Co., Ltd.; since February 2000, he has served as deputy director of Sinopec Refinery Division; since June 2003, he has served as director of Sinopec Refinery Division; Since July, he has served as vice president of Sinopec Corp.; since May 2012, he has served as executive director, general manager and party secretary of Sinopec Refinery Sales Co., Ltd.; since August 2013, he has served as general manager of Qilu Branch of Sinopec; in December 2016, he also served as Sinopec. Chairman of Refining & Chemical Engineering (Group) Co., Ltd.; Deputy General Manager of Sinopec Group Company since March 2017; Senior Vice President of Sinopec Corp. since February 2018.

Liu Zhongyun, 55 years old. Senior Vice President of Sinopec. Mr. Liu is a professor-level senior engineer and graduated from doctoral degree. Since December 2002, he has served as the Standing Committee Member and Organization Department Minister of Shengli Petroleum Administration Bureau; since November 2004, he has served as Deputy Secretary of the Party Committee of Shengli Petroleum Administration Bureau; since December 2005, he has been the manager of Sinopec Shengli Oilfield Branch; since December 2008 He served as Secretary of the Party Committee of Sinopec International Petroleum Exploration and Development Co., Ltd.; since July 2010, he has served as General Manager of Sinopec Northwest Oilfield Company and Director of Northwest Petroleum Bureau of Sinopec Group; since August 2014, he has served as Assistant General Manager of China Petrochemical Corporation and China Director of the Personnel Department of Petrochemical Corporation; Mr. Sinopec Supervisor since May 2015; Deputy General Manager of Sinopec Group Company since March 2017; Resigned as Supervisor of Sinopec Corp. in February 2018; Senior Sinopec since February 2018 vice president.

Li Yong, 54, is a senior engineer and graduated with a master's degree. In April 2003, he served as deputy general manager of Tianjin Branch of CNOOC (China) Co., Ltd.; in October 2005, he served as executive vice president of China Oilfield Services Co., Ltd.; in April 2009, he served as president of China Oilfield Services Co., Ltd.; He served as CEO and President of China Oilfield Services Co., Ltd.; served as CEO, President and Party Secretary of China Oilfield Services Co., Ltd. in July 2012; Assistant General Manager of China National Offshore Oil Corporation, China Ocean in June 2016 Executive Vice President of Petroleum Co., Ltd., Director (General Manager) and Party Secretary of Bohai Petroleum Administration (Tianjin Branch of China National Offshore Oil Co., Ltd.); Deputy General Manager of China Petrochemical Corporation in March 2017, and concurrently China in July 2017 Vice Chairman, General Manager and Party Secretary of Petrochemical Group International Petroleum Exploration and Development Co., Ltd., Chairman and General Manager of Sinopec International Petroleum Exploration and Development Co., Ltd.

Tang Min, 64, is an independent director of Sinopec. Mr. Tang is a PhD in Economics. He is currently the Counselor of the State Council of China and the Vice Chairman of the Friendship Foundation. At the same time, he served as an independent director of Minmetals Development Co., Ltd., Beijing Origen Seeds Co., Ltd. and Baoshang Bank Co., Ltd. From 1989 to 2000, he was an economist and senior economist at the Asian Development Bank Economic Research Center; from 2000 to 2004, he was the chief economist of the Asian Development Bank's representative office in China; from 2004 to 2007, he was the Asian Development Bank in China. Deputy Representative of the Representative Office; Deputy Secretary General of China Development Research Foundation from 2007 to 2010. Since May 2015, he has been an independent director of Sinopec.

Fan Gang, 64, is an independent director of Sinopec. Mr. Fan is a Ph.D. in Economics. He is currently the Vice President of the China Economic System Reform Research Institute, the Director of the National Economic Research Institute of the China Reform Foundation, the Dean of the China (Shenzhen) Comprehensive Development Research Institute, and the Economics Professor of Peking University. He joined the Chinese Academy of Social Sciences in 1988, served as the editorial director of Economic Research from 1992 to 1993, and deputy director of the Economic Research Institute from 1994 to 1995. In 1996, he was transferred to the China Economic System Reform Research Association and founded the National Economic Research Institute. From 2006 to 2010 and 2015, he is a member of the Monetary Committee of the People's Bank of China. He is a young and middle-aged expert with outstanding contributions at the national level. Since May 2015, he has been an independent director of Sinopec.

Cai Hongbin, 50, Dean of the School of Economics and Business Administration of the University of Hong Kong, Professor of Economics. Mr. Cai is a Ph.D. in Economics and taught at the University of California, Los Angeles from 1997 to 2005. In 2005, he joined the Guanghua School of Management of Peking University as a professor and doctoral tutor in the Department of Applied Economics. He was the head of the Department of Applied Economics, assistant to the dean, and vice president. From December 2010 to January 2017, he served as Dean of Guanghua School of Management at Peking University. Joined the School of Economics and Business Administration of the University of Hong Kong in June 2017. Professor Cai Hongbin is a member of the 12th National People's Congress and member of the Beijing Municipal Committee of the Chinese People's Political Consultative Conference. He is the 11th member of the NLD Central Committee, the deputy chairman of the Beijing Democratic League, and the special auditor of the National Audit Office. He has served as an independent director of Sinopec Group, an independent director of China Unicom and China Everbright Bank. He is currently an independent director of CCB International (Holdings) Co., Ltd. and Zhengyuan Holdings Co., Ltd.

Wu Jianing, aged 58, is a certified public accountant in Hong Kong, a certified auditor and accountant in Macau, a senior accountant of the Hong Kong Institute of Certified Public Accountants (FCPA), a fellow member of the Association of Chartered Certified Accountants (FCCA), and a member of the Institute of Chartered Accountants in England and Wales (AICAEW). . Mr. Wu received his Bachelor of Business Administration and Master of Business Administration from the Chinese University of Hong Kong in 1984 and 1999 respectively. Mr. Wu joined KPMG in Hong Kong in 1984 and has been a partner since 1996. He was a managing partner from June 2000 to September 2015 and served as the vice chairman of KPMG China from October 2015 to March 2016. He is currently an independent director of Vanke Co., Ltd.