China Petrochemical Corporation (hereinafter referred to as "the Company") is a super large petrochemical enterprise group restructured by the state on the basis of the original China Petrochemical Corporation in July 1998, with a registered capital of 274.9 billion yuan. The Chairman of the Board is the legal representative and is headquartered in Beijing.The Company exercises the right to benefit from assets, make major decisions and select managers and other investors with respect to relevant state-owned assets of its wholly-owned enterprises, holding enterprises and joint-stock enterprises, operates, manages and supervises state-owned assets according to law, and assumes the responsibility for maintaining and increasing the value of the assets accordingly.