China Petrochemical announced restructuring progress of business sales

　　[Shenzhen Economic Daily News] China Petrochemical (600028) released today on the progress of the restructuring announcement sales.

　　Announcement that the company board meeting on February 19, 2014 passed the "Start China Petrochemical sales business restructuring, the introduction of private capital to achieve social and operated motion mixed ownership" (see the company disclosed in the February 20, 2014 The "China petroleum & Chemical Corporation Earnings Release fifth Board XIV, "bulletin Number: Pro 2014-10).

　　China Sinopec said that, as disclosed in this announcement, China Petrochemical has started an audit of the underlying assets, assessment. Expected in March 31, 2014, the China Petrochemical an overall sales segment assets injected into a wholly owned subsidiary of Sinopec Sales Co., Ltd. China. The company will follow promptly fulfill disclosure obligations under the relevant regulatory requirements.