Sinopec formulated its Company Articles of Association and other documents of corporate governance in accordance with Company Law of the People’s Republic of China, Mandatory Provisions for Articles of Association of Chinese Companies to be Listed Overseas, Guidelines for Articles of Association of Chinese Listed Companies, Code of Corporate Governance for Listed Companies in China issued by the China Securities Regulatory Commission, and other laws and regulations of local stock exchanges.

According to the Company Law of the People’s Republic of China and the Constitution of the Communist Party of China, Sinopec established an internal organization of the Communist Party of China and the Party’s institutional framework. The Company ensures sufficient staff for party affairs and financial support of the party organization. The Board of Directors listens to opinions from the party organization prior to making decisions on major issues such as the Company’s reform and development, main objectives, and key tasks. When the Board of Directors appoints Company management, the party organization shall deliberate and offer opinions and suggestions on the candidates nominated by the Board of Directors or the President or recommend candidates to the Board of Directors and the President.