China Petroleum & Chemical Corporation (?Sinopec Corp.?) wishes to clarify that the contents of the press articles published in certain newspapers recent days in this month relating to Sinopec Corp?s planning to construct one of the largest depot facilities of liquid fuel within China near Shanghai together with Taishan Petroleum & Chemical Corporation (Taishan Petrochemical?are inaccurate.
Sinopec Corp. has not authorized any statement to be made to the press in relation to and is not aware of any statement made by any of its representatives to the press which could have formed the basis of the substance of the Press Articles.
China Petroleum & Chemical Corporation
15th February 2005