Annual Report 2012

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Directors, Supervisors, Senior Management and Employees DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT AND EMPLOYEES (CONTINUED) Ma Weihua Ma Weihua, aged 64, Independent Non-executive Director of Sinopec Corp. Mr. Ma is a senior economist with a PhD degree. Mr. Ma is the Director, Governor and Secretary of the CPC Committee of China Merchants Bank, Chairman of the Board of Director of CIGNA-CMC, China Merchants Fund Management Co., Ltd and Wing Lung Bank Ltd., Independent Non-executive Director of Winox Holdings Ltd. and Independent Director of the Guotai Junan Securities Co., Ltd. (GTJA). In May 1988, he was appointed as the Deputy Director of the General Affairs Office of the People’s Bank of China (“PBOC”); in March 1990, he was appointed as the Deputy Director of Fund Planning Department of PBOC; in October 1992, he was appointed as the branch President and Secretary of the CPC Leading Group of the Hainan Branch of PBOC; in January 1999, he was appointed as the Director, Governor and Secretary of the CPC Committee of China Merchants Bank; and in May 2010, he was elected as Independent Non-executive Director of Sinopec Corp. 60 Annual Report 2012 Jiang Xiaoming, aged 59, Independent Non-executive Director of Sinopec Corp.. Mr. Jiang has a doctorate in economics. Presently, he acts as the member of the national committee of CPPCC, director of China Foundation for Disabled Persons, member of the United Nations Board of Investment, President of Hong Kong Saibo International Co. Ltd., Independent Director of COSCO International and SPG Land (Holdings) Ltd., Senior Fellow of the University of Cambridge Business School, and trustee of University of Cambridge China Development Fund. Between 1992 and 1998, he acted as the Vice President of United Nations Staff Retirement Fund; between 1999 and 2003, he acted as the Chairman of the Board of Directors of Frasers property (China) Co., Ltd.; and he has previously acted as the Director of JSW Energy Ltd., member of the Advisory Committee of American Capital Group and Rothschild, the British Investment Bank, and an Independent Director of China Oilfield Services Co., Ltd.. From May 2012 to the present, he has acted as an Independent Non-executive Director of Sinopec Corp.. CHINA PETROLEUM & CHEMICAL CORPORATION Jiang Xiaoming Andrew Y. Yan Bao Guoming Andrew Y. Yan, aged 55, Independent Non-executive Director of Sinopec Corp.. Mr. Yan is the founding Managing Partner of SAIF Partners and has a master degree. Presently, he acts as the Chairman and Independent Non-executive Director of NVC Lighting Holding Limited; the Independent Nonexecutive Director of China Resources Land Limited, China Mengniu Dairy Co. and Fosun International Ltd., the Independent Executive Director of Digital China Holdings Limited, China Huiyuan Juice Group Limited, Feng Deli Holdings Limited, Mobi Development Co., Ltd. and Guodian Technology & Environment Group Corporation Limited; the Independent Director of the Giant Network Co. Ltd.; and the Director of Acorn International Co., Ltd., ATA Co., Ltd., and Eternal Asia Supply Chain Management Ltd. Between 1989 and 1994, he acted as the Economist of the World Bank headquarters in Washington, Senior Fellow of Hudson Institute, an American famous research think tank, and acted as the director of APAC Strategic Planning & Business Development of Sprint International Corporation; between 1994 – 2001, he acted as the Director, General Manager and Director of Hong Kong Office of AIG Asia Infrastructural Investment Fund. And from May 2012 to the present, he has acted as an Independent Non-executive Director of Sinopec Corp.. Bao Guoming, aged 61, Independent Non-executive Director of Sinopec Corp. Madam Bao is a Professor and the international registered internal auditor with a master degree. Since December of 1992, she acted as the associate professor of Accounting Dept. of International Business School of Nankai University, and since December of 1995, as a Professor of Accounting Dept. of International Business School of Nankai University; since November of 1997, as the Vice Director of Accounting Dept. of International Business School of Nankai University; since April of 1999, as the Vice Director of the Audit Cadre Training Center of National Audit Office; Since February of 2003, as the Director of the Audit Cadre Training Center of National Audit Office; since July of 2004, as the Director of the Administrative Audit Department of National Audit Office; since February of 2010, as the Director-Level Auditor of the Laws and Regulations Department of National Audit Office; since July of 2010, as the Vice-Chairman and Secretary General of China Internal Audit Association; and since May of 2011, as the External Supervisor of Bank of China. From May 2012 to the present, she has acted as an Independent Non-executive Director of Sinopec Corp.. Madam Bao is an expert who enjoys the State Council Special Allowance.
The Members of the Fourth Session of the Board of Directors Remuneration Remuneration paid by the paid by holding Sinopec Corp. Company Shares held at in 2012 in 2012 Sinopec Corp Position in (RMB 10,000, (RMB 10,000, (as at 31 December) Name Gender Age Sinopec Corp. Tenure before tax) before tax) 2012 2011 Fu Chengyu Male 61 Chairman 2012.05-2015.05 — 86.27 Note 0 0 Wang Tianpu Male 50 Vice Chairman, President 2012.05-2015.05 103.44 — 0 0 Zhang Yaocang Male 59 Vice Chairman 2012.05-2015.05 — 97.54 0 0 Zhang Jianhua Male 48 Board Director, Senior Vice President 2012.05-2015.05 97.54 — 0 0 Wang Zhigang Male 55 Board Director, Senior Vice President 2012.05-2015.05 97.54 — 0 0 Cai Xiyou Male 51 Board Director, Senior Vice President 2012.05-2015.05 97.54 — 0 0 Cao Yaofeng Male 59 Board Director 2012.05-2015.05 — 97.54 0 0 Li Chunguang Male 57 Board Director 2012.05-2015.05 — 97.54 0 0 Dai Houliang Male 49 Board Director, Senior Vice President 2012.05-2015.05 97.54 — 0 0 Liu Yun Male 56 Board Director 2012.05-2015.05 — 97.54 0 0 Chen Xiaojin Male 68 Independent Non - Executive Director 2012.05-2015.05 30 — 0 0 Ma Weihua Male 64 Independent Non - Executive Director 2012.05-2015.05 30 — 0 0 Jiang Xiaoming Male 59 Independent Non - Executive Director 2012.05-2015.05 20 — 0 0 Andrew Y. Yan Male 55 Independent Non - Executive Director 2012.05-2015.05 20 — 0 0 Bao Guoming Female 61 Independent Non - Executive Director 2012.05-2015.05 20 — 0 0 Note: Mr. Fu Chengyu took the position as the chairman of China Petrochemical Corporation in April 2011. The remuneration for Mr. Fu includes his base salary for 2012 and the bonus for performance for 2011 which was paid in 2012. Retired Board of Directors During the Reporting Period Remuneration Remuneration paid by the paid by holding Sinopec Corp. Company Shares held at in 2012 in 2012 Sinopec Corp Position in (RMB 10,000, (RMB 10,000, (as at 31 December) Name Gender Sinopec Corp. Tenure before tax) before tax) 2012 2011 Li Deshui Male Independent Non - Executive Director 2009.05-2012.05 10 — 0 0 Xie Zhongyu Male Independent Non - Executive Director 2009.05-2012.05 10 — 0 0 Wu Xiaogen Male Independent Non - Executive Director 2009.05-2012.05 10 — 0 0 61 CHINA PETROLEUM & CHEMICAL CORPORATION Annual Report 2012 Directors, Supervisors, Senior Management and Employees
Page 3 and 4:
CONTENTS 2 Company Profile 3 Princi
Page 5 and 6:
PRINCIPAL FINANCIAL DATA AND INDICA
Page 7 and 8:
2 FINANCIAL INFORMATION EXTRACTED F
Page 9 and 10:
(2) Information disclosed by the sh
Page 11: Sinopec Corp.’s development accel
Page 14 and 15: Business Review and Prospects BUSIN
Page 21 and 22: MANAGEMENT’S DISCUSSION AND ANALY
Page 23 and 24: The following table shows the opera
Page 25 and 26: In 2012, refining margin was RMB 15
Page 27 and 28: As at 31 December 2012, the Company
Page 29: (2) Financial data prepared under A
Page 33 and 34: (2) THE PROPOSED ISSUANCE OF A SHAR
Page 36 and 37: Significant Events SIGNIFICANT EVEN
Page 39 and 40: CONNECTED TRANSACTIONS 1 AGREEMENTS
Page 41: Decision-making procedures: The maj
Page 44 and 45: Corporate Governance CORPORATE GOVE
Page 51 and 52: REPORT OF THE BOARD OF DIRECTORS Th
Page 53 and 54: 6 DIVIDEND During this report perio
Page 55 and 56: 16 RISK FACTORS In the course of it
Page 57 and 58: Firstly, the Board of Directors dil
Page 59 and 60: DIRECTORS, SUPERVISORS, SENIOR MANA
Page 61: Li Chunguang Dai Houliang Liu Yun L
Page 65 and 66: Zou Huiping Zou Huiping, aged 52, S
Page 67 and 68: The Members of the Fourth Session o
Page 69 and 70: Lei Dianwu Ling Yiqun Lei Dianwu, a
Page 71 and 72: THE BREAKDOWN ACCORDING TO THE MEMB
Page 73 and 74: REPORT OF THE PRC AUDITOR All Share
Page 75 and 76: BALANCE SHEET as at 31 December 201
Page 77 and 78: INCOME STATEMENT for the year ended
Page 79 and 80: CASH FLOW STATEMENT for the year en
Page 81 and 82: STATEMENT OF CHANGES IN EQUITY for
Page 83 and 84: NOTES TO THE FINANCIAL STATEMENTS (
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NOTES TO THE FINANCIAL STATEMENTS (
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(B) FINANCIAL STATEMENTS PREPARED U
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CONSOLIDATED BALANCE SHEET as at 31
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CONSOLIDATED STATEMENT OF CHANGES I
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CONSOLIDATED STATEMENT OF CASH FLOW
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NOTES TO THE FINANCIAL STATEMENTS f
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NOTES TO THE FINANCIAL STATEMENTS f
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(C) DIFFERENCES BETWEEN FINANCIAL S
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(D) SUPPLEMENTAL INFORMATION ON OIL
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Corporate Information CORPORATE INF
Page 200:
Confirmation from fhe Directors and
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