China Petroleum & Chemical Corporation and all members of the board guarantee the truthfulness, accuracy, and completeness of the announcement content, and bear joint liability for any false records, misleading statements, or major omissions.
According to the China Securities Regulatory Commission document [2006] No. 30, on March 6, 2006, China Petroleum & Chemical Corporation announced the "Tender Offer Report for Sinopec Zhongyuan Oil & Gas High-tech Co., Ltd." and declared a comprehensive tender offer to all circulating shareholders starting from March 8, 2006.
I. Basic Information of the Tender Offer
| Share Type | Offer Price | Number of Shares Offered | Percentage of Total Share Capital |
|---|---|---|---|
| Circulating Shares | 12.12 CNY/share | 25.5 million shares | 29.15% |
The purpose of this tender offer is to terminate the listing of circulating shares of Sinopec Zhongyuan Oil & Gas High-tech Co., Ltd. on the Shenzhen Stock Exchange, aiming to achieve the acquirer's business integration strategy.
The validity period of the tender offer is from March 8, 2006, to April 6, 2006.