Announcement by China Petroleum & Chemical Corporation on the Arrangement for the Acquisition of Remaining Shares After Delisting
Special Reminder: China Petroleum & Chemical Corporation and all members of the board guarantee the authenticity, accuracy, and completeness of the announcement content, and bear joint liability for any false records, misleading statements, or significant omissions in the announcement. Unless otherwise specified in the text, the meanings of abbreviations in this announcement are consistent with those in the "Offer Report for the Acquisition of Zhongyuan Oil and Gas High-Tech Co., Ltd." announced by China Petroleum & Chemical Corporation on March 6, 2006.
The offer for the acquisition of Zhongyuan Oil and Gas circulating shares by China Petroleum & Chemical Corporation officially began on March 8, 2006, and the offer period expired at 15:00 on April 6, 2006. According to the "Offer Report for the Acquisition of Zhongyuan Oil and Gas High-Tech Co., Ltd." announced by China Petroleum & Chemical Corporation on March 6, 2006, the conditions for the effectiveness of this offer are: by 15:00 on the last trading day of the offer period, the number of shares declared for the offer held in temporary custody by the registration company must exceed 167,535,000 shares. If the total number of shares held by China Petroleum & Chemical Corporation and the declared shares exceeds 90% of the total share capital of Zhongyuan Oil and Gas, the company will not meet the listing conditions under Article 50 of the Securities Law. If the conditions for the effectiveness of the offer are not met, the offer will be void from the beginning, and the original declarations will no longer be valid, with the registration company automatically releasing the corresponding shares from temporary custody.