2008-07-24 12:39:03 -

- China Petroleum & Chemical Corporation ("Sinopec Corp." or "the Company") (HKEX: 386; NYSE: SNP; LSE: SNP; CH: 600028) has filed Form 20-F for 2007 with the United States Securities and Exchange Commission ("SEC").

Sinopec has posted its 2007 Annual Report on its website, which can be accessed electronically at www.sinopec.com. The Form 20-F can also be accessed electronically

at www.sec.gov. Upon request, the Company will also deliver free of charge within a reasonable time a hard copy of its 2007 Annual Report, including its complete audited financial statements. To request a hard copy, please contact Ms Pan Guoying, Senior IR Manager, by telephone at +86 (10) 6499 0413, by e-mail at marlenepan@sinopec.com or by written request to Board Secretariat, 6A Huixindong Street, Chaoyang District, Beijing, China 100029 Re: 2007 Annual Report. - End -

About Sinopec Corp.

Sinopec Corp. is the first Chinese company that has been listed in Hong Kong, New York, London and Shanghai. The Company is an integrated energy and chemical company with upstream, midstream and downstream operations. The principal operations of Sinopec Corp. and its subsidiaries include: exploring, developing, producing and trading crude oil and natural gas; processing crude oil into refined oil products; producing, trading, transporting, distributing and marketing refined oil products; and producing and distributing chemical products. Based on 2007 turnover, Sinopec Corp. is the largest listed company in China. The Company is one of the largest crude oil and petrochemical companies in China and Asia. It is also one of the largest gasoline, diesel and jet fuel and other major chemical products producers and distributors in China and Asia.

For additional information about Sinopec Corp., please visit the Company's website at www.sinopec.com

Investor Inquiries:
Tel: (8610) 64990060
Fax: (8610) 64990022
Email: ir@sinopec.com