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China Petroleum & Chemical Corp Announces Proposed Change In Auditors

Sunday, 24 Mar 2013 06:07am EDT 

China Petroleum & Chemical Corp announced that it has resolved to propose to appoint PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian CPAs Limited Company (the name will be changed to PricewaterhouseCoopers Zhong Tian LLP) as the external auditors of the Company for the year 2013 (the Proposal). The Proposal is subject to the approval by the Shareholders at the annual general meeting for the year 2012 (the AGM). KPMG and KPMG Huazhen (Special General Partnership) will respectively retire as the international and PRC auditors of the Company with effect from the close of the forthcoming AGM of the Company and the Company will not re-appointment them as the auditors of the Company for the year ended December 31, 2013 due to the SASAC Rotation Requirements.