On November 29, 2021, China Petroleum & Chemical Corporation issued an announcement, announcing the election of Ma Yongsheng as the chairman of the eighth board of directors of Sinopec, and adjustment to Sinopec’s non-executive director; Ma Yongsheng resigned as president of Sinopec due to job adjustments , Appointed Yu Baocai as President of Sinopec.

The announcement pointed out that during his tenure as the president of Sinopec, Ma Yongsheng united and led the members of the president team, implemented the decision of the board of directors, was diligent and responsible, and made positive contributions to the company's production, operation and sustainable development, and achieved good operating results. The board of directors of Sinopec Corp. Thank you for your hard work and contributions.

According to the announcement, the board of directors designated Ma Yongsheng as the chairman of the strategy committee, the nomination committee, and the chairman of the sustainable development committee. Other members will not be adjusted. The authorized representatives of Sinopec in the Hong Kong Stock Exchange were adjusted from Ma Yongsheng and Huang Wensheng to Yu Baocai and Huang Wensheng.

Resume of Ma Yongsheng

Ma Yongsheng, Chairman and Secretary of the Party Leadership Group of China Petrochemical Corporation, a senior engineer, graduated with a doctoral degree, a member of the 13th National Committee of the Chinese People's Political Consultative Conference, and an academician of the Chinese Academy of Engineering.

Since April 2002, he has been the chief geologist of Sinopec Southern Exploration and Development Company;

Since April 2006, he has been the executive deputy manager of Sinopec Southern Exploration and Development Branch (presiding over the work);

Since January 2007, he has been the manager and party secretary of Sinopec Southern Exploration and Development Company;

Since March 2007, he has served as the manager and deputy secretary of the party committee of Sinopec Exploration Branch;

Since May 2007, he has served as deputy commander of the Sichuan-East Gas Transmission Construction Project Headquarters of Sinopec;

Since May 2008, he has served as the deputy director of the Exploration and Development Division of Sinopec Oilfield (full-time salary);

Served as Deputy Chief Geologist of Sinopec in July 2010;

Since August 2013, he has been the chief geologist of Sinopec;

Since December 2015, he has served as Deputy General Manager of Sinopec Group Company and Senior Vice President of Sinopec;

Since February 2016, he has been a director of Sinopec Corporation;

Since January 2017, he has been a member of the Party Leadership Group of Sinopec Group;

Since October 2018, he has served as President of Sinopec Corporation;

Since April 2019, he has served as Director, General Manager and Deputy Secretary of the Party Leadership Group of Sinopec Group Company;

From November 2021, he will serve as Chairman of the Board and Secretary of the Party Leadership Group of Sinopec Corporation.

Yu Baocai's Resume

Yu Baocai, Member of the Party Leadership Group, Deputy General Manager, Senior Engineer, Master of Economics of Sinopec Group Corporation.

Since September 1999, he has served as deputy general manager of Daqing Petrochemical Company;

Since December 2001, he has served as the general manager and deputy secretary of the party committee of Daqing Petrochemical Company;

Since September 2003, he has been the general manager and party secretary of Lanzhou Petrochemical Company;

Since June 2007, he has served as general manager, deputy secretary of the party committee of Lanzhou Petrochemical Company, and general manager of Lanzhou Petrochemical Company;

Since September 2008, he has been a member of the Party Leadership Group and Deputy General Manager of China National Petroleum Corporation;

Since May 2011, he has served concurrently as a director of China National Petroleum Corporation;

Since June 2018, he has been a member of the Party Leadership Group and Deputy General Manager of Sinopec Corporation;

Since October 2018, he has been a director of Sinopec Corporation;

Since September 2020, he will be the Senior Vice President of Sinopec Corporation. Editor/Sang Xiaomei