Sinopec Won Two China Securities Golden Bauhinia Awards
Beijing, - China Petroleum & Chemical Corporation (“Sinopec” or “the Company”) (CH: 600028; HKEX: 386; NYSE: SNP; LSE: SNP) is delighted to announce that it has won two awards at the China Securities Golden Bauhinia Awards. Chairman Mr. Fu Chengyu received the Most Influential Leader award, while Sinopec won the Most Influential Brand Overseas by a Chinese Listed Company award. Last year, Sinopec was also the winner for the Most Influential Brand Overseas by a Chinese Listed Company award and Most Favored Listed Company in Hong Kong and the Mainland of China award.
Since assuming the role of Chairman of Sinopec in 2011, Mr. Fu has been working towards building the Company into a world leading energy and chemical company, promoting a green and low-carbon development strategy. Mr. Fu has applied his extensive experience of working in capital markets and on overseas mergers and acquisitions, in which he led a number of successful oil and gas deals, to realign Sinopec’s overseas strategy.
In awarding Mr. Fu, the committee stated: “Mr. Fu combines Western merits with China’s reality in rationalizing internal system, defining strategic plan and executing restructuring, effectively leveraged his power in the industry and the capital market, reenergized all his business divisions in order to increase Sinopec’s international competitiveness and fulfilled his duty to our nation in excellence.”
The China Securities Golden Bauhinia Awards and the title of Most Influential Leader are among a number of awards that Mr. Fu has received this year, including Petroleum Executive of the year 2012 by the Energy Intelligence Group, Excellent Practitioner in Environment and Development by the United Nations Environment Program, and Chinese Overseas Investor of the Year awarded by the China Overseas Investment Summit.
In accepting the awards, Chairman Mr. Fu Chengyu said: “We are truly honored to receive these awards. Both awards demonstrate the encouragement and recognition of the joint endeavors of the entire Sinopec team. We are committed to our green and low-carbon development strategy as well as to solving issues related to the global climate change and environmental protection.”
China Securities Golden Bauhinia Awards are organized by Ta Kung Pao and co-organized by other key regulatory and securities organisations such as The Hong Kong Chinese Enterprises Association, Hong Kong Securities Institute, Chinese Securities Association of Hong Kong, The Hong Kong Institute of Chartered Secretaries, Chinese Financial Association of Hong Kong, The Listed Companies Association of Beijing and Shanghai Association of Stock System Enterprises. The awards aim to showcase the overseas image of China’s listed companies and entrepreneurs, and to promote the development of China’s capital market. Judging is based on the recommendations of the award sponsors, authoritative statistics provided by securities firms and third party opinions from a panel of advisors. The group assesses the listed companies’ development and management track record. A multi-angle approach is adopted in what can be regarded as one of the most vigorous, credible and large-scale selection process for listed companies and their executives in Hong Kong and Mainland China.
As a leading company of the UN Global Compact initiative, Sinopec will continue to pursue the new industrialization path of high technology, low resource intensity and reduced emission. The Company is committed to building one of the world’s leading energy and chemical companies in a responsible and sustainable manner that ensures its position as a respected global corporate citizen.
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