Recently, China Petroleum & Chemical Corporation (Sinopec) officially abolished its supervisory board.

According to the resolution announcement of Sinopec’s 2025 Second Extraordinary General Meeting of Shareholders, the meeting approved proposals to revise the Articles of Association, the Rules of Procedure for Shareholders’ Meetings, and the Rules of Procedure for the Board of Directors, as well as to abolish the supervisory board and reduce registered capital.

From the conclusion of this extraordinary shareholders’ meeting, the company will no longer establish a supervisory board, and the powers and functions of the supervisory board will be exercised by the Audit Committee of the Board of Directors. All supervisors confirmed that there were no matters requiring the attention of Sinopec’s shareholders.

It is worth noting that on December 18, 2025, PetroChina Company Limited convened its 2025 First Extraordinary General Meeting of Shareholders, at which it passed proposals to revise its Articles of Association and related appendices and to abolish its supervisory board, formally canceling the supervisory board as well.