Sinopec Appoints Northwest Oilfield Executive as Employee Representative Director

The latest announcement is out from China Petroleum & Chemical ( (HK:0386) ).

China Petroleum & Chemical Corporation has appointed Wang Shijie as an employee representative director to the ninth session of its board, with his term running from 19 March 2026 until the end of the current board’s tenure. Wang, a professor-level senior engineer and long-serving executive within Sinopec’s Northwest operations, currently serves as general manager and CPC committee secretary at Sinopec Group Northwest Petroleum Bureau and Northwest Oilfield Branch.

The company said Wang holds no shares in Sinopec, has no disclosed relationships with other key insiders, and has not been subject to regulatory sanctions, underscoring a standard and compliant board appointment process. His remuneration as employee representative director will be set under national rules and Sinopec’s internal performance and pay frameworks, with details to be disclosed in the company’s annual report, offering stakeholders ongoing transparency around governance and compensation practices.

The most recent analyst rating on (HK:0386) stock is a Sell with a HK$4.30 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.

More about China Petroleum & Chemical

China Petroleum & Chemical Corporation, known as Sinopec, is a major Chinese integrated energy and petrochemicals company engaged in the exploration, production, refining and sale of oil and gas, as well as the manufacture of petrochemical products. The group focuses on large-scale upstream and downstream operations serving both domestic and international fuel and chemical markets.

Average Trading Volume: 217,953,088

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$791.2B

Find detailed analytics on 0386 stock on TipRanks’ Stock Analysis page.