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SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2007
Commission File Number: 1-12158
Sinopec Shanghai Petrochemical Company Limited
(Translation of registrant’s name into English)
Jinshanwei, Shanghai
The People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- Not Applicable
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SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED
Form 6-K
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| News Wire Announcement on Change in Tax Rate dated August 10, 2007 |
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED | ||||
| Date: August 10, 2007 | By: | /s/ Rong Guangdao | ||
| Name: | Rong Guangdao | |||
| Title: | Chairman | |||
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(A joint stock limited company incorporated in the People’s Republic of China)
(Stock Code: 338)
Announcement on Change in Tax Rate
This announcement is made pursuant to the general disclosure requirements under Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Sinopec Shanghai Petrochemical Company Limited (the “Company”) and all members of the board of directors warrant that the information contained in this announcement is truthful, accurate and complete, and that there are no false presentations or misleading statements contained in, or material omissions from, this announcement.
The Company is notified by the Shanghai Municipal Office of the State Administration of Taxation that from 2007, the income tax rate for the Company will be adjusted from the original 15% to 33%.
According to the estimates by the Company’s finance department, the net profit of the Group (being the Company and its subsidiaries) disclosed for the first quarter of 2007 would accordingly decrease by approximately RMB227,000,000 according to the financial statements of the Company prepared based on the People’s Republic of China Accounting Rules and Regulations (the net profit of the Group (being the Company and its subsidiaries) for the first quarter of 2007 as disclosed on 27 April 2007, based on PRC Accounting Rules and Regulations was RMB1,078,490,000).
The board of directors of the Company advises investors to pay attention to the investment risks involved.
Sinopec Shanghai Petrochemical Company Limited
Shanghai, the PRC, 9 August 2007
As at the date of this announcement, the executive directors of the Company are Rong Guangdao, Du Chongjun, Han Zhihao, Shi Wei, Li Honggen and Dai Jinbao; the non-executive directors of the Company are Lei Dianwu and Xiang Hanyin, and the independent non-executive directors of the Company are Chen Xinyuan, Sun Chiping, Jiang Zhiquan and Zhou Yunnong.
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Price Sensitive Information Announcement on Change in Tax Rate
HONG KONG, Aug. 10 /Xinhua-PRNewswire-FirstCall/ — Sinopec Shanghai Petrochemical Company Limited (the “Company”) is notified by the Shanghai Municipal Office of the State Administration of Taxation that from 2007, the income tax rate for the Company will be adjusted from the original 15% to 33%.
According to the estimates by the Company’s finance department, the net profit of the Group (being the Company and its subsidiaries) disclosed for the first quarter of 2007 would accordingly decrease by approximately RMB227,000,000 according to the financial statements of the Company prepared based on the People’s Republic of China Accounting Rules and Regulations (the net profit of the Group (being the Company and its subsidiaries) for the first quarter of 2007 as disclosed on 27 April 2007, based on PRC Accounting Rules and Regulations was RMB1,078,490,000).
The board of directors of the Company advises investors to pay attention to the investment risks involved.
This announcement is made pursuant to the general disclosure requirements under Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The Company and all members of the board of directors warrant that the information contained in this announcement is truthful, accurate and complete, and that there are no false presentations or misleading statements contained in, or material omissions from, this announcement.
As at the date of this announcement, the executive directors of the Company are Rong Guangdao, Du Chongjun, Han Zhihao, Shi Wei, Li Honggen and Dai Jinbao; the non-executive directors of the Company are Lei Dianwu and Xiang Hanyin, and the independent non-executive directors of the Company are Chen Xinyuan, Sun Chiping, Jiang Zhiquan and Zhou Yunnong.
For more information, please contact:
Ms. Christy Lai
Rikes Communications Limited
Tel: (852) 2520 2201
Fax: (852) 2520 2241
SOURCE Sinopec Shanghai Petrochemical Company Limited
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