China National Petroleum and Chemical Corporation Co., Ltd. adheres to Xi Jinping's socialist thought with Chinese characteristics in the new era as the guide, from the political height of defending “two establishment” and practicing “two maintenance”, in-depth study and implementation of Xi Jinping's thought of the rule of law, actively implement the SASAC's deployment of the construction of a central enterprise under the rule of law, continuously improve the level of operation and management in accordance with the law, build the foundation of the rule of law, practice the way of the rule of law, accumulate the potential of the rule of law, and actively build a world-class clean energy and chemical company with strong strategic support, strong people's livelihood security, and strong spiritual appeal, and continuously enhance the good corporate image of the Party and the people.

Effectively strengthen the Party's overall leadership in the construction of the rule of law in enterprises.

The company's party group learns and implements Xi Jinping's thought of the rule of law for the first time, communicates and implements the new spirit of comprehensive rule of law and the new requirements for the construction of a central enterprise under the rule of law, regards law-abiding integrity as the foundation of the enterprise's survival, and regards strengthening compliance management as an important guarantee for risk prevention and long-term stability. Respect for the law and law-abiding usage as a habit and a kind of literacy to cultivate, and carry out long-term Party group (Party Committee) theoretical learning center group special study on the rule of law, training of leading cadres at all levels, and training in various professional fields have set up rule of law compliance courses.

Adhere to the same planning, deployment, and implementation of the construction of the rule of law of the enterprise and the tasks of the production and operation center, combined with the implementation of the spirit of the important instructions of General Secretary Xi Jinping's inspection of Shengli Oilfield, and make every effort to build a “five-in-one” rule of law work pattern based on system construction, guided by risk control, with internal control system as the platform, compliance management as the gripper, and legal support as the guarantee.The company's party group took the lead in talking about compliance, promoting compliance, and preventing risks. It advocated that from decision-making to implementation, it should be “done in accordance with the law and the system”, emphasizing “do not do anything that is not in compliance, and do not earn a cent of the money that is not in compliance”, and write compliance and integrity management in accordance with the law into the company's articles of association, clarify the audit and Risk committee of the board of directors to coordinate the construction of the rule of law compliance management system, and listen to reports on compliance with the rule of law and internal risk control every year, and resolutely promote production, operation and reform and development on the track of the rule of law.

Adhere to the close integration of the construction of the rule of law and the promotion of the fine traditions of petroleum and petrochemical, actively promote the integration of the rule of law publicity and education into all fields of enterprise production and operation, penetrate into all aspects of the construction of the rule of law, normalize the study of laws and regulations such as the Constitution and the Civil Code, and nearly 420,000 cadres and employees have completed compliance studies and signed commitments.

Consolidate and consolidate the foundation of the rule of law for the high-quality development of enterprises

Adhere to Xi Jinping's thought of the rule of law to arm the mind, guide practice, and promote work, take strengthening compliance management as the important responsibility of the first person responsible for the construction of the rule of law of the enterprise, incorporate the construction of the compliance management system into the overall deployment of the company's “14th Five-Year Plan”, formulate and implement the outline of the company's “14th Five-Year Plan” for the Construction of the Rule of Law, and the “Eighth Five-Year Plan” for the popularization of the law, and promote it in concert with the three-year action to deepen reform and the action to improve first-class management of benchmarking.The group and 138 units directly under it have established a leading group for governing enterprises in accordance with the law (Compliance committee) to build and form a “1+2+N” compliance management system system based on the group's party group's “Opinions on Sinopec's Comprehensive Management of Enterprises in Accordance with the Law and Regulations to Strengthen Management” as the “root”, “Sinopec's Integrity and Compliance Management Manual” and "Sinopec's Compliance Management Measures" as the "stem", and special work guidelines and system norms as the "branches and leaves" of the "1+2+N" compliance management system system.Establish and improve the responsibility system of "compliance must be managed for business management, and risk must be managed for business management“, implement the ”three lines of defense" for compliance management, strengthen the main responsibilities of compliance management in functional departments, business units, and business units, and clarify the overall coordination of compliance management by the rule of law compliance department, and do a good job in daily communication and coordination.

Adhere to deepening reform and strengthening management on the track of the rule of law, improving and implementing the review and control mechanism of the General Counsel, taking legal compliance review and major risk assessment as necessary pre-procedures for major decision-making matters, and continuously strengthening 100% legal compliance review of rules and regulations, economic contracts, and important decisions.Strengthen the whole life cycle management of the system, strengthen the legal compliance review of the system, normalize the evaluation of the effectiveness of the system, incorporate the implementation of the system into inspections, audits, and internal control supervision and inspections, and strengthen the construction of the system to the “last mile” of the grass-roots front-line, and improve the seriousness, authority and execution of the system.Make full use of information technologies such as big data, blockchain, and cloud computing to promote the integration of application system functions, build a “digital intelligence platform for rule of law compliance”, strengthen the interconnection, resource sharing, and effective integration between different functions and channels, and realize the unified collection, analysis, and application of application data in the domain.

Highlight and strengthen the ability to prevent and resolve legal compliance risks

Focusing on the central task of obeying the overall situation of service development and striving for better business performance, we will take the initiative to adapt to the needs of marketization, legalization, and internationalization, and firmly promote the close integration of the construction of the rule of law with business development, production and operation, and effectively play the role of the rule of law in solidifying the foundation, stabilizing expectations, and benefiting the long-term.

Comprehensively sort out and clarify the scope of “two high and one priority” for high-risk businesses, high-risk positions and key personnel of headquarters and enterprises, and promote compliance management requirements into internal control, into business, into processes, into positions, and into responsibilities.Establish a list of compliance risks in key areas, and identify a total of 837 compliance risks in the fields of production safety, ecological environmental protection, finance and taxation, bidding, labor and employment, and initiate the preparation of “two lists” of compliance responsibilities for important positions and compliance control lists for key business processes.

Establish and improve working mechanisms such as annual assessment of major risks, quarterly monitoring, early warning reports, supervision and supervision, and risk accountability, increase compliance risk identification and compliance review requirements in the comprehensive risk management risk matrix, and build and improve the “element identification—hazard assessment—strategy selection—prevention and control—monitoring and tracking—response and disposal—improvement and improvement” compliance risk closed-loop management model under the risk control system.

Establish and improve the mechanism for the identification and transformation of laws and regulations, continue to compile and issue special compliance management guidelines and risk lists in important areas, publish and dynamically update the list of laws and regulations involved in production and operation, and the list of business administrative licenses, qualifications, and licenses, and break down the “big list” of laws, regulations, and compliance risks into “small lists” that are easy for departments to use.

Focus on strengthening the prevention of international business risks, establishing and improving joint meetings and monthly reporting mechanisms for foreign-related legal compliance risk investigations, establishing a unified response mechanism for foreign-related compliance investigations, and continuously following up on legislative, judicial and law enforcement trends in sensitive countries and sensitive areas.Strengthen and enhance the ability to defend rights in accordance with the law, take multiple measures at the same time to promote the “deposit and control increase” of legal dispute cases, and the number of cases and the amount involved in the case have achieved a “double decline” for three consecutive years.

The world is leading, the rule of law takes the lead; the foundation is evergreen, and compliance is escorted.Sinopec will unswervingly implement the decision-making and deployment of the Party Central Committee, unswervingly follow the road of socialism with Chinese characteristics and the rule of law, and closely focus on the goals and requirements of “excellent products, outstanding brands, leading innovation, and modern governance”, and promote the realization of the transition from passive compliance to active compliance, from standard compliance to process compliance, from operational compliance to governance compliance development, from formal compliance to essential compliance, with a more powerful and effective guarantee of the rule of law, to help and escort the company to accelerate the construction of world-class enterprises and high-quality development.