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SEC Comment Letter 0000000000-23-013762 to SINOPEC SHANGHAI PETROCHEMICAL CO LTD (SPTJF) (CIK 0000908732) (SPTJF)

SINOPEC SHANGHAI PETROCHEMICAL CO LTD (SPTJF) (CIK 0000908732)
Date: Dec. 18, 2023 · CIK: 0000908732 · Accession: 0000000000-23-013762

AI Filing Summary & Sentiment

File numbers found in text: 001-12158

Date
December 18, 2023
Author
Not clearly detected
Form
UPLOAD
Company
SINOPEC SHANGHAI PETROCHEMICAL CO LTD (SPTJF) (CIK 0000908732)

Letter

United States securities and exchange commission logo December 18, 2023 Jun Du Chief Financial Officer Sinopec Shanghai Petrochemical Company Limited No. 48 Jinyi Road Jinshan District, Shanghai, 200540 People’s Republic of China Re:Sinopec Shanghai Petrochemical Company Limited Form 20-F for Fiscal Year Ended December 31, 2022 Response dated November 6, 2023 File No. 001-12158 Dear Jun Du: We have reviewed your November 6, 2023 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our October 5, 2023 letter. Form 20-F for Fiscal Year Ended December 31, 2022 Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections, page 85 1.We note that you do not believe that any members of your board of directors, including those who are members or officials of the CCP Committee of the Company, are Chinese Communist Party officials. Please clarify the basis for this statement given Article 33 of the Chinese Communist Party Constitution addresses the leading Party members groups or Party committees of state-owned enterprises, indicating they should play a leadership role and discuss and decide on major issues of their enterprise in accordance with regulations. In your response, please address the following:

•Please explain to us in reasonable detail the roles and responsibilities of the CCP Committee of the Company, including how they participate in deciding the major

FirstName LastNameJun Du Comapany NameSinopec Shanghai Petrochemical Company Limited December 18, 2023 Page 2 FirstName LastName Jun Du Sinopec Shanghai Petrochemical Company Limited December 18, 2023 Page 2 issues of their enterprise and the extent to which this group approves and directs major decisions and activities of their enterprise.

•Please provide us with a detailed explanation of the roles and responsibilities of each of your directors who is also an official or member of the CCP Committee of the Company on your operations and major decisions.

•Please explain to us in more detail how you considered whether the CCP Committee of the Company has effectively been appointed by or is effectively acting as an agent for the Chinese Communist Party and whether the functions of this role would reasonably meet a definition of a Chinese Communist Party official. Please contact Charles Guidry at 202-551-3621 or Jennifer Gowetski at 202-551-3401 with any other questions. Sincerely, Division of Corporation Finance Disclosure Review Program cc: Scott Lesmes, Esq.

Show Raw Text
United States securities and exchange commission logo
December 18, 2023
Jun Du
Chief Financial Officer
Sinopec Shanghai Petrochemical Company Limited
No. 48 Jinyi Road
Jinshan District, Shanghai, 200540
People’s Republic of China
Re:Sinopec Shanghai Petrochemical Company Limited
Form 20-F for Fiscal Year Ended December 31, 2022
Response dated November 6, 2023
File No. 001-12158
Dear Jun Du:
            We have reviewed your November 6, 2023 response to our comment letter and have the
following comment.
            Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
            After reviewing your response to this letter, we may have additional comments. Unless
we note otherwise, any references to prior comments are to comments in our October 5,
2023 letter.
Form 20-F for Fiscal Year Ended December 31, 2022
Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections, page 85
1.We note that you do not believe that any members of your board of directors, including
those who are members or officials of the CCP Committee of the Company, are Chinese
Communist Party officials.  Please clarify the basis for this statement given Article 33 of
the Chinese Communist Party Constitution addresses the leading Party members groups or
Party committees of state-owned enterprises, indicating they should play a leadership role
and discuss and decide on major issues of their enterprise in accordance with
regulations.  In your response, please address the following:

•Please explain to us in reasonable detail the roles and responsibilities of the CCP
Committee of the Company, including how they participate in deciding the major

 FirstName LastNameJun Du
 Comapany NameSinopec Shanghai Petrochemical Company Limited
 December 18, 2023 Page 2
 FirstName LastName
Jun Du
Sinopec Shanghai Petrochemical Company Limited
December 18, 2023
Page 2
issues of their enterprise and the extent to which this group approves and directs
major decisions and activities of their enterprise.

•Please provide us with a detailed explanation of the roles and responsibilities of each
of your directors who is also an official or member of the CCP Committee of the
Company on your operations and major decisions.

•Please explain to us in more detail how you considered whether the CCP Committee
of the Company has effectively been appointed by or is effectively acting as an agent
for the Chinese Communist Party and whether the functions of this role would
reasonably meet a definition of a Chinese Communist Party official.
            Please contact Charles Guidry at 202-551-3621 or Jennifer Gowetski at 202-551-3401
with any other questions.
Sincerely,
Division of Corporation Finance
Disclosure Review Program
cc:       Scott Lesmes, Esq.