SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

The Securities Exchange Act of 1934

For the month of October 2020

CHINA PETROLEUM & CHEMICAL CORPORATION

22 Chaoyangmen North Street,

Chaoyang District, Beijing, 100728

People's Republic of China

Tel: (8610) 59960114

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F ✔ Form 40-F _____

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes ____ No ✔

(If "Yes" is marked, indicate below the file number assigned to registrant in connection with Rule 12g3-2(b): 82-__________. )

N/A

This Form 6-K consists of:

An announcement regarding progress of capital increase in Baling Petrochemical by China Petroleum & Chemical Corporation (the “Registrant”), made by the Registrant on October 30, 2020.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(a joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 00386)

Announcement on Progress of Connected Transaction

Capital Increase in Baling Petrochemical

Reference is made to the announcement on connected transaction of China Petroleum & Chemical Corporation (the “Company”) dated 28 October 2020 in relation to the capital increase in Baling Petrochemical (the “Announcement”). Capitalised terms used in this announcement shall have the same meaning as defined in the Announcement.

The Board is pleased to announce that on 30 October 2020, the Company entered into the Capital Increase Agreement with the Assets Company, which became effective on the same date. The principal terms of the Capital Increase Agreement and details of the Capital Increase were set out in the Announcement.

Upon completion of the Capital Increase, the shareholders of Baling Petrochemical and their respective shareholdings will remain unchanged, while the Company and the Assets Company will continue to hold 55% and 45% equity interest in Baling Petrochemical, respectively. Baling Petrochemical will remain a subsidiary of the Company.

	By order of the Board
	China Petroleum & Chemical Corporation
	Huang Wensheng
	Vice President, Secretary to the Board of Directors

Beijing, the PRC

30 October 2020

As of the date of this announcement, directors of the Company are: Zhang Yuzhuo* , Ma Yongsheng^# , Yu Baocai^# , Liu Hongbin^# , Ling Yiqun^# , Zhang Shaofeng* , Tang Min⁺ , Cai Hongbin⁺ , Ng, Kar Ling Johnny⁺

^#	Executive Director

^*	Non-executive Director

⁺	Independent Non-executive Director

SIGNATURE

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.

China Petroleum & Chemical Corporation

By: /s/ Huang Wensheng

Name: Huang Wensheng

Title: Vice President and Secretary to the Board of Directors

Date: November 2, 2020