6-K

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 6-K

REPORT OFFOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2022

Commission File Number: 1-12158

Sinopec Shanghai Petrochemical Company Limited

(Translation of registrant’s name into English)

No. 48Jinyi Road, Jinshan District, Shanghai, 200540

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  ☒            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):______

EXHIBITS

Disclaimer - Forward-looking statements

We may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, expectations, developments and business strategies. Words such as “believe”, “anticipate”, “expect”, “intend”, “seek”, “will”, “plan”, “could”, “may”, “endeavor”, “target”, “forecast” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialize, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors and others are discussed more fully under the section titled “Item 3. Key Information—D. Risk Factors” in our most recent annual report on Form 20-F filed on April 28, 2021 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.

SIGNATURES

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.

EX-99.1

Exhibit 99.1

(A joint stock limited company incorporated in the People’s Republic of China)

(Stock Code: 00338)

VOLUNTARY ANNOUNCEMENT

INCREASE IN SHAREHOLDING OF H SHARES OF THE COMPANY BY

THE DE FACTO CONTROLLER AND ITS CONCERT PARTY

This is an announcement voluntarily made by Sinopec Shanghai Petrochemical Company Limited (the “Company”) in connection with certain matters relating to the increase in shareholding of H shares of the Company by the de facto controller and its concert party.

The board of directors of the Company (the “Board”) and all members of the Board warrant that there are no false representations, misleading statements or material omissions contained in this announcement and severally and jointly accept full responsibility for the truthfulness, accuracy and completeness of the information contained herein.

On 23 May 2022, the Company received a notice from China Petrochemical Corporation (the “CPC”), the de facto controller of the Company, that CPC has increased its shareholding of H shares of the Company (the “Increase in Shareholding”) through its overseas wholly owned subsidiary, details of which are as follows:

On 23 May 2022, an overseas wholly owned subsidiary of CPC increased its shareholding in the Company by acquiring 10,000,000 H shares of the Company in the secondary market, representing approximately 0.1% of the total issued share capital of the Company. Immediately prior to the Increase in Shareholding, CPC and its concert party directly and indirectly held 5,459,455,000 A shares of the Company, representing approximately 50.44% of the total issued share capital of the Company. Immediately following the Increase in Shareholding, CPC and its concert party directly and indirectly held 5,469,455,000 shares of the Company (including 5,459,455,000 A shares and 10,000,000 H shares), representing approximately 50.53% of the total issued share capital of the Company.

The reason for shareholding increase: due to confidence in the Company’s development prospects.

The type of shares to be acquired: unrestricted tradable H shares of the Company.

The amount of shares to be acquired: the accumulative increase in shareholding will not exceed 2% of the total issued share capital of the Company (inclusive of the shares acquired in the Increase in Shareholding).

The implementation term: within 12 months from and inclusive of the date of the Increase in Shareholding.

Source of funds: self-owned funds.

The Increase in Shareholding is in compliance with the Securities Law of the People’s Republic of China and other laws and regulations.

CPC and its concert parties undertake that they will not reduce their shareholding in the Company during the period when the plan for Increase in Shareholding is implemented or during the statutory period.

The Company will continue to monitor the increase in shareholding of the Company by CPC and its concert parties in accordance with relevant regulations and will make appropriate information disclosure in a timely manner.

Shanghai, the PRC, 23 May 2022