China Unicom (Hong Kong) Limited

Thank you, Jackie.

Ladies and gentlemen, friends from the media, good afternoon, everyone. I am very happy to discuss the performance of China Unicom with you all. Due to the epidemic, unfortunately, we can't meet you all here in Hong Kong today. We will have a telephone meeting to communicate with you. I hope everyone is safe and healthy. In today's press conference, I will report on the overall performance of the company in 2020. After that, Mr. Zhong Yue and Mr. Ke Bing will introduce the company's business performance and financial performance respectively. Finally, we will be happy to discuss some of the issues that everyone is concerned about. The performance of the company in 2020 is as follows. . . . . Finally, the sixth one is to focus on the development of the industry and do our best to achieve high-quality development. In the past year, the company has continued to implement and focus on innovative cooperation strategies to actively promote the transformation of the comprehensive digitalization, the improvement of the ecosystem, the improvement of the ecosystem, the improvement of the ecosystem, the improvement of the ecosystem, the improvement of the ecosystem, the improvement of the ecosystem, the improvement of the ecosystem, 2020 Nian . . Xi Ji Chang Yu Shou Hui Da Tuo Ping Gong Jian Jing Li Zuo Hao Xi Ye De Shou Hui Zhe Ren Yi Qing Dui Gong Si De Jing Dao Cheng Lei Yi Ding De Qiao Zhan He Biao Shi Dai Ye Wu De Tuo Zhan Xin Yu De Fa Zhan Wu Ji Jian She He Huai Zhang Feng Xian Deng Fang Mian Deng Yi Qing Ye Jia Shu Jing Ji Shou Hui Shou Zhi Hua Wang Hua Zhi Neng Hua De Zhuan Xing Xu Qiu Wei Gong Si Dai Lai La Xin Da Zhang Xi . . Co-Founder of Co-Founder Co-Founder Q&A Co-Founder Co-Founder Ningxiao Feiyong Tongbi Jia Jiang Bai Fen Zhi Jiu Jia Zhi Jing Ying Cheng Xiao Jing Yi Bu Xian Xian Xia Mian Tao Lun Yi Xia Chuang Xin Ye Wu Gong Si Qiang Zhua Shu Zhi Cai Ye Hua Cai Ye Shu Zhi Hua De Fa Zhan Ji Yu Pui Dong Yu Ying Jia Zhi Hui Wang Luo Jia Zhi Neng Ying Yong Rong He Mo Shi Ju Jiao Zhong Dian Li Yu Zuo Tou Zuo Shen Chan Ping Senghua is a multi-faceted partner of Hongkai Co., Ltd. Senghua is a multi-faceted partner of Hongkai Co., Ltd. Senghua is a multi-faceted partner of Hongkai Co., Ltd. Senghua is a multi-faceted partner of Hongkai Co., Ltd. China Telecommunications Limited to continue deepening the supply and distribution of 5G. The company invested about 3.4 billion yuan in capital spending for 5G throughout the year. China Telecom completed about 300,000 5G base stations for the new supply and distribution of 5G. The total base station size of 5G reached 380,000 stations. All cities and cities across the country Taiwan China The capital of 5G is 3.5 billion yuan. It is expected that the scale of the 5G base station will reach more than 700,000 stations. Keep the network coverage quality in line with the industry. The shared construction and sharing of 5G network with China Telecom has effectively promoted the competitiveness and value of both sides' networks. The coverage of the 5G network construction of both sides Taiwan Taiwan Taiwan Taiwan Taiwan Taiwan In order to promote the development of 5G plus industrial Internet, Sinovac Inc. Inc. Inc. Inc. Through 5G application innovation alliance, we focus on more than 1,000 alliance members and advantageous resources, and jointly tolerate 5G application innovation. Next, let's talk about dividends. Since then, the company has been self-reliant in raising the share of shareholders. In the past three years, the net profit growth has reached 10.7%. The Board of Directors has recommended that the US dollar of the year 2020 is 0.164 yuan, and that the double-digit growth will continue. In the future, the company will continue to work hard to promote the growth of income and profit, and to develop a good business. and increase the company's value-added attractiveness, from the fundamental promotion of the stock price, to the pressure caused by the US former president's executive order on the company's stock price. Looking forward to the future, in the face of 5G and other new businesses, the digital economy will develop in the new South China Sea, and the company will firmly hold on to the key period, Co-Founder of Co-Founder Co-Founder Thank you, Chairman. Next, I would like to introduce the company's business performance in 2020.

In 2020, the company insisted on innovative development and diversified management in the field of mobile business. 5G innovative applications lead to user consumption improvement and drive full-time business development. Q1. Q2. Q3. In the country's new infrastructure strategy and the epidemic further accelerated this economic and social digitization, networkization, and intelligent transformation needs. So the company is alert to the opportunity to constantly launch innovative business and basic business integration development and mutual promotion, actively play the advantage of network, service, hybrid cooperation, and other resources, focusing on 3,000 megawatts of network resources, cloud plus network plus operation, integration service ability, and other active negative energy to earn customers, improve family user experience and value. . . . . . The big data business is leading in the industry. The Internet of Things self-connection and the ability of the device management platform are constantly improving. With the continued strengthening of innovative business capabilities, the company's industrial Internet revenue has increased by 30%, reaching 4.27 billion yuan. The company has a strong competitive advantage in the IDC business field. Through IDC plus cloud, plus network, plus application integration services, the solution of all-round and sensitive solutions is provided to customers. and established a rich network of resources, which has been fully restored and achieved a good cost-effectiveness. In 2020, the company's IDC business has achieved a revenue of $196 billion, which is 21% of the total growth. In 2021, the company plans to focus on areas of high demand and high value, continue to invest about $2.7 billion, actively introduce social cooperation and develop existing resources. It is expected that the available base price will reach $310,000. . . . . . Cooperation Cooperation Cooperation Cooperation Cooperation Co-Founder of Co-Founder of to enhance 5G, 4G, and basic infrastructure, build and share, and maximize resource sharing, promote 2G and 3G network simplification, and re-create parallel resources, accelerate network cloudization, intelligentization, and split area testing to improve network bandwidth. The NPS value of the company's previous network and network bandwidth network in the past has continued to increase, and the practice of the core network has continued to be the best in the industry, providing solid security and security for business development. Yi Nian Lai Gong Si Wei Rao Qi Huo Li Chu Fa Zhan Zhen Xiao Neng Shen Hua Gai Ge Yu Quan Mian Shu Zhi Hua Zhuan Xing Xie Tong Pui Jing Liu Da Yu Ying Ti Xi Bian Ge Xi Tong Pui Jing Ge Zhuan Ye Xian Tong Chou Xie Tong Quan Mian Cong Gou You Hua Liu Cheng Fu Neng Chuang Xin Yun Ying Wu Da Zhong Tai Jian She Jia Kuai Pui Jing Wan Cheng C B S S Xi Tong Bai Fen Zhi Yi Bai Qian Zhuan Jing Yi Bu Kuo Da I T Ji Yue Hua De Hang Ye Ling Xian You Shi Fen Zi Gong Si Shi Chang Hua Gai Ge Chi Xu Shen Hua We look forward to 2021, the company will focus on innovative cooperation strategy as a guide to continue deepening five-star joint construction. Thank you, President. I would like to make a brief explanation of the company's financial performance in 2020.