China Telecom Corporation Limited is pleased to have been awarded "The Best Managed Telecommunications Company in China" in the "Asia's Best Managed Companies 2005" ranking by Euromoney, an international reputable financial magazine.

Euromoney's Asian company ranking is based on a survey of market analysts at international leading banks and research institutes. Respondents are asked to nominate companies based on its quality of management, market strength, profitability and growth potential.

China Telecom Corporation Limited is pleased to notice that our Chairman & CEO, Mr. Wang Xiaochu, has been awarded "The Best CEO in China" in the "2005 Asia Investor Relations Ranking" by Institutional Investors, an international reputable financial magazine.

With revenue of US$ 21,561mil., China Telecom was ranked the 262th in Fortune Global 500 largest Corporations (July 2005 edition). China Telecom was also ranked the 4th in Chinese top 100 listed corporations - by Fortune (July 2005 Chinese edition).