Corporate Governance Report

Investor Relations and Transparent Information Disclosure Mechanism

The Company establishes an Investor Relations Department which is responsible for providing shareholders and investors with the necessary information, data and services in a timely manner. It also maintains proactive communications with shareholders, investors and other capital market participants and provides them with the necessary information so as to allow them to fully understand the operation and development of the Company. The Company’s senior management presents the annual results and interim results in Hong Kong every year. Through various activities such as analyst meetings, press conferences, global investor telephone conferences and investors road shows, the senior management provides the capital markets and the media with important information related to key issues of which the investors are of prime concerns. This has helped to reinforce the understanding of the Company’s business and the overall development of the telecommunications industry in China. Since 2004, the Company has been holding the Annual General Meetings in Hong Kong to provide convenience and encourage its shareholders, especially public shareholders, to actively participate in the Company’s Annual General Meetings and to promote the direct communication and exchange of ideas between the Board and shareholders.

With an aim of strengthening communications with the capital market and enhancing the transparency of information disclosure, the Company has provided the quarterly disclosure of revenue, operating expenses, EBITDA, net profit figures and other key operational data, and the monthly announcements of the number of access lines in service, mobile subscribers (including 3G subscribers) and wireline broadband subscribers. The Company attaches great importance to maintain daily communication with shareholders, investors and analysts. In 2011, the Company has participated in a number of investors conferences held by a number of major international investment banks in order to maintain active communication with institutional investors.

In 2011, the Company attended the following investors conferences held by major international investment banks:

 

Date

Name of Conference

 

January 2011

Deutsche Bank Access China Conference 2011

 

January 2011

UBS Greater China Conference 2011

 

January 2011

DBS Vickers Pulse of Asia Conference 2011

 

March 2011

Credit Suisse Asian Investment Conference 2011

 

April 2011

Samsung Securities – Tablet & Smartphone Revolution Conference 2011

 

May 2011

Jefferies Technology, Internet, Media & Telecom Conference 2011

 

May 2011

Bank of New York Mellon/UBS Non-Deal Roadshow (US) 2011

 

May 2011

Macquarie Great China Conference 2011

 

May 2011

Morgan Stanley Hong Kong Investor Summit 2011

 

May 2011

SWS Hong Kong Conference 2011

 

May 2011

Daiwa Investment Conference 2011

 

May 2011

DBS Vickers Corporate Access Day 2011

 

May 2011

Goldman Sachs Telecom & Internet Corporate Day 2011

 

May 2011

UBS Asian Telecom Conference 2011

 

May 2011

CLSA China Investment Forum 2011

 

June 2011

Nomura Asia Equity Forum 2011

 

June 2011

J.P. Morgan 7th Annual China Conference 2011

 

June 2011

RBS Non-Deal Roadshow (US) 2011

 

June 2011

Daiwa Hong Kong China Investment Seminar 2011

 

June 2011

J.P. Morgan’s 15th Annual Asia Pacific Equity Conference 2011

 

June 2011

Credit Suisse China Investment Conference

 

July 2011

Nomura Non-Deal Roadshow (Australia) 2011

 

July 2011

RBS Hong Kong/China Investor Conference 2011