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China Telecom Corporation Limited
Voting Results: Votes in Favor: 10 votes, Votes Against: 0 votes, Abstentions: 0 votes
(17) Approve the resolution on “authorizing the board of directors to determine the Company’s 2026 interim profit distribution plan”
This resolution is still subject to review and approval by the shareholders’ meeting.
Voting Results: Votes in Favor: 10 votes, Votes Against: 0 votes, Abstentions: 0 votes
(18) Approve the resolution on “submitting to the shareholders’ meeting for authorization of the board of directors to repurchase the Company’s shares”
The board of directors approves and submits to the 2025 annual shareholders’ meeting a general authorization to the Company’s board of directors to repurchase the Company’s shares. The authorization is granted to the board of directors to repurchase, separately or concurrently, no more than 10% of the respective number of A-share or H-share shares of the Company that have been issued as of the time when the general authorization is approved by the 2025 annual shareholders’ meeting, based on market conditions and the Company’s needs, and to authorize the board of directors and the persons authorized by the board of directors to specifically handle matters related to the share repurchase.
This resolution is still subject to review and approval by the shareholders’ meeting.
Voting Results: Votes in Favor: 10 votes, Votes Against: 0 votes, Abstentions: 0 votes
(19) Approve the resolution on “purchasing liability insurance for the Company and its directors and senior management”
Agree to purchase performance-of-duties liability insurance for the Company and the Company’s directors and senior management, and agree to submit this resolution to the shareholders’ meeting for review.
Voting Results: Votes in Favor: 10 votes, Votes Against: 0 votes, Abstentions: 0 votes
(20) Approve the resolution on “convening the 2025 annual shareholders’ meeting”
Specific matters regarding the shareholders’ meeting will be notified separately.
Voting Results: Votes in Favor: 10 votes, Votes Against: 0 votes, Abstentions: 0 votes
Notice is hereby given.
China Telecom Co., Ltd.
Board of Directors
March 24, 2026
Securities Code: 601728 Securities Abbreviation: China Telecom Announcement No.: 2026-006
China Telecom Co., Ltd.
Announcement on the 2025 Annual Profit Distribution Plan
The board of directors of the Company and all directors warrant that there are no false records, misleading statements or material omissions in the contents of this announcement, and assume legal responsibility for the truthfulness, accuracy and completeness of the contents.
Key Matters Highlighted:
● Distribution ratio per share: For 2025, the final dividend to be distributed is RMB 0.0908 per share (tax included), plus the interim dividend already distributed in 2025 of RMB 0.1812 per share (tax included). The total dividend for 2025 will be RMB 0.2720 per share (tax included), totaling approximately RMB 24.890 billion, representing 75% of the profit attributable to shareholders of the Company for 2025.
● This profit distribution is based on the total share capital registered as of the equity record date for the implementation of the equity distribution. The specific date will be set out in the announcement on the implementation of the equity distribution. If the Company’s total share capital changes before the equity record date for the implementation of the equity distribution, it is proposed to maintain the total distribution amount unchanged. The amount of cash dividends per share will be adjusted accordingly, and will be disclosed in the relevant announcements.
● The Company has not encountered any circumstances that may lead to other risk warnings as specified in Item (8) of Paragraph 1 of Article 9.8.1 of the “Shanghai Stock Exchange Listing Rules (Amended April 2025).”
● The profit distribution plan for this matter is subject to implementation only after it is approved by the Company’s 2025 annual shareholders’ meeting.
I. Contents of the Profit Distribution Plan
Pursuant to the audits by KPMG Huazhen Certified Public Accountants (Special General Partnership) and KPMG Certified Public Accountants, the undistributed profits at the end of the interim period in the parent company financial statements of China Telecom Co., Ltd. (hereinafter referred to as the “Company”) as of December 31, 2025 were RMB 169,850,623,864.03. Pursuant to a resolution of the board of directors, the Company’s profit distribution for 2025 is proposed to distribute profits based on the total share capital registered as of the equity record date for the implementation of the equity distribution. The profit distribution plan is as follows:
The Company proposes to distribute cash dividends of RMB 0.0908 per share to all shareholders (tax included). As of December 31, 2025, the Company’s total share capital was 91,507,138,699 shares. Based on this, the Company proposes to distribute cash dividends in the aggregate amount of RMB 8,308,848,193.87 (tax included). The Company’s total cash dividend for the current year (including the cash dividend already distributed for the interim period) will be RMB 24,889,941,726.13, representing 75% of the profit attributable to shareholders of the Company for 2025.
If the Company’s total share capital changes between the date of disclosure of this announcement and the equity record date for implementation of the equity distribution, it is proposed to maintain the total distribution amount unchanged, and to adjust the per-share distribution amount accordingly. If the total share capital changes subsequently, the specific adjustments will be announced separately.
This profit distribution plan is subject to implementation only after it is approved by the Company’s 2025 annual shareholders’ meeting.
II. Whether other risk-warning circumstances may be triggered
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III. Decision-making Procedures Fulfilled by the Company
On March 24, 2026, the Company held the 26th meeting of the eighth session of the board of directors, which deliberated and approved this profit distribution plan. This plan complies with the Company’s articles of association regarding its profit distribution policy and the shareholders’ return plan that has been disclosed.
IV. Risk Alerts Related
This profit distribution plan will not have a material impact on the Company’s cash flows and will not affect the Company’s normal operations and long-term development.
This profit distribution plan is subject to implementation only after being submitted to and approved by the Company’s 2025 annual shareholders’ meeting. Investors are kindly requested to pay attention to investment risks.
Notice is hereby given.
China Telecom Co., Ltd. Board of Directors
March 24, 2026
Securities Code: 601728 Securities Abbreviation: China Telecom Announcement No.: 2026-007
China Telecom Co., Ltd.
Announcement on the Renewal of Appointment of Accounting Firm
The board of directors of the Company and all directors warrant that there are no false records, misleading statements or material omissions in the contents of this announcement, and assume legal responsibility for the truthfulness, accuracy and completeness of the contents.
Key Matters Highlighted:
● Name of the accounting firm proposed to be appointed: KPMG Huazhen Certified Public Accountants (Special General Partnership) (hereinafter referred to as “KPMG Huazhen”); KPMG Certified Public Accountants (hereinafter referred to as “KPMG Hong Kong”).
I. Basic Information of the Accounting Firm Proposed to Be Appointed
(I) Information about the Firm
(1) Basic information
KPMG Huazhen was established in Beijing on August 18, 1992. On July 5, 2012, it was approved by the Ministry of Finance to be transformed into a Special General Partnership entity. It was renamed as KPMG Huazhen Certified Public Accountants (Special General Partnership). On July 10, 2012, it obtained its business license. On August 1, 2012, it commenced operations in an official capacity.
KPMG Huazhen’s head office is located in Beijing. The registered address is: Floor 8, Building 2, East Plaza, No. 1 Dong Chang An Avenue, Dongcheng District, Beijing.
(2) Information on personnel
Zou Jun, the chief partner of KPMG Huazhen, is a Chinese national and has the qualification of a Chinese certified public accountant. As of December 31, 2025, KPMG Huazhen had 247 partners and 1,412 certified public accountants, including more than 330 certified public accountants who have signed audit reports for securities service businesses.
(3) Business scale
For 2024, the total audited business revenue of KPMG Huazhen exceeded RMB 4.1 billion, of which the audit business revenue exceeded RMB 4.0 billion (including audit revenue from domestic statutory securities service businesses exceeding RMB 0.9 billion, other securities service business revenue of approximately RMB 1.0 billion, and securities service business revenue in total exceeding RMB 1.9 billion).
For 2024, the number of listed-company annual report audit clients of KPMG Huazhen was 127. The total audit fees for listed-company financial statement audits were approximately RMB 682 million. The listed companies are mainly in industries including manufacturing, finance, transportation, warehousing and postal services; information transmission, software and information technology services; real estate; electricity, heat, gas and water production and supply; mining; wholesale and retail; agriculture, forestry, animal husbandry and fishery; accommodation and catering; scientific research and technological services; health and social work; water conservancy, environment and public facilities management; culture, sports and entertainment; and leasing and commercial services. In 2024, the number of audit clients among listed companies in the Company’s same industry for KPMG Huazhen was 7.
(4) Investor protection capability
The sum of the accumulated occupational insurance compensation limits purchased by KPMG Huazhen and the occupational risk funds it has accrued exceeds RMB 200 million, which complies with the relevant legal and regulatory requirements. In the civil litigation related to its practice over the past three years, KPMG Huazhen has assumed civil liability as follows: During this period, civil lawsuits related to bonds were concluded. In the final judgments, KPMG Huazhen was held responsible for compensation at a proportion of 2%-3% (approximately RMB 4.6 million). The case settlement funds have been fully fulfilled.
(5) Integrity record
Over the past three years, KPMG Huazhen and its practitioners have not been subject to any criminal penalties, administrative penalties, or self-regulatory supervision measures or disciplinary actions by the securities exchange due to their practice. KPMG Huazhen and four practitioners were once subject to administrative regulatory measures in the form of a warning letter issued by the local CSRC; two practitioners were once subject to self-regulatory supervision measures by an industry association. Pursuant to the relevant laws and regulations, the foregoing matters do not affect KPMG Huazhen’s continued acceptance or execution of securities service businesses and other businesses.
(1) Basic information
KPMG Hong Kong is a partnership firm established under Hong Kong law, wholly owned by its partners. Since 1945, KPMG Hong Kong has provided professional services in auditing, taxation and advisory in Hong Kong, and provides audit services to many Hong Kong listed companies, including financial institutions such as banks, insurance and securities firms. Since its establishment, KPMG Hong Kong has been a member within the global organization of independent member firms associated with KPMG International.
Starting in 2019, KPMG Hong Kong registered as a public interest entity auditor under Hong Kong’s “Accounting and Financial Reporting Council Ordinance.” In addition, KPMG Hong Kong, with approval from the Ministry of Finance of the People’s Republic of China, has obtained a temporary audit business license for operations in Mainland China, and is an accounting firm registered to carry out relevant audit business with the Japanese Financial Services Agency (JFSA).
KPMG Hong Kong’s registered address is: 8/F, Prince’s Building, 10 Chater Road, Central, Hong Kong. As of December 2025, the total number of practitioners of KPMG Hong Kong exceeded 2,000.
(2) Investor protection capability
KPMG Hong Kong purchases occupational insurance each year in accordance with the requirements of relevant laws and regulations.
(3) Integrity record
The Accounting and Financial Reporting Council conducts independent inspections of KPMG Hong Kong every year. In the past three years, the inspections of practice quality have not identified any matters that have a material impact on audit business.
(II) Project information
The project partner and the signed certified public accountant is Ms. Yan Lin, who obtained the qualification of Chinese certified public accountant in 2002. Yan Lin began working at KPMG Huazhen in 1999. She began engaging in audits of listed companies in 2002. She has been providing audit services to this Company since 2024. In the past three years, Yan Lin has signed or reviewed 2 audit reports of listed companies.
The other signed certified public accountant for this project is Ms. Tan Yahong. She obtained the qualification of Chinese certified public accountant in 2012. Tan Yahong began working at KPMG Huazhen in 2006. She began engaging in audits of listed companies in 2013. She has been appointed as a signed accountant to provide audit services to this Company since 2025. In the past three years, Tan Yahong has signed or reviewed 3 audit reports of listed companies.
The project quality control reviewer is Ms. Wang Xiaorui, who obtained the qualification of Chinese certified public accountant in 2008. Wang Xiaorui began working at KPMG Huazhen in 2004 and began engaging in audits of listed companies in 2004. She has been providing audit services to this Company since 2024. In the past three years, Wang Xiaorui has not signed or reviewed any audit reports of listed companies.
In the past three years, neither the project partner and signed certified public accountant Ms. Yan Lin, nor signed certified public accountant Ms. Tan Yahong, nor project quality control reviewer Ms. Wang Xiaorui has been subject to any criminal penalties, administrative penalties, administrative regulatory measures, self-regulatory supervision measures, or disciplinary actions due to their practice.
KPMG Huazhen, KPMG Hong Kong, and the project partner and signed certified public accountant Ms. Yan Lin, signed certified public accountant Ms. Tan Yahong, and project quality control reviewer Ms. Wang Xiaorui have maintained independence in accordance with the provisions of the Code of Professional Ethics and the independence standards.
The audit fees for KPMG Huazhen’s audit services for 2026 will be determined using a fair and reasonable pricing principle, based on factors such as the industry the Company is in, the scale of the business, the complexity of accounting treatment, and the availability of audit personnel required for the annual audit and the workload to be invested.
II. Procedures to Be Followed for the Renewal of Appointment of the Accounting Firm
(I) The Company’s board of directors’ audit committee conducted thorough understanding and review of KPMG Huazhen and KPMG Hong Kong’s basic information, proof of practice qualifications, business scale, personnel information, professional competence, investor protection capability, independence and integrity status, and assessed the audit work for 2025. The audit committee believes that KPMG Huazhen and KPMG Hong Kong have the relevant qualifications to engage in audit services, can meet the Company’s audit needs, and during their audit of the Company’s financial reports for 2025, strictly complied with the relevant audit standards, performed the necessary audit procedures, collected appropriate and sufficient audit evidence, and their audit conclusions are consistent with the Company’s actual situation. The Company’s proposed renewal of appointment of this firm does not involve circumstances that would damage the lawful interests of the Company, its shareholders in particular, and especially its minority shareholders. The Company therefore plans to renew the appointment of KPMG Huazhen and KPMG Hong Kong, and the Company’s board of directors’ audit committee agrees with this resolution.
(II) On March 24, 2026, the Company held the 26th meeting of the eighth session of the board of directors, which examined and approved the resolution titled “Assessment of the Performance of External Auditors’ Audit Work for 2025 and Appointment of External Auditors for 2026.” It approved the proposed appointment of KPMG Huazhen and KPMG Hong Kong as the Company’s external auditors for 2026, and agreed to submit to the 2025 annual shareholders’ meeting for approval the proposed appointments and to authorize the Company’s board of directors to determine the relevant audit fees.
(III) This matter of appointing the accounting firm is still subject to submission to the Company’s shareholders’ meeting for review, and it shall take effect as of the date on which it is approved by the Company’s shareholders’ meeting.
Notice is hereby given.
China Telecom Co., Ltd.
Board of Directors
March 24, 2026
Securities Code: 601728 Securities Abbreviation: China Telecom Announcement No.: 2026-008
China Telecom Co., Ltd.
Announcement on the 2026 External Guarantee Plan
The board of directors of the Company and all directors warrant that there are no false records, misleading statements or material omissions in the contents of this announcement, and assume legal responsibility for the truthfulness, accuracy and completeness of the contents.
Key Matters Highlighted:
● Guarantee parties and basic information
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● Cumulative guarantee situation
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I. Overview of the Guarantees
(I) Basic information of the guarantees
Based on the needs of daily production and business operations, for 2026, the Company’s subsidiaries (meaning the Company’s wholly owned and controlled subsidiaries, the same hereinafter)—China Telecom Group Finance Co., Ltd. (hereinafter referred to as the “Finance Company”) and China Telecom International Co., Ltd. (hereinafter referred to as the “International Company”) are proposed to provide guarantees to the Company’s wholly owned subsidiaries. The total guarantee额度 will not exceed RMB 360 million (or the equivalent amount in foreign currency). Among them, non-financing guarantee letters and bills acceptance credit lines provided by the Finance Company will be RMB 327 million, and performance guarantees will be RMB 33 million.
Pursuant to the relevant provisions of the “Articles of Association of China Telecom Co., Ltd.” and the “Guidelines on Self-Regulation No. 1—Standardized Operation” of the Shanghai Stock Exchange for listed companies, in this annual guarantee plan, the guaranteed parties are all the Company’s wholly owned subsidiaries, and their asset-liability ratios do not exceed 70%. The guarantors have fulfilled the relevant internal decision-making procedures for the relevant guarantee matters. The validity period of the above新增 guarantee额度 ends on March 31, 2027.
(II) Basic information expected for the guarantees
Unit: RMB 10,000
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II. Basic information of the guaranteed parties
(I) Basic information
■
III. Main contents of the guarantee agreements
The guarantees provided by the Company’s subsidiaries to the above guaranteed parties are all non-financing guarantees. Matters such as the guaranteed party, the amount of each guarantee, and the guarantee term shall be subject to the guarantee contracts actually signed. The subsidiaries will strictly approve guarantee matters in accordance with relevant laws and regulations and internal system documents, and will strictly control debt risk.
IV. Necessity and reasonableness of the guarantees
The Company’s 2026 guarantee plan is formulated based on the subsidiaries’ actual operating and business development needs, to ensure the smooth conduct of their production and business activities, and it is consistent with the Company’s actual operating conditions and overall development strategy. All the guaranteed parties in this matter are wholly owned subsidiaries. The Company can effectively manage their operations. The overall guarantee risk is controllable. It will not bring any adverse impact on the Company’s normal operations, financial position or operating results. There is no circumstance that would harm the interests of the Company and all its shareholders.
V. Total number of external guarantees and number of guarantees overdue
As of the date of disclosure of this announcement, the outstanding balance of external guarantees provided by the Company and its subsidiaries is RMB 96.7411 million, representing 0.0207% of the Company’s net assets in the most recent audited period (as of December 31, 2025). All of them are guarantees provided by the Company’s subsidiaries to other wholly owned subsidiaries of the Company. The Company has not provided any guarantees to any subsidiaries or third parties, and there are no overdue guarantees.
If the external guarantee amount involves foreign currencies, it shall be converted at the midpoint exchange rate of RMB published by the People’s Bank of China on March 23, 2026.
Notice is hereby given.
Board of Directors of China Telecom Co., Ltd.
March 24, 2026
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