CHINA TELECOM CORPORATION LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
China Telecom Corporation Limited
中国电信股份有限公司
(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 728)
APPOINTMENT OF CHIEF EXECUTIVE OFFICER AND PROPOSED APPOINTMENT OF DIRECTOR
The board of directors (the "Board") of China Telecom Corporation Limited (the"Company") announces that Mr. Chang Xiaobing has been appointed as the chief executive officer of the Company with effect from 1 September 2015. In addition, the Company will seek approval for the proposed appointment of Mr. Chang Xiaobing as an executive director of the Company from the shareholders of the Company, effective from the date of approval by the shareholders of the Company at an extraordinary general meeting. The above appointment will be effective until the annual general meeting of the Company for the year 2016 to be held in the year of 2017.
Mr. Chang Xiaobing, aged 58, is the Chairman of China Telecommunications Corporation. Mr. Chang is a professor-level senior engineer. He graduated from the Nanjing Institute of Posts and Telecommunications with a bachelor degree in telecommunications engineering in 1982 and received a master degree in business administration from Tsinghua University in 2001. He received a doctorate degree in business administration from the Hong Kong Polytechnic University in 2005. Mr. Chang served as Deputy Director General of the Nanjing Telecommunications Bureau in Jiangsu province, Deputy Director General of Directorate General of Telecommunications of the Ministry of Posts and Telecommunications, Deputy Director General and Director General of the Telecommunications Administration Bureau of the former Ministry of Information Industry, Vice President of China Telecommunications Corporation, Executive Director and President of China Telecom Corporation Limited, the Chairman of China United Network Communications Group Company Limited, the Chairman of China United Network Communications Limited, the Chairman of China United Network Communications Corporation Limited, Executive Director, Chairman and Chief Executive Officer of China Unicom (Hong Kong) Limited and a director of Telefónica S.A.. Mr. Chang has extensive operational and managerial experience in the telecommunications industry.
Save as disclosed in this announcement, Mr. Chang Xiaobing did not hold any directorship in any other listed companies nor take up any post in any affiliated companies of the Company in the past three years, nor have any relationship with any other director, supervisor, senior management, substantial shareholder or controlling shareholder of the Company. Furthermore, Mr. Chang does not have any equity interest in the Company within the meaning of Part XV of the Securities and
Futures Ordinance of Hong Kong. Save as disclosed herein, there is no other information relating to the proposed appointment of Mr. Chang that shall be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited nor any matters which need to be brought to the attention of the shareholders of the Company. After the election of Mr. Chang as a director of the Company having been approved at the shareholders' meeting, the Company will enter into a service contract with Mr. Chang. The Board will determine the remuneration of Mr. Chang with reference to his duty, responsibility, experience as well as the current market situation.
The proposed appointment of Mr. Chang Xiaobing as an executive director of the Company will be submitted to an extraordinary general meeting for approval by the shareholders of the Company. A notice of extraordinary general meeting, which contains the details of such appointment will be despatched to the shareholders of the Company in due course.
By Order of the Board
China Telecom Corporation Limited
Yung Shun Loy, Jacky
Company Secretary
Beijing, PRC, 1 September 2015
As of the date of this announcement, the Board consists of Mr. Yang Jie as the president and chief operating officer, Mr. Zhang Jiping, Mr. Yang Xiaowei, Mr. Sun Kangmin and Mr. Ke Ruiwen as the executive vice presidents, Mr. Zhu Wei as the non-executive director, and Mr. Tse Hau Yin, Aloysius, Madam Cha May Lung, Laura, Mr. Xu Erming and Madam Wang Hsuehming as the independent non-executive directors.
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