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 UNICOM (HONG KONG) LIMITED

中國聯合網絡通信(香港)股份有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 0762) Update on the Mixed Ownership Reform Plan

Reference is made to the announcements of China Unicom (Hong Kong) Limited (the "Company") dated 16, 20 and 22 August 2017 and 15 and 20 September 2017 in relation to the mixed ownership reform plan.

On 25 September 2017, China United Network Communications Limited, the controlling shareholder of the Company (the "Unicom A Share Company") received comments from China Securities Regulatory Commission in relation to Unicom A Share Company's application for the non-public issuance of the shares of Unicom A Share Company. On 28 September 2017, Unicom A Share Company published an announcement on the website of Shanghai Stock Exchange (www.sse.com.cn) containing its responses to such comments.

The completion of the Proposed Subscription is subject to the satisfaction of certain conditions and accordingly, the Proposed Subscription may or may not proceed. Shareholders, holders of ADSs and potential investors of the Company are advised to exercise caution when dealing in the Shares, ADSs and other securities of the Company. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers.

By Order of the Board of

China Unicom (Hong Kong) Limited Yung Shun Loy Jacky

Company Secretary

Hong Kong, 28 September 2017

As at the date of this announcement, the Board of Directors of the Company comprises:

Executive Directors:

Wang Xiaochu, Lu Yimin, Li Fushen and Shao Guanglu

Non-executive Director:

Cesareo Alierta Izuel

Independent Non-executive Directors:

Cheung Wing Lam Linus, Wong Wai Ming, Chung Shui Ming Timpson and Law Fan Chiu Fun Fanny

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China Unicom (Hong Kong) Ltd. published this content on 29 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 September 2017 08:24:04 UTC.

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