PCCW : CHANGE OF NON-EXECUTIVE DIRECTOR AND MEMBER OF REMUNERATION COMMITTEE

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.

電訊盈科有限公司

(Incorporated in Hong Kong with limited liability)

The Board of Directors (the "Board") of PCCW Limited (the "Company") announces that due to a change of nominee to the Board by中國聯合網絡通信集團有限公司 (China United
Network Communications Group Company Limited#), a substantial shareholder of the Company, (1) Mr Li Gang ("Mr Li") resigned as a Non-Executive Director of the Company and a member of the Remuneration Committee of the Board with effect from August 6, 2014; and (2) Mr Zhang
Junan ("Mr Zhang") has been appointed as a Non-Executive Director of the Company and a
member of the Remuneration Committee of the Board with effect from August 6, 2014.
Mr Li has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company.
The Board would like to express its gratitude to Mr Li for his valuable contributions to the
Company over the past few years.
Mr Zhang, aged 57, is a Vice President of 中國聯合網絡通信集團有限公司 (China United Network Communications Group Company Limited#) and Senior Vice President of China Unicom (Hong Kong) Limited ("Unicom HK"). He is also a Director and Senior Vice President of China United Network Communications Corporation Limited.
Mr Zhang joined 中國聯合網絡通信集團有限公司 (China United Network Communications Group Company Limited#) in December 2005 and currently serves as Vice President. Mr Zhang was appointed as Vice President of Unicom HK in April 2006, Executive Director of Unicom HK from April 2006 to October 2008 and Senior Vice President of Unicom HK in February 2009. He previously served as a Director of Bengbu Municipal Posts and Telecommunications Bureau
in Anhui Province and a Deputy Director of Anhui Provincial Posts and Telecommunications Bureau. From 2000 to 2005, he served as a Deputy General Manager and General Manager of Anhui Provincial Telecommunications Company and Chairman and General Manager of Anhui Provincial Telecommunications Co., Limited. In addition, Mr Zhang serves as a Non-Executive Director of China Communications Services Corporation Limited.
- 1 -
Mr Zhang graduated from Nanjing University of Posts and Telecommunications majoring in carrier communication in 1982, received a master's degree in Business Administration from Australian National University in 2002 and received a doctor's degree in Business Administration from Hong Kong Polytechnic University in 2008. Mr Zhang has worked in the telecommunications industry for a long period of time and has rich management experience.
Other than the positions disclosed above, Mr Zhang does not hold any position in the Company and does not have any relationship with any directors, senior management, substantial or controlling shareholders of the Company. As at the date of this announcement, Mr Zhang did not have any interest in the shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.
Pursuant to his letter of appointment with the Company, Mr Zhang is appointed for a term of three years subject to retirement by rotation and re-election at the annual general meetings of the Company at least once every three years pursuant to the articles of association of the Company. He is entitled to an annual fee of HK$218,400 to act as a Non-Executive Director of the Company, which is determined with reference to his responsibilities with the Company and the Company's remuneration policies.
Save for the information set out above, there is no other information which is discloseable pursuant to any of the requirements set out in Rule 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there are no other matters in relation to the above appointment that need to be brought to the attention of shareholders of the Company.
The Company would like to extend its warm welcome to Mr Zhang in joining the Board.
By order of the Board of PCCW Limited Philana WY Poon

Group Company Secretary

Hong Kong, August 6, 2014

# For identification only

- 2 -

As at the date of this announcement, the directors of the Company are as follows:

Li Tzar Kai, Richard (Chairman); Srinivas Bangalore Gangaiah (aka BG Srinivas) (Group Managing Director); Hui Hon Hing, Susanna (Group Chief Financial Officer) and Lee Chi Hong, Robert

Sir David Ford, KBE, LVO; Tse Sze Wing, Edmund, GBS; Lu Yimin (Deputy Chairman); Li Fushen; Zhang Junan and Wei Zhe, David

Dr The Hon Sir David Li Kwok Po, GBM, GBS, OBE, JP; Aman Mehta; Frances Waikwun Wong; Bryce Wayne Lee; Lars Eric Nils Rodert and David Christopher Chance

- 3 -

distributed by