Annual Report
2018

Shareholder Information

Share Information

Share Listing

China Telecom Corporation Limited’s H shares were listed on The Stock Exchange of Hong Kong Limited on 15 November 2002 and New York Stock Exchange as American Depositary Shares (ADSs) on 14 November 2002. ADSs are issued by The Bank of New York Mellon. Each ADS traded in the United States represents 100 ordinary H shares.

Stock Code

The Stock Exchange of Hong Kong Limited: 728

New York Stock Exchange: CHA

Share Price Performance

2018 Share Price HK$ per H Share US$ per ADS
High Low Close High Low Close
4.30 3.24 4.00 54.10 41.28 50.73

Number of issued shares: (as at 31 December 2018) 80,932,368,321
Market capitalisation: (as at 31 December 2018) HK$323.7 billion

Share price performance of China Telecom on The Stock Exchange of Hong Kong Limited versus Hang Seng Index (HSI) and MSCI World Telecom Service Sector Index (MSCI) from IPO on 15 November 2002 to 31 December 2018.

Distribution of Shares and Shareholdings

The share capital of the Company as at 31 December 2018 was RMB80,932,368,321, divided into 80,932,368,321 shares of RMB1.00 each. As at 31 December 2018, the share capital of the Company comprised:

Number of Shares Percentage of the Total Number of Shares (%)
Total Number of Domestic Shares: 67,054,958,321 82.85
Domestic shares held by:
China Telecommunications Corporation 57,377,053,317 70.89
Guangdong Rising Assets Management Co., Ltd. 5,614,082,653 6.94
Zhejiang Financial Development Company 2,137,473,626 2.64
Fujian Investment & Development Group Co., Ltd. 969,317,182 1.20
Jiangsu Guoxin Group Limited 957,031,543 1.18
Total Number of H Shares (including ADSs): 13,877,410,000 17.15
Total 80,932,368,321 100.00

Major Shareholders of H Shares

The following table shows the major shareholders that exercised or controlled the exercise of 5% or above of H shares as at 31 December 2018:

Name of Shareholder Number of Shares Percentage of the Total Number of H Shares in Issue (%)
JPMorgan Chase & Co. 1,659,402,128 11.96
Citigroup Inc. 1,245,294,634 8.97
The Bank of New York Mellon Corporation 1,190,211,519 8.58
BlackRock, Inc. 1,132,947,753 8.16
Templeton Global Advisors Limited 1,087,529,062 7.84

Dividend History

Financial Year Ex-Dividend Date Shareholder Approval Date Payment Date Dividend per Share (HK$)
2002 Final 16 May 2003 20 June 2003 10 July 2003 0.00837*
2003 Final 1 April 2004 3 May 2004 20 May 2004 0.065
2004 Final 21 April 2005 25 May 2005 23 June 2005 0.065
2005 Final 20 April 2006 23 May 2006 15 June 2006 0.075
2006 Final 26 April 2007 29 May 2007 15 June 2007 0.085
2007 Final 28 April 2008 30 May 2008 16 June 2008 0.085
2008 Final 23 April 2009 26 May 2009 30 June 2009 0.085
2009 Final 22 April 2010 25 May 2010 30 June 2010 0.085
2010 Final 18 April 2011 20 May 2011 30 June 2011 0.085
2011 Final 5 June 2012 30 May 2012 20 July 2012 0.085
2012 Final 4 June 2013 29 May 2013 19 July 2013 0.085
2013 Final 4 June 2014 29 May 2014 18 July 2014 0.095
2014 Final 1 June 2015 27 May 2015 17 July 2015 0.095
2015 Final 30 May 2016 25 May 2016 15 July 2016 0.095
2016 Final 26 May 2017 23 May 2017 21 July 2017 0.105
2017 Final 31 May 2018 28 May 2018 27 July 2018 0.115
2018 Final 3 June 2019 29 May 2019 26 July 2019 0.125**

Annual Reports

Our annual reports in both English and Chinese are now available through the Internet at https://www.chinatelecom-h.com. The Company will file an annual report in Form 20-F for the year 2018 with the United States Securities and Exchange Commission by 30 April 2019.

2018 Annual Report Survey

Annual Report is a key communication channel between shareholders and the Company. Last year, we received around 100 questionnaires of “Your Views on Annual Report 2017”. Each of these responses benefited us in enhancing and further improving our annual reports. We are deeply indebted to the respondents for their constructive responses. In accordance with our commitment, we have to contribute HK$50 to a charitable organisation for each questionnaire received. In this regard, we have given a sum of HK$10,000 to the charitable organisation, WWF, in 2018. In addition, we have already implemented the suggestion of allowing shareholders to choose means of receipt and language of corporate communication to enhance environmental protection and cost savings.

We value and are eager to keep hearing your comments on our annual report for our further improvement in the future. It is highly appreciated if you could spare your precious time to complete the questionnaire of “Your Views on Annual Report 2018”, as attached in this annual report, and return it by post or fax to us at +852 2877 0988. You can also fill in the electronic form at our website, www.chinatelecom-h.com.

Annual General Meeting

To be held at 11:00 a.m. on 29 May 2019 in Island Shangri-La Hong Kong.

Registered office

Address:

31 Jinrong Street
Xicheng District
Beijing
PRC 100033

Tel: 86 10 5850 1800
Fax: 86 10 6601 0728

Any enquiries relating to the strategic development or operations of China Telecom Corporation Limited, please contact the Investor Relations Department:

Investor Relations Department

Tel: 852 2877 9777
IR Enquiry: 852 2582 0388
Fax: 852 2877 0988
Email: ir@chinatelecom-h.com

Any enquiries relating to your shareholding, for example transfers of shares, change of name or address, loss of share certificates, please contact the H share registrar:

H share registrar

Computershare Hong Kong Investor Services Limited

Address:

Shops 1712–1716, 17th Floor
Hopewell Centre
183 Queen’s Road East Wanchai
Hong Kong

Tel: 852 2862 8555
Fax: 852 2865 0990
Email: hkinfo@computershare.com.hk

Any enquiries relating to ADSs, please contact the depositary:

ADS depositary

The Bank of New York Mellon

Address:

BNY Mellon Shareowner Services
P.O. Box 505000
Louisville
KY 40233-5000

Tel:

1-888-269-2377 (toll free in USA)
1-201-680-6825 (international)

Email:

shrrelations@bnymellon.com

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