中國電信股份有限公司（「本公司」）董事會（「董事會」）宣佈，根據有關法律、法規和《公 司章程》的規定，經本公司職工代表民主選舉，一致同意選舉關麗莘女士（「關女士」）為本 公司第八屆董事會職工董事，其任期自 2025 年 12 月 25 日起至本公司第八屆董事會任期屆滿 為止。關女士不在本公司領取董事職務薪酬。 關麗莘女士，54 歲，本公司職工董事。關女士為高級經濟師、漢語言文學學士。關女士曾任天 翼雲科技有限公司副總經理、總法律顧問、工會主席、上海理想信息產業（集團）有限公司董 事、本公司職工代表監事，現任中國電信集團有限公司工會常務副主席、職工董事。關女士在 電信行業具有豐富的運營管理經驗。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 China Telecom Corporation Limited 中国电信股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份編號：728） 選舉職工董事 關女士現時及於過往三年概無於本公司以外的任何 ...

Core Insights - Digital transformation is now a critical path for enterprise upgrades, shifting from an optional strategy to a necessity in the digital economy [1] - Many enterprises hesitate to proceed with digital transformation due to high costs and the disconnect between technology upgrades and business needs [1] - China Telecom Financial Company serves as a case study demonstrating the value of digital transformation through its successful core system reconstruction [2] Company Transformation - After a year of hard work, China Telecom Financial Company completed the reconstruction of its core system by the end of September this year [2] - The company aims to align with national requirements for a technology-driven financial system, focusing on principles such as professional service, digital intelligence, and compliance [2] - The transformation includes comprehensive changes in service models, customer service, management, and technological capabilities [2] System Development - The company identified issues with existing market products that did not meet its digital transformation needs, leading to the development of a fully self-controlled, intelligent financial core platform [3] - The new system addresses pain points such as technological dependency, rigid architecture, and insufficient security, integrating resources in software development, cloud, security, and quantum technology [3] Efficiency and Security Improvements - The new core system significantly enhances efficiency, reducing payment processing time from 3-5 minutes to just 10 seconds, achieving a 20-fold increase in efficiency [4] - The system's security has improved, allowing seamless switching between systems and achieving a business continuity capability rated at L6 [4] Business Model Innovation - The new system enables the company to innovate its business model, allowing for flexible combinations of financial products tailored to the needs of group member enterprises [4] - The company is also looking to extend its new system's capabilities to the broader financial company industry, engaging with over 50 financial companies regarding core system upgrades [4] Future AI Applications - The new system will support future AI applications, with plans to complete a "financial private cloud" by the end of 2026, establishing a comprehensive big data system for intelligent operations [5] - The company aims to explore deep applications of AI in financial scenarios, including intelligent risk control and advisory services, to enhance business transformation and productivity [6]

Core Insights - Central enterprises are expected to enhance their roles in serving the national economic development and improving people's livelihoods, contributing significantly to China's modernization efforts [1] Group 1: Strengthening Scale and Capability - Central enterprises have seen their total assets exceed 90 trillion yuan, with significant advancements in various sectors, including the successful operation of the world's first commercial supercritical carbon dioxide power generation unit and the launch of the largest green hydrogen-ammonia integrated project [2] - The cumulative R&D expenditure of central enterprises has surpassed 5 trillion yuan, with an annual investment growth rate in emerging industries exceeding 20% [2] - The number of technology talents in central enterprises has increased by nearly 50%, enhancing their scale, value creation capabilities, and brand influence [2] Group 2: Industrial Upgrading and Innovation - Central enterprises are focusing on technological innovation to drive industrial transformation, with 438 technology breakthroughs achieved this year [3] - The implementation of the "Artificial Intelligence +" initiative has led to over 800 application scenarios and the establishment of 1,854 smart factories [3] - During the "14th Five-Year Plan" period, energy consumption per unit of output and carbon dioxide emissions per unit of output have decreased by 12.8% and 13.9%, respectively [3] Group 3: Strategic Function and Governance - The establishment of 9 new central enterprises has been completed as part of the deepening reform of state-owned enterprises, with a focus on strategic restructuring [4] - The management levels of central enterprises are now controlled within four tiers, improving management efficiency and transparency [5] - The State-owned Assets Supervision and Administration Commission (SASAC) has implemented a more scientific regulatory approach, including a tailored assessment for each enterprise and the establishment of a national property information database [5]

证券日报网讯 12月25日，中国电信发布公告称，经职工代表民主选举，一致同意选举关丽莘女士为公 司第八届董事会职工董事，任期与第八届董事会任期一致。 （文章来源：证券日报） ...

证券代码：601728 证券简称：中国电信 公告编号：2025-040 中国电信股份有限公司 关于选举职工董事的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国电信股份有限公司（以下简称"公司"）根据有关法律、法规 和《公司章程》的规定，经公司职工代表民主选举，一致同意选举关 丽莘女士为公司第八届董事会职工董事（简历附后），任期与第八届董 事会任期一致。 本次选举职工董事不会导致公司第八届董事会中兼任公司高级管 理人员以及由职工代表担任的董事人数超过公司董事总数的二分之一， 符合相关法律法规规范及《公司章程》的规定。 二〇二五年十二月二十五日 1 附件： 关丽莘女士简历 关丽莘女士：54 岁，关女士为高级经济师、汉语言文学学士。关 女士曾任天翼云科技有限公司副总经理、总法律顾问、工会主席、上 海理想信息产业（集团）有限公司董事、本公司职工代表监事，现任 中国电信集团有限公司工会常务副主席、职工董事。关女士在电信行 业具有丰富的运营管理经验。 截至目前，关丽莘女士未持有本公司任何股份权益，与公司控股 股东、实际控制人、 ...

本次选举职工董事不会导致公司第八届董事会中兼任公司高级管理人员以及由职工代表担任的董事人数 超过公司董事总数的二分之一，符合相关法律法规规范及《公司章程》的规定。 格隆汇12月25日丨中国电信(601728.SH)公布，公司根据有关法律、法规和《公司章程》的规定，经公 司职工代表民主选举，一致同意选举关丽莘女士为公司第八届董事会职工董事，任期与第八届董事会任 期一致。 责任编辑：钟离 财经频道更多独家策划、专家专栏，免费查阅>> ...

Core Insights - The implementation of the "AI+" initiative in China aims to enhance technology, industry development, and consumer quality through six key actions, with a focus on AI integration in various sectors [1] Group 1: AI Technology Development - China Telecom's Yipay has been deepening its technological layout and product integration in the AI field, driving the large-scale application of AI technologies in core business scenarios such as payment, customer service, and risk control [1] - The Insight AI platform has emerged as a core driver for intelligent transformation, providing a one-stop generative AI application development and management platform that integrates application management, knowledge base construction, model customization, and seamless API integration [2] - The Talon inference acceleration architecture, developed by China Telecom, achieves a speed increase of up to 6.52 times while reducing inference costs to one-sixth of previous levels, marking a performance improvement of over 50% [2][3] Group 2: Application and User Experience - The Talon architecture has been recognized at the international level, with its technical paper accepted by the AAAI conference, highlighting its significance in the field of large model inference acceleration [3] - The implementation of intelligent agents, such as the "Three Think RPA," has improved operational efficiency by 90% across over 70 application scenarios, significantly reducing labor costs and enhancing business process efficiency [4] - The "Nexus AI Office Assistant" integrates various AI applications to reduce repetitive work by 30%, facilitating office automation [4] Group 3: Future Outlook - By 2025, the comprehensive upgrade of the Insight AI platform, breakthroughs in Talon inference acceleration, and the practical application of intelligent agents will establish a complete AI technology system from platform to infrastructure to business applications [5] - China Telecom plans to continue deepening the integration of "AI+" technology with the payment ecosystem, expanding multimodal applications and industry solutions to drive business growth and support digital transformation across various sectors [5]

Core Viewpoint - China Telecom's Yipay is focusing on building a dual-driven development model of "data technology + payment technology" to support the intelligent upgrade and sustainable transformation of modern industrial chains by 2025 [1] Group 1: Smart Regulatory Capabilities - Yipay is implementing a "penetrating regulation" system, named "Yufeng," which utilizes big data and AI to enhance compliance and risk management [2] - The "Yufeng" system addresses traditional management issues such as data silos and delayed responses, enabling real-time tracking of fund flows and identification of hidden transaction patterns [2] - The system has been successfully applied in over ten central state-owned enterprises, improving governance transparency and risk control effectiveness [3] Group 2: Domestic System Development - Yipay has developed the "Chenji" financial system, achieving 100% domestic production from hardware to software, ensuring the security of the technology supply chain [4] - The "Chenji" system supports high concurrency payment processing and disaster recovery, meeting the highest continuity requirements in the financial industry [4] - It integrates intelligent risk control as a core function, providing a comprehensive solution for financial management and transforming traditional functions into value creation centers [4] Group 3: Payment Technology Integration - Yipay is integrating its payment technology into various business scenarios, enhancing operational efficiency across industries [5] - In retail, the "Cloud Guard" solution combines AI and IoT to enable 24-hour smart operations, reducing labor costs and stimulating nighttime consumption [5] - The company is also enhancing payment convenience for foreign nationals in China by launching an international version of its app and supporting various foreign e-wallets [5]

Core Viewpoint - The increasing number of dissenting votes from H-share shareholders at various A+H listed companies indicates a growing concern over ESG (Environmental, Social, and Governance) standards, reflecting a shift in the importance of ESG from a supplementary factor to a prerequisite for engaging with global capital markets [3][4][5]. Group 1: Dissenting Votes in H-share Meetings - Numerous H-share shareholder meetings have seen significant opposition to ordinary resolutions, with dissenting votes reaching 3.08 billion shares (12.02%) at China Energy Construction and 1.21 billion shares (16.08%) at GF Securities [4]. - At China Telecom's meeting, two resolutions received 4.37 billion dissenting votes, exceeding 20% of the total [5]. - The trend of high dissenting votes has been persistent, with companies like Huatai Securities and Huaneng International also facing substantial opposition [6]. Group 2: ESG Concerns and Standards - Foreign investment institutions are increasingly critical of the ESG content in Chinese companies' reports, viewing dissenting votes as a statement on corporate governance [3][7]. - The disparity in ESG standards between domestic and international expectations poses a dual challenge for Chinese companies, as they must meet both international rating requirements and local policy directives [3][9]. - The MSCI research indicates that companies with lower ESG ratings face higher financing costs, with a difference of approximately 1.1 percentage points between the highest and lowest rated firms [8]. Group 3: Challenges in ESG Reporting - There is a perception among some overseas institutions that Chinese companies' ESG evaluations are biased, often focusing on documentation rather than practical actions [10]. - The Future Vision report highlights that 73.6% of Chinese companies lag in governance and behavior issues compared to a global average of 44.7%, indicating a significant gap in ESG performance [11]. - The need for a unified and industry-adapted disclosure standard is emphasized, with suggestions for collaborative governance among government, regulatory bodies, investment institutions, and companies to enhance ESG reporting quality [12][13]. Group 4: Progress in A-share ESG Reporting - A-share companies have made significant strides in ESG governance, with the disclosure rate of ESG reports increasing from 34.86% in 2022 to 41.51% in 2023, and projected to reach 46.34% in 2024 [14][15]. - The regulatory framework has evolved, with new guidelines promoting sustainable development reporting and aligning with international climate change disclosure requirements [14]. - Companies are shifting their perspective on ESG from viewing it as a cost to recognizing its potential as a capital-generating asset [15].

Group 1 - The board of directors of China Telecom convened its 24th meeting on December 24, 2025, with 8 out of 9 directors present, and the meeting was chaired by Chairman Ke Ruiwen [2][3] - The board approved the proposal for the external auditor's fees for the 2025 fiscal year, totaling RMB 52 million, which includes RMB 39.2 million for financial statement audits and RMB 12.8 million for internal control audits [3][4] - The voting results for the auditor's fee proposal were unanimous, with 9 votes in favor and no votes against or abstentions [5] Group 2 - The board approved the proposal for the estimated upper limit of related party transactions with China Tower Corporation for the year 2026, which does not require shareholder approval [6][19] - The independent directors and the audit committee reviewed and approved the related party transaction proposal, confirming that it aligns with the company's development needs and adheres to principles of fairness and transparency [7][19] - The expected related party transaction amounts for 2026 will be within the approved limits, allowing for adjustments based on actual business needs [20][21] Group 3 - The company received a notice from KPMG Huazhen regarding a change in the signing auditor for the 2025 fiscal year, with Tan Yuhong replacing Liu Jingyuan as the signing auditor [11][12] - The change in the signing auditor is not expected to adversely affect the company's financial statement audits or internal control audits for 2025 [15] - Tan Yuhong has been with KPMG Huazhen since 2006 and has maintained a clean record without any penalties or disciplinary actions in the past three years [13][14]