来源：央视网 央视网消息：12月5日，2025数智科技生态大会期间，中国电信现代产业链焕新升级共链大会暨AI+智 慧监管生态合作论坛在广州成功举办。论坛围绕现代产业链焕新升级的新内涵、新举措、新成果展开深 入探讨。 本次大会，中国电信翼支付联合15家产业链伙伴代表，共同成立"中国电信现代产业链焕新升级共链行 动暨数字消费权益生态联盟"，期待通过持续深化产业链生态合作，更好满足用户高品质生活需求，促 进国民经济循环畅通。 据了解，中国电信翼支付基于数字消费权益生态的丰富场景，创新打造"翎泽"数字消费生态平台，该平 台已连接超70家央国企及200个行业头部品牌，构建起以央国企为核心、服务范围覆盖全国、安全可信 的数字消费权益生态。该平台已在30余家央国企落地应用并成功入选2025年国务院国资委央企人工智能 战略性高价值场景。 为进一步筑牢产业链自主可控安全防线，中国电信智慧监管御风品牌发布暨生态联盟正式启航，中国电 信翼支付携手十余家产业链伙伴展开生态合作，为产业链数据运营智能化、治理现代化转型提供有力支 撑。 在同期举办的数智科技生态展上，中国电信翼支付打造的AI+支付与数据科技生态合作展区，集中呈现 了数字消 ...

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (72.88%), Power Assets Holdings (69.70%), and GCL-Poly Energy Holdings (69.23%) [1][2] - The largest increases in holdings over the last five trading days were seen in the Tracker Fund of Hong Kong (+2.874 billion), Xiaomi Group-W (+1.552 billion), and Meituan-W (+925 million) [1][2] - The largest decreases in holdings were recorded for Tencent Holdings (-2.444 billion), SMIC (-1.011 billion), and Zijin Mining (-646 million) [1][3] Group 1: Hong Kong Stock Connect Holding Ratios - China Telecom (00728) has a holding of 10.115 billion shares, representing 72.88% [2] - Power Assets Holdings (01635) has a holding of 372 million shares, representing 69.70% [2] - GCL-Poly Energy Holdings (01330) has a holding of 280 million shares, representing 69.23% [2] Group 2: Recent Increases in Holdings - Tracker Fund of Hong Kong (02800) saw an increase of +2.874 billion in holdings, with a change of +11.06275 million shares [2] - Xiaomi Group-W (01810) experienced an increase of +1.552 billion in holdings, with a change of +3.64502 million shares [2] - Meituan-W (03690) had an increase of +925 million in holdings, with a change of +930.15 thousand shares [2] Group 3: Recent Decreases in Holdings - Tencent Holdings (00700) had a decrease of -2.444 billion in holdings, with a change of -404.04 thousand shares [3] - SMIC (00981) saw a decrease of -1.011 billion in holdings, with a change of -1.40754 million shares [3] - Zijin Mining (02899) experienced a decrease of -646 million in holdings, with a change of -1.90246 million shares [3]

Core Insights - The year 2025 is anticipated to be the "year of intelligent agents," with a consensus emerging in the industry that large models must be integrated into specific scenarios to solve complex tasks for commercial viability [1] - The release of China Telecom's Starry Intelligent Agent Service Platform 1.0 aims to address current pain points in AI development, particularly the issue of users navigating multiple apps to complete cross-scenario tasks [1][2] Group 1: Platform Features - The Starry Intelligent Agent Service Platform 1.0 is built on a "central control engine and multi-scenario intelligent agent collaborative architecture," focusing on AI restructuring basic services to create a comprehensive intelligent service ecosystem [2] - The "Starry Little Chen" intelligent agent serves as a unified entry point across devices, allowing users to issue complex tasks without switching between multiple apps, emphasizing compatibility, simplicity, and openness [2][3] Group 2: Core Capabilities - The platform's "dialogue-as-a-service" experience is supported by four core capabilities, with the model capability acting as the brain of the intelligent agent, featuring a tree structure for rapid routing and deep understanding of user intent [3] - Memory capability enhances user engagement by creating user profiles through a data feedback loop, allowing the system to recognize user preferences and improve service personalization over time [3] Group 3: Industry Transformation - The launch of the Starry Intelligent Agent Service Platform 1.0 signifies a shift for telecom operators from being mere "connectivity service providers" to "intelligent service enablers," driven by policy incentives, technological advancements, and increasing market demand [4][5] - The integration of intelligent agents is seen as a strategic opportunity for telecom operators to reclaim their position in the value chain, especially as the digital economy evolves and user demands for personalized services grow [5][6] Group 4: Market Opportunities - The unified entry point "Starry Little Chen" aims to connect various scenarios such as communication, home services, payments, and tourism, providing ecosystem partners with access to a vast user base without the need for multiple system integrations [6] - Analysts believe that the "platform + ecosystem" model could significantly enhance value-added services and data operation revenues for telecom operators if successfully implemented [6]

Group 1 - The core focus of the event was to showcase the collaborative achievements of China Telecom and its listed subsidiaries in the implementation of the "Cloud Transformation, Data Transition, Intelligent Benefits" strategy [1][2] - The event featured participation from over 30 investors and analysts from 30 institutions, including major securities firms, aimed at presenting the latest developments in key business areas such as artificial intelligence, cloud computing, and industrial digitalization [1][2] - China Telecom emphasized the importance of market value management as a strategic initiative for promoting high-quality development among its listed companies, enhancing their intrinsic value and core competitiveness [2] Group 2 - The event included immersive experiences and deep exchanges that allowed investors to appreciate the technological innovations and new business layouts of China Telecom, particularly in computing power, platforms, data, models, and applications [3] - Investors expressed strong recognition of China Telecom's strategic upgrade towards embracing artificial intelligence, which has further strengthened their long-term investment confidence [3] - China Telecom plans to continue enhancing market confidence and fulfilling its responsibilities as a state-owned enterprise by improving operational performance and business development, while maintaining compliance and transparency in information disclosure [3]

中国电信股份有限公司 2025 年第一次临时股东大会 2025 年第二次 A 股类别股东会 和 2025 年第二次 H 股类别股东会 会议资料 2025 年 12 月 16 日 中国电信股份有限公司 2025 年第一次临时股东大会 2025 年第二次 A 股类别股东会和 2025 年第二次 H 股类别股东会会议资料 目 录 | | | 会议议程............................................................................................................... 3 2025 年第一次临时股东大会会议资料： 议案一：关于修订《中国电信股份有限公司章程》及取消监事会的议案 .. 6 议案二：关于修订《中国电信股份有限公司股东大会议事规则》的议案 .. 8 议案三：关于修订《中国电信股份有限公司董事会议事规则》的议案 .... 10 议案四：关于选举李惠光先生为公司独立董事的议案................................. 11 议案五：关于公司独立董事候选人薪酬方案的议案......... ...

Core Viewpoint - China Telecom is advancing its "cloud transformation and intelligent benefits" strategy, focusing on the integration of artificial intelligence (AI) and digital technology to drive industry transformation and innovation [2][3]. Group 1: Conference Overview - The "2025 Smart Technology Ecosystem Conference" was held in Guangzhou from December 4 to 7, showcasing China Telecom's strategic upgrades in cloud and digital transformation [1]. - The conference attracted over a thousand important guests from government, enterprises, and academia, focusing on the integration of AI and digital technology [1]. Group 2: Key Presentations - Chairman Ke Ruiwen emphasized the importance of AI in driving the company's strategic upgrade and highlighted the role of China Telecom as a national leader in AI development [3]. - General Manager Liu Guiqing released the "China Telecom Cloud-Network Integration 2035 Technology White Paper," outlining the vision and development path for cloud-network integration [4]. Group 3: Strategic Goals - China Telecom aims to build a "five-in-one" intelligent cloud system, which includes computing power, platforms, data, models, and applications, to enhance AI integration across various industries [3]. - The development of a new digital information infrastructure is prioritized to support AI advancements [3]. Group 4: Industry Collaboration - The conference featured discussions on the role of central enterprises in promoting AI and shared experiences from companies like Aerospace Science and Technology, China Electronics, and China CRRC [6]. - The establishment of several alliances, including the Xirang Intelligent Cloud Ecosystem Alliance and the China Telecom Innovation Industry Alliance, was announced to foster collaboration [6]. Group 5: Exhibition Highlights - The main exhibition area showcased products and applications related to the "five-in-one" intelligent cloud system, including AI-enabled devices and internal applications across various sectors [7]. - China Telecom plans to leverage the new technological revolution to accelerate its "cloud transformation and intelligent benefits" strategy, promoting intelligent, green, and integrated upgrades across industries [7].

Core Viewpoint - The article emphasizes the importance of inclusive childcare services in promoting family happiness and population development, highlighting Jining's efforts to establish a comprehensive and innovative childcare service system supported by digital technology [1][2]. Group 1: Government and Policy Initiatives - Jining has prioritized the construction of an inclusive childcare service system as a key livelihood project, integrating it into the government's annual action plan for three consecutive years [1]. - The city has established a multi-faceted development path involving government guidance, state-owned enterprise leadership, social participation, and collaboration across city and county levels [2]. - A comprehensive policy framework has been developed, including 28 specific measures across 10 categories to support the development of childcare services [2]. Group 2: Digital Transformation in Childcare - China Telecom's Jining branch has implemented a "smart management cloud platform" that utilizes 5G, cloud computing, IoT, big data, and AI to enhance childcare management [1][3]. - The platform features a "one network and six platforms" system, which includes a childcare portal and focuses on government management, institution operation, parent services, quality assessment, child health, and staff training [3]. - The platform allows for real-time monitoring of 910 childcare institutions, integrating over 45,000 childcare spots, and achieving high registration rates and per capita childcare availability [6]. Group 3: Community and Service Accessibility - Jining promotes diverse childcare models, including public-private partnerships and community-based services, to create a "15-minute childcare service circle" for easy access [5]. - The digital platform supports standardized and regulated management across various childcare models, ensuring data interoperability and unified management [5][6]. - The implementation of a smart security monitoring system enhances safety in childcare institutions, utilizing AI to identify risks and protect sensitive information [6]. Group 4: Impact on Stakeholders - The digital transformation has significantly improved operational efficiency and parent satisfaction in childcare institutions, with parents able to access real-time updates on their children's activities [6]. - The integration of digital tools has shifted childcare management from manual processes to a more precise and efficient system, enhancing trust between parents and institutions [6]. - The article highlights the commitment of China Telecom to continue supporting local digital economic development and improving service quality in childcare [6].

中国经济导报、中国发展网记者 王晓涛 轻按玩具小手，翼趣互动智能体就能让网红"大湾鸡""故宫猫福墩"开口说话；下达调度指令，机器人智能体就能 指挥不同机器人协同作业；全球物联网智能体支持跨国网络秒级切换，赋能中国智造全球"一网智联"；感知云智 能体保障旅客托运、安检、登机等全程无感通行；工业物联网智能体打造毫秒级响应网络，确保关键装配数据实 时采集与精准控制…… 12月5日，在2025数智科技生态大会上，中国电信（601728）天翼物联发布感知云、工业物联网、绿色节能、全球 物联网、智能机器人、多网融合调度、翼趣互动、高保障等八大智能体应用最新成果，赋能超7亿用户智能化升 级。 当前，人工智能作为新一轮科技革命和产业变革的核心驱动力，正以前所未有的广度、深度和速度渗透至经济社 会各领域。国务院印发的《关于深入实施"人工智能+"行动的意见》提出，到2027年，率先实现人工智能与6大重 点领域广泛深度融合，新一代智能终端、智能体等应用普及率超70%，智能经济核心产业规模快速增长。 作为中国电信物联网领域专业公司，国务院国资委科改示范企业，天翼物联以科技创新为引擎，践行国家"智能 化、绿色化、融合化"要求，深入推进 ...

Core Viewpoint - The Central Enterprise ETF (159959) opened with a slight increase of 0.45%, priced at 1.552 yuan, indicating a stable performance in the market [1] Group 1: ETF Performance - The Central Enterprise ETF (159959) has a benchmark performance comparison with the China Securities Central Enterprise Structural Adjustment Index return rate [1] - Since its establishment on October 22, 2018, the fund has achieved a return of 54.80% [1] - The fund's return over the past month has been -2.14%, reflecting a recent decline [1] Group 2: Major Holdings - Key stocks in the Central Enterprise ETF include: - 澜起科技 (Lianqi Technology) with an opening increase of 0.65% - 中芯国际 (SMIC) with a slight increase of 0.03% - 海康威视 (Hikvision) with an increase of 0.27% - 国电南瑞 (Guodian NARI) with an increase of 0.22% - 招商银行 (China Merchants Bank) with a decrease of 0.02% - 宝钢股份 (Baosteel) with a decrease of 0.14% - 中国神华 (China Shenhua) with a decrease of 0.10% - 长安汽车 (Changan Automobile) with an increase of 0.08% - 中国电信 (China Telecom) unchanged - 中国建筑 (China State Construction) unchanged [1]

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (00728) at 72.81%, Green Power Environmental (01330) at 69.15%, and Da Zhong Gong Yong (01635) at 68.32% [1] - Alibaba-W (09988), Meituan-W (03690), and Xiaomi Group-W (01810) saw the largest increases in holding amounts over the last five trading days, with increases of +2.089 billion, +1.511 billion, and +1.431 billion respectively [1] - Tencent Holdings (00700), SMIC (00981), and Zijin Mining (02899) experienced the largest decreases in holding amounts, with reductions of -1.018 billion, -0.818 billion, and -0.593 billion respectively [2] Group 1: Hong Kong Stock Connect Holding Ratios - China Telecom (00728) has a holding of 10.106 billion shares, representing 72.81% [1] - Green Power Environmental (01330) has a holding of 0.280 billion shares, representing 69.15% [1] - Da Zhong Gong Yong (01635) has a holding of 0.365 billion shares, representing 68.32% [1] - Other notable companies include Kaisa New Energy (01108) at 67.82% and China Shenhua (01088) at 67.14% [1] Group 2: Recent Increases in Holdings - Alibaba-W (09988) increased by +2.089 billion, with a change of +13.4744 million shares [1] - Meituan-W (03690) increased by +1.511 billion, with a change of +15.2534 million shares [1] - Xiaomi Group-W (01810) increased by +1.431 billion, with a change of +33.4423 million shares [1] - Other companies with notable increases include ZTE Corporation (00763) at +0.600 billion and Pop Mart (09992) at +0.552 billion [1] Group 3: Recent Decreases in Holdings - Tencent Holdings (00700) decreased by -1.018 billion, with a change of -1.6692 million shares [2] - SMIC (00981) decreased by -0.818 billion, with a change of -11.7275 million shares [2] - Zijin Mining (02899) decreased by -0.593 billion, with a change of -17.2486 million shares [2] - Other companies with significant decreases include WuXi AppTec (02359) at -0.319 billion and Great Wall Motors (02333) at -0.255 billion [2]