Core Viewpoint - The event "AI Empowerment, Great Collection" organized by Guangzhou Unicom showcased the latest applications of artificial intelligence technology, attracting over 30,000 participants on its first day [1]. Group 1: Event Overview - The event utilized a "1+1+N" model, taking place simultaneously at multiple venues including the main site in Zhujiang New Town, Guangzhou University Town, and various community locations [1]. - Activities included low-altitude football, AI pulse diagnosis in traditional Chinese medicine, and interactive digital human experiences, demonstrating over ten interactive AI application scenarios [1]. Group 2: Highlights of Activities - A drone football competition featuring AI technology was a major highlight, showcasing drones performing high-difficulty maneuvers such as high-speed passes and precise shots [3]. - The AI smart education innovation at the Guangzhou University Town attracted many students, allowing them to connect to the campus network without a VPN [3]. - AI markets were held in large communities, Unicom service halls, and creative parks, enabling citizens to experience AI cloud gaming, home monitoring, and smart robots [3]. Group 3: Future Implications - The event aimed to promote the widespread application of AI technology through roadshows, community science popularization, and esports integration [5]. - A representative from Guangzhou Unicom stated that the company will continue to leverage digital technology for innovation, promoting deep integration of AI across various industries to enhance smart living [5].

2024中期业绩 中国联合网络通信（香港）股份有限公司 762.HK 预测性陈述 本推介材料中所包含的某些陈述可能被视为"预测性陈述" 。这些预测性 陈述涉及已知和未知的风险、不确定性及其他因素，可能导致本公司的实 际表现、财务状况和经营业绩与预测性陈述中所暗示的将来表现、财务状 况和经营业绩有重大出入。此外，我们将不会更新这些预测性陈述。本公 司及其董事、雇员和代理均不会承担倘因任何预测性陈述不能实现或变得 不正确而引致的任何责任。 2 2023 年 度 业 绩 总体业绩 经营发展稳中有进 收入规模稳健增长 1H 2023 1H 2024 营业收入 （亿元人民币） 1,918 1,973 +2.9% 盈利能力持续提升 1H 2023 1H 2024 153 169 +10.4% 1,710 1,757 1H2023 1H2024 服务收入 （亿元人民币） +2.7% 税前利润 （亿元人民币） 4 2023 年 度 业 绩 推进"三个向新" 网络向新 技术向新 服务向新 5 6 网络向新CAPEX（亿元人民币） 技术向新 服务向新 CAPEX（亿元人民币） 739 650 276 239 2023 2024E ...

China Unicom (Hong Kong) Limited 762.HK Forward-Looking Statements 2024 Annual Results 18 March 2025 3 2023 年 度 业 绩 Overall Results Results Summary—New Breakthroughs in High-quality Development Certain statements contained in this presentation may be viewed as "forward-looking statements". Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially ...

Financial Performance - Operating revenue accelerated, reaching RMB 191833 million, an increase of 8.8% year-on-year[6,11] - Net profit increased by 13.1% year-on-year to RMB 12391 million, marking the 7th consecutive year of double-digit growth[6,11] - Industry Internet revenue grew by 16.3% year-on-year to RMB 42977 million, contributing over 25% of revenue[7,11] - Interim dividend per share (DPS) increased by 23% year-on-year to RMB 0.203[11,46] Network and Infrastructure - The company has deployed over 1.15 million 5G mid-band base transceiver stations (BTS)[13] - Capital expenditure (CAPEX) allocation includes 33% for mobile network, 23% for government and enterprise & innovative business, 16% for home Internet & fixed-line, and 28% for carrier network, infrastructure, and others[13] - Net addition of 5G co-build co-share BTS reached 150,000[15] Business Growth - "Big Connectivity" subscribers reached 928 million, with a net increase of 66.18 million in 1H2023[17] - Mobile basic business subscribers reached 328 million, with 5G package subscribers penetration at 71%, a 13 percentage point year-on-year increase[17] - IoT business connections reached 443 million, with over 90% being high-value 5G & 4G connections[17] - Unicom Cloud revenue increased by 36%[23] - Big Data revenue increased by 54%[26] - International business revenue increased by 21% to RMB 5500 million[35]

China Unicom (Hong Kong) Limited Stock code: 762.HK www.chinaunicom.com.hk Revenue growth at a 9-year high A Good Start of the New Strategy Forward-looking Statements Certain statements contained in this presentation may be viewed as "forward-looking statements". Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future ...

Financial Performance - Operating revenue increased by 50% to RMB 372.6 billion[4] - Net profit increased by 11.8% to RMB 18.7 billion[4] - ROE reached a record high in recent years at 5.4%[4] Subscriber Growth - Mobile subscribers increased by 10.60 million[11] - 5G subscriber penetration rate reached 78%[11] - Fixed-line broadband subscribers increased by 9.79 million[13] - Broadband-mobile integration penetration rate reached 76%[13] Information Services - Information services revenue increased by 16.2% to RMB 10.7 billion[16] Computing and Digital Smart Applications (CDSA) - Unicom Cloud revenue increased by 41.6%[22] - Digital Smart Applications revenue increased by 17.5% to RMB 5.6 billion[26] - Cybersecurity revenue increased by 120% to RMB 0.8 billion[30] International Business - International business revenue increased by 15% to RMB 10.8 billion[32] CAPEX and Savings - Accumulated CAPEX savings reached RMB 340 billion[34] - Annual OPEX savings reached RMB 39 billion[34] Dividend - Dividend per share increased to RMB 0.3366[42] 2024 Outlook - The company expects steady revenue growth and double-digit profit growth[47] - CAPEX is projected to be RMB 65.0 billion[47] Cost Analysis - Employee benefit expenses increased by 4.4%[50]

2025年4月30日第八届数字中国建设峰会"数字上海"主题展区，由上海市数据局指导，上海电信、上海 联通、上海移动、优咔科技、中企通信、浦江数链等首批建设单位共同发起的" 智能终端 出海服务创新 联合体"正式发布。上海市数据局副局长钱晓表示，希望联合体作为产业协作加速器，搭建"技术+服务 +规则"平台，为智能终端企业出海保驾护航。构建全链条服务体系，努力打造有韧性、能闭环的"出海 生态圈"。（记者 黄心怡） ...

Group 1 - The core viewpoint emphasizes that artificial intelligence applications are becoming a crucial engine for accelerating the construction of a digital China, with this year being marked as the year of large-scale AI application [1][2] - Over a hundred AI intelligent robots showcased at the Digital China Construction Summit, covering various scenarios from home services to industrial manufacturing and urban management [1] - The chairman of China Telecom highlighted the significant reduction in computational and algorithmic barriers due to new open-source AI technologies, which promotes the accelerated popularization of large model applications [1] Group 2 - China Unicom's chairman stated the importance of strengthening AI foundational innovation, having developed over 40 industry-specific large models that significantly empower economic operations and urban governance [2] - The need for an open and win-win cooperation framework is essential for promoting the construction of a digital China, with key drivers including accessible computing power, open-source models, and data flow [2] - The chairman of China Telecom called for greater collaboration across industries to foster deeper and broader levels of open cooperation in AI innovation and development [2]

Group 1 - The year 2024 marks the formal inclusion of data assets in accounting practices, with 92 listed companies reporting a total of 2.495 billion yuan in data assets by the end of the year [1][2] - The number of companies reporting data assets has increased from 17 in the first quarter to 92 by the annual report, with the total value rising from 79 million yuan to 2.495 billion yuan [2] - Major contributors to data asset reporting include China Mobile, Cloud Horse, China Unicom, and China Telecom, each reporting over 100 million yuan in data assets [2][5] Group 2 - Data assets are primarily classified as intangible assets, with over 60 companies accounting for more than 1.3 billion yuan in this category, representing approximately 60% of the total [3] - The inclusion of data assets in financial statements helps companies optimize their financial reports, impacting asset scale and net profit [3] - Data asset reporting is seen as a foundation for digital transformation and exploring data trading and value-added services [3] Group 3 - The standardization and normalization of data asset reporting is a growing concern, as not all data resources qualify as assets [4] - Companies face challenges in distinguishing between data resources, products, and assets, necessitating a comprehensive approach to compliance and management [4] - Some companies have been cautious in reporting data assets, with instances of previously reported data being corrected or omitted in annual reports [5]

Core Insights - The Chinese computing power market is experiencing a structural imbalance characterized by both surplus and shortage, with general computing power being relatively overabundant while intelligent computing power is in short supply [3][4][6]. Group 1: Market Dynamics - Several listed companies have announced winning bids for data center projects or signed computing power service contracts, indicating ongoing demand in the market [2][4]. - Major state-owned enterprises like China Mobile and China Telecom are significantly increasing their investments in computing power, with China Mobile planning a budget of 37.3 billion yuan for 2025, accounting for 25% of its total capital expenditure [5][4]. - The International Data Corporation (IDC) predicts that China's intelligent computing power will reach 1,037.3 EFLOPS by 2025 and 2,781.9 EFLOPS by 2028, reflecting a growing market scale [5][4]. Group 2: Structural Issues - The average rack utilization rate in China's IDC market is around 58%, indicating a significant amount of idle computing power [6]. - There is a notable disparity in computing power quality and regional distribution, with general computing power being overabundant in some areas while intelligent computing power is scarce, particularly in eastern regions where demand is high [6][7]. Group 3: Causes of Imbalance - The rapid growth and iteration of computing power demand, coupled with the transition from older to newer hardware, have led to mismatches in supply and demand [8]. - A lack of understanding among both buyers and sellers regarding the requirements and capabilities of intelligent computing centers has contributed to the imbalance [9][10]. - Some companies prioritize low costs in western regions for building computing centers, neglecting the necessary conditions for effective operation, which leads to mismatched resources [10]. Group 4: Future Outlook - The industry is expected to optimize and iterate on computing power scheduling, hardware, and supporting software to address the current challenges [11][14]. - The trend of "East Data West Computing" is emerging, where eastern data centers handle frequently accessed data while western centers manage less time-sensitive tasks [12]. - Domestic high-end computing hardware is accelerating in development, with companies like Huawei introducing competitive chips to fill the supply gap [13].