Core Viewpoint - China Unicom plans to spin off Zhiwang Technology for listing on the Shenzhen Stock Exchange's ChiNext board, aiming to enhance its operational quality and competitiveness in the market [1][2] Group 1: Spin-off Details - The spin-off will be conducted in accordance with the Hong Kong Stock Exchange's listing rules and requires approval from China Unicom's controlling shareholder [1] - The company intends to submit an updated application to the Hong Kong Stock Exchange regarding the spin-off [1] Group 2: Strategic Objectives - The spin-off is seen as a strategic move to optimize the industrial layout and enhance core competitiveness, focusing on strategic emerging industries [2] - Zhiwang Technology aims to leverage capital market opportunities to boost innovation, increase R&D investment in key technologies, and develop specialized capabilities [2] Group 3: Long-term Development - The independent listing will enrich Zhiwang Technology's equity operation methods and financing channels, supporting both current and long-term high-quality development [2] - The spin-off is expected to consolidate Zhiwang Technology's competitive advantage in the vehicle networking business and promote enterprise scale development [2]

Core Viewpoint - China Unicom (00762) announced that by September 2025, the total number of ubiquitous intelligent connection users is expected to reach approximately 1.234 billion, with 5G network users reaching about 225 million and IoT terminal connections reaching around 703 million [1] Group 1 - The number of 5G industry virtual private network service customers is reported to be 21,688 [1] - By September 2025, the problem resolution rate for smart customer service is expected to reach 98.9% [1]

Core Viewpoint - China Unicom reported a steady growth in its financial performance for the first three quarters of 2025, with notable increases in revenue and user base, indicating a positive trend in the telecommunications sector [1][2]. Financial Performance - Operating revenue reached RMB 293 billion, a year-on-year increase of 1.0% [1] - Service revenue amounted to RMB 261.6 billion, reflecting a 1.1% year-on-year growth [1] - Profit attributable to equity holders was RMB 20 billion, up by 5.1% year-on-year [1] User Growth - Mobile users increased to 356 million, with a net addition of 12.48 million users [1] - Fixed broadband users reached 129 million, adding 6.79 million users [1] - The number of IoT connections surpassed 700 million, showcasing significant growth in connected devices [1] Business Development - The company is focusing on integrating new business elements and expanding user value, with ARPU for bundled packages maintaining above RMB 100 [1] - Cloud revenue reached RMB 52.9 billion, indicating a breakthrough in computing power business [1] - Data center revenue was RMB 21.4 billion, showing an 8.9% year-on-year increase [1] Network Investment and Innovation - The company is enhancing network quality and efficiency through high-standard construction and operation [2] - Mobile network upgrades from 5G to 5G-A and broadband from gigabit to 10-gigabit have significantly improved user experience [2] - The total scale of intelligent computing has exceeded 35 EFLOPS, reflecting innovation in computing network supply [2]

Core Insights - China Unicom reported a revenue of RMB 292.985 billion for the first three quarters of 2025, reflecting a year-on-year increase of 1% [1] - The service revenue reached RMB 261.6 billion, up 1.1% year-on-year, while the profit attributable to equity holders was RMB 20 billion, marking a 5.1% increase [1] Group 1: Financial Performance - The total revenue for the first three quarters of 2025 was RMB 293 billion, with a year-on-year growth of 1.0% [1] - The pre-tax profit stood at RMB 24.7 billion, and the profit attributable to equity holders was RMB 20 billion, showing a year-on-year increase of 5.1% [1] Group 2: User Growth and Connectivity - Mobile users reached 356 million, with a net increase of 12.48 million, while fixed broadband users totaled 129 million, with a net increase of 6.79 million [1] - The number of IoT connections surpassed 700 million, indicating a strong growth in connectivity [1] Group 3: Digital Transformation and Cloud Services - The cloud revenue amounted to RMB 52.9 billion, and the revenue from data centers was RMB 21.4 billion, reflecting an 8.9% year-on-year increase [2] - The company is focusing on deepening the integration of 5G, AI, and industrial internet to enhance service offerings across various industries [2] Group 4: Network Investment and Upgrades - The company is committed to high-standard construction and efficient operations, leading to significant improvements in network capabilities [2] - The transition from 5G to 5G-A and from gigabit to ten-gigabit broadband networks has notably enhanced user experience [2] Group 5: Research and Development - Investment in R&D increased by 5.9% year-on-year, focusing on next-generation internet, big data, AI, and cybersecurity [2] - The company has received a license for satellite mobile communication services, indicating a strategic move into advanced technologies [2]

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分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 UNICOM (HONG KONG) LIMITED 中國聯合網絡通信(香港)股份有限公司 本公司將以分拆智網科技至深交所創業板上市為契機，持續完善中國特色現代企業制度，推進 創新要素佈局優化和結構調整，健全市場化經營機制。同時，公司將聚焦戰略性新興產業，持 續提升產業鏈供應鏈現代化水平，著力推進質量變革、效率變革、動力變革，致力於將智網科 技打造成為具有核心競爭力的市場主體。 本次分拆上市有利於推動智網科技創新業務發展、經營質量提升和競爭力打造。通過本次分 拆上市，智網科技能夠借力資本市場，精準把握車聯網行業戰略機遇，加大關鍵技術研發投入， 打造專精特新能力，培育新的增長引擎，不斷提升市場地位和品牌價值，進一步夯實高質量發 展基礎，實現做優做強。 本次分拆上市是深入實施中國聯通融合創新戰略的具體舉措，將有利於優化產業佈局，打造核 1 ( 在香港註冊成立之有限公司 ) (股份代碼: 762) ...

Financial Performance - For the first three quarters of 2025, the company reported total operating revenue of RMB 293 billion, an increase of 1.0% year-on-year[5] - Service revenue reached RMB 261.6 billion, reflecting a year-on-year growth of 1.1%[5] - Profit attributable to equity holders was RMB 20 billion, up 5.1% compared to the previous year[5] - The company achieved a pre-tax profit of RMB 24.73 billion for the period[7] User Growth - The mobile user base expanded to 356 million, with a net increase of 12.48 million users[7] - The number of fixed broadband users reached 129 million, with a net increase of 6.79 million users, marking a record high for the same period in recent years[7] Cloud Services - Revenue from cloud services amounted to RMB 52.9 billion, contributing to the overall growth in digital services[7] Assets and Liabilities - Total assets as of September 30, 2025, were RMB 669.9 billion, while total liabilities stood at RMB 299.4 billion[6] Research and Development - Research and development expenses increased by 5.9% year-on-year, enhancing the company's innovation capabilities[8] Strategic Plans - The company plans to deepen its integration strategy and continue advancing its network, technology, and service innovations throughout the year[8]

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 UNICOM (HONG KONG) LIMITED （在香港註冊成立之有限公司） （股份代號：762） 2025年第三季度運營數據 中國聯合網絡通信（香港）股份有限公司（「本公司」）全面實施融合創新戰略，聚焦 網絡強國、數字中國主責，拓展聯網通信、算網數智主業，推進網絡向新、技術向新、 服務向新，努力在企業高質量發展上邁出更大步伐。 中國聯合網絡通信(香港)股份有限公司 謹慎性陳述 董事會謹此提醒投資者，上述運營數據乃基於本集團內部資料，與本集團的合併財務報 表所呈現的數字可能存在差異。投資者應小心以免不恰當地依賴該等數據。本公司同時 籲請投資者在買賣本公司證券時務須小心謹慎。 承董事會命 中國聯合網絡通信(香港)股份有限公司 陳忠岳 董事長兼首席執行官 香港，2025年10月22日 本公司董事會（「董事會」）宣佈2025年第三季度本公司及其附屬公司（統稱「本集團」） 的運營數據。 2025年 ...

Core Points - The 2025 Jinan Marathon successfully took place with 30,000 runners, showcasing the city's unique landscape and modern vitality [1] - Jinan Unicom provided robust communication support for the event, addressing significant challenges due to high demand for network services along the racecourse [1][2] Group 1: Event Preparation - Jinan Unicom initiated a special communication support plan two weeks prior to the marathon, aiming for zero interruptions and high user satisfaction [1] - Wireless network optimization teams conducted multiple inspections along the 42.195 km racecourse, focusing on areas with high foot traffic to ensure signal coverage [2] - Emergency communication vehicles were deployed at key locations to maintain stable signals for media broadcasts and event coordination [2][3] Group 2: Communication Infrastructure - A combination of bare fiber and IP dedicated lines was established to meet the high transmission standards required for media coverage [2] - The construction and testing of five bare fiber lines and three IP dedicated lines were completed to create a high-speed information channel for live broadcasts [2] Group 3: Event Execution - During the marathon, communication support was dynamically adjusted to handle surges in user demand, particularly at high-traffic areas like the Black Tiger Spring section [7] - The 5G network enabled real-time sharing of race moments on social media, enhancing the event's visibility [7] - The communication infrastructure successfully managed the high volume of data transmission, ensuring uninterrupted live coverage throughout the event [7][9] Group 4: Overall Impact - The communication support not only demonstrated the reliability of Jinan Unicom's network but also showcased the city's charm and vitality through technology [9] - Participants expressed satisfaction with the seamless connectivity during the race, highlighting the importance of reliable communication in enhancing the overall experience [9]

Group 1 - The National AI Application Pilot Base for Consumer AI Terminals has organized a series of enterprise symposiums to foster industry consensus and collaboration for building a global highland in the mobile terminal industry [1][2] - The first symposium focused on the implementation of leading scenarios, with representatives from major companies like Huawei, OPPO, and vivo participating to discuss ecological development [2][4] - The East Guangdong government emphasized the importance of leveraging AI technology for large-scale application and industrialization, encouraging companies to actively participate in the base's construction [4][11] Group 2 - The second symposium aimed to clarify construction paths and cooperation models, with discussions on the core themes of "AI + terminal products" and "AI + production processes" [5][7] - Key industry players shared insights on challenges such as OS adaptation, data labeling, and quality inspection, indicating a strong willingness to contribute to the base's ecosystem [4][7] - The base's operational unit, China Unicom (Guangdong), highlighted its commitment to building an innovative ecosystem by leveraging its 5G networks and data resources [7][10] Group 3 - The third symposium focused on empowering enterprises through AI capabilities, with a detailed analysis of current AI technology characteristics in the industrial sector [8][10] - The East Guangdong AI Research Institute provided insights into practical applications of AI in smart manufacturing, addressing industry pain points [10] - The collaborative efforts have resulted in a preliminary list of scenarios for implementation, marking significant progress in the local application of the national "AI +" initiative [11]

Core Viewpoint - The communication industry in China has achieved a historic breakthrough with the successful launch of the first cross-operator traceable VoWiFi call between China Telecom and China Unicom in Shandong, addressing issues related to weak cellular network coverage indoors [1][18]. Summary by Sections VoWiFi Technology - VoWiFi (Voice over WiFi) allows users to make voice calls over WiFi networks, solving issues in areas with poor cellular coverage [8][9]. - Unlike VoLTE (Voice over LTE) and VoNR (Voice over New Radio), which rely on 4G and 5G networks respectively, VoWiFi operates independently of cellular signals, requiring only a WiFi connection [8][9]. Historical Context - The first end-to-end traceable VoWiFi call was successfully made by Shanghai Telecom on May 20, 2022 [4]. - VoWiFi services had not been officially launched in China due to regulatory challenges regarding traceability [9]. Technical Innovations - A dual-factor authentication system was developed to ensure reliable traceability and security for VoWiFi calls, achieving higher precision than VoLTE [10]. - The cross-operator traceable VoWiFi solution has been recognized by experts from the Ministry of Industry and Information Technology and the China Academy of Information and Communications Technology [10]. Market Implementation - Following the announcement of VoWiFi by China Telecom in 2022, pilot programs were initiated in five provinces in 2023 [11]. - Users in cities like Guangzhou and Shenzhen can now experience this service, provided their devices support it [14]. User Experience and Benefits - VoWiFi can enhance call quality in areas with weak cellular signals, providing clearer and more stable communication compared to traditional voice calls [17]. - The service is automatically activated when mobile signals are poor, ensuring seamless connectivity [18]. Industry Impact - The technology has been adopted by both major operators and is set to become an industry standard under the China Communications Standards Association (CCSA), promoting collaborative development across the sector [19]. - The implementation of this technology not only expands the user base for VoWiFi but also opens new communication pathways in remote areas and special scenarios [19][20].