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].

Core Viewpoint - The article highlights concerns regarding telecom operators targeting elderly consumers with confusing mobile plans, leading to unintended subscriptions and difficulties in cancellation [1] Group 1: Consumer Behavior - Elderly individuals are reportedly subscribing to mobile plans they do not understand, often without their consent or knowledge [1] - Family members express frustration as they confirm with the elderly that no such subscriptions were made, yet telecom customer service insists that the subscriptions were authorized by the account holder [1] Group 2: Telecom Operators - The article mentions major telecom operators such as China Unicom, China Mobile, and China Telecom in the context of these practices [1] - There is an implication that these operators may be exploiting the lack of digital literacy among older consumers to increase their subscription numbers [1]

Group 1 - The China Central Enterprises Innovation-Driven Index has risen by 1.50%, with significant increases in constituent stocks such as PetroChina Oilfield Services up by 10.05% and China Railway Construction Heavy Industry up by 7.14% [3] - The Central Enterprises Innovation-Driven ETF (515900) has increased by 1.53%, with a latest price of 1.59 yuan, and has shown a cumulative increase of 1.23% over the past month, ranking 1/4 among comparable funds [3] - The trading volume of the Central Enterprises Innovation-Driven ETF was 587.53 million yuan, with a turnover rate of 0.17% [3] Group 2 - China Shipbuilding Industry Corporation expects a net profit attributable to shareholders of 5.55 billion to 6.15 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 104.30% to 126.39% [4] - China CNR Corporation plans to hold a board meeting on October 30 to consider and approve its performance for the first three quarters, having signed significant contracts totaling approximately 54.34 billion yuan, which is about 22% of its expected revenue for 2024 [4] - The average daily trading volume of the Central Enterprises Innovation-Driven ETF over the past year was 20.23 million yuan, ranking first among comparable funds [4] Group 3 - The Central Enterprises Innovation-Driven Index evaluates the innovation and profitability quality of listed central enterprises, selecting 100 representative companies to reflect the overall performance of innovative central enterprises [5] - As of September 30, 2025, the top ten weighted stocks in the index include China Shipbuilding, Hikvision, and China Southern Power Grid, accounting for 36.04% of the total index weight [5] - The Central Enterprises Innovation-Driven ETF has seen a significant increase in scale, growing by 13.42 million yuan over the past three months, ranking 1/4 among comparable funds [4][5]

Core Insights - The "2025 Fourth Mobile Network High-Quality Development Forum" was recently held in Beijing, where the Ministry of Industry and Information Technology commissioned the China Academy of Information and Communications Technology to release the 2024 "National Key Area Mobile Network Quality Special Evaluation Results" [1] - Linyi Unicom won the comprehensive award for mobile network quality in the second group (large cities with GDP in the top 50 nationwide), ranking seventh among large cities, highlighting its strong capabilities in new infrastructure and network service construction [1][2] - The evaluation covered 100 cities across 31 provinces, utilizing a scientific and rigorous assessment method combining big data monitoring and on-site testing, with a total data scale exceeding 10 billion, recognized for its authority and comprehensiveness in the industry [1] Company Strategy and Network Development - Linyi Unicom prioritizes network construction as a core strategic focus, employing a "four-dimensional linkage" approach of planning, construction, maintenance, and optimization, with innovative network models using "800MHz + 2.1GHz + 3.5GHz three-frequency coordinated networking" [2] - The company has established a multi-layered network coverage system, achieving a 99.7% 5G coverage rate in urban areas and a 98% accessibility rate in administrative villages, leading the industry in both coverage breadth and depth [2] Service Optimization and User Experience - Linyi Unicom addresses diverse user needs by optimizing service quality and enhancing user experience, deploying 3.5GHz high-frequency base stations in high-demand areas, achieving peak rates exceeding 2Gbps for applications like smart logistics and e-commerce [4] - The company has launched initiatives to enhance signal quality in challenging environments, such as high-speed rail lines and underground facilities, ensuring 5G signals are stable and reliable, covering nearly 1,600 locations and over 1,500 elevators [4] - An intelligent monitoring system utilizing big data and AI algorithms enables 24-hour real-time tracking of the network, effectively reducing failure rates and improving service quality [4] Future Development and Commitment - The recent award is a recognition of Linyi Unicom's achievements in network construction and service capabilities, serving as motivation for future development [5] - Moving forward, Linyi Unicom aims to enhance its technological innovation investments, improve network capabilities and service levels, and support the extensive application of digital intelligence in public services and local economic development [5] - The company is committed to transitioning network capabilities from "basic connectivity" to "value empowerment," contributing to the high-quality development of the city [5]

Core Insights - Apple CEO Tim Cook announced the launch of the iPhone Air in China on October 22, which is the first smartphone in the country to use eSIM technology, eliminating the physical SIM card slot [1] - The launch follows the approval of eSIM services by major Chinese telecom operators, marking the official entry of eSIM technology into the mobile phone market in China [1][2] - The global eSIM market is projected to grow significantly, with an estimated 1 billion eSIM smartphone connections by the end of 2025 and 6.9 billion by 2030, representing 76% of total smartphone connections [2] Industry Developments - The eSIM ecosystem involves a complex supply chain including chip design, platform management, operator services, device integration, and end-user applications, with expectations for collaborative development and maturation of the industry [3] - Several companies in the A-share market have been actively developing eSIM capabilities, including Unisoc, which has launched multiple eSIM products compliant with GSMA standards [4] - Eastcompeace has successfully developed an embedded operating system and eSIM IoT management platform that received GSMA security certification [5] - Megmeet has established mature eSIM solutions with large-scale production on 4G/5G chip platforms [6] - Chutianlong's eSIM products have been approved by China Unicom, and Wanma Technology has been a long-term provider of eSIM solutions across various standards [7] Market Performance - eSIM concept stocks have seen an average increase of 42.42% year-to-date, significantly outperforming the Shanghai Composite Index, with six stocks rising over 50% [8] - Some eSIM concept stocks have experienced significant pullbacks from their year-to-date highs, with declines exceeding 30% for several companies [9] - A total of 14 eSIM concept stocks have received "positive" ratings from brokerage firms, with eight stocks rated by more than ten institutions, including ZTE, Guanghetong, China Telecom, China Mobile, and Megmeet [9]