股票代码：600941 股票简称：中国移动 公告编号：2026-001 中国移动有限公司 关于日常关联交易的进展公告 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。 一、日常关联交易的基本情况 2025 年 11 月 20 日，中国移动有限公司（以下简称"公司"）董事会审议通 过了《中国移动有限公司关于 2026 年关连（联）交易的议案》，批准公司与中国 移动通信集团有限公司（以下简称"中国移动通信集团"）、中国铁塔股份有限公 司（以下简称"中国铁塔"）2026 年度日常关联交易预计金额上限。具体内容详 见公司 2025 年 11 月 20 日刊登于上海证券交易所网站（www.sse.com.cn）的《中 国移动有限公司关于日常关联交易的公告》。 二、关联交易进展情况 2026 年 1 月 1 日，公司与中国移动通信集团分别签订了《2026 年度通信设 施建设服务协议》《2026 年度动力配套等网络资产资源租赁协议》《2026 年度电 信业务和信息服务协议》，相关内容如下： （一）《2026 年度通信设施建设服务协议》 1.协议 ...

Core Insights - The article highlights the successful communication network support provided by Zibo Mobile during New Year's Eve celebrations, ensuring smooth connectivity for citizens [1][2] Group 1: Network Support and Performance - Zibo Mobile deployed a special support team to ensure communication stability during high traffic events, with real-time monitoring and dynamic optimization of network status [1] - Key areas such as Wanxianghui Plaza saw significant network enhancements, including base station expansion and parameter optimization, leading to improved network capacity [1] - Approximately 70,000 users were served in key areas, with a 5G traffic diversion rate of 89.26%, indicating both enhanced network capacity and user experience [1] Group 2: Emergency Response and Future Plans - The support operation covered 20 key event locations, deploying 3 emergency communication vehicles, adding 39 new community networks, and optimizing 329 existing ones [2] - A total of 60 personnel were involved in the support efforts, ensuring smooth coordination throughout the event [2] - Zibo Mobile plans to continue enhancing network quality and service experience, adhering to a customer-centric approach [2]

Core Viewpoint - The successful completion of the Tianshan Victory Tunnel, which is the longest highway tunnel in the world at 22.13 kilometers, has enabled full 5G network coverage, significantly improving communication and travel efficiency in Xinjiang [1][3]. Group 1: Project Overview - The Tianshan Victory Tunnel is a key project on the Urumqi to Yili Highway, reducing travel time from 7 hours to 3.5 hours [3]. - The tunnel's construction faced significant challenges, including frequent landslides and extreme cold, which tested the resilience and dedication of the construction team [3][4]. Group 2: Communication Achievements - The successful implementation of 5G coverage within the tunnel represents a significant technological achievement, allowing uninterrupted communication for vehicles traveling through [4]. - The construction team celebrated the successful signal penetration test, marking a pivotal moment in the project [4]. Group 3: Commitment and Dedication - Despite the New Year holiday, the construction team remained on-site, demonstrating their commitment to ensuring reliable communication for travelers [6]. - The team members view their work as essential to connecting people and facilitating communication, embodying the promise of responsiveness to public needs [6].

Core Insights - The Tianshan Victory Tunnel, the longest highway tunnel in the world, has officially opened, achieving full 5G network coverage by China Mobile Xinjiang, enhancing communication along this 22.13-kilometer route [1][5]. Group 1: Project Overview - The Tianshan Victory Tunnel is a critical project for the Urumqi to Yili Expressway, reducing travel time between northern and southern Xinjiang from 7 hours to 3.5 hours [3]. - The successful implementation of 5G coverage within the tunnel represents a significant technological achievement, allowing for uninterrupted communication for vehicles traveling through [5][8]. Group 2: Challenges and Achievements - The construction faced severe challenges, including frequent landslides and extreme cold, which tested the resilience and dedication of the construction team [3][5]. - The moment when the first successful signal test was completed inside the tunnel was a significant morale booster for the team, symbolizing the culmination of their hard work and commitment [5][8]. Group 3: Commitment and Responsibility - Despite the New Year celebrations, the construction team chose to remain on-site, emphasizing their commitment to ensuring reliable communication for travelers during the holiday season [8]. - The team members view their role as not just builders of the communication network but as guardians of connectivity for families reuniting during the festive period [8][9].

Core Insights - The article highlights that 37 listed companies have distributed dividends exceeding 10 billion yuan, with 5 companies surpassing 100 billion yuan in dividends, marking a historical high for the A-share market [1] - Notably, the "Big Four State-owned Banks" and China Mobile are among the companies that achieved this milestone, with Agricultural Bank of China, Bank of China, and China Mobile each breaking the 100 billion yuan barrier for the first time [1] - The total mid-year dividend distribution for 2025, including Q1, semi-annual, and Q3 reports, has significantly increased, with 1,113 companies participating and a total amount reaching 8,148.82 billion yuan, surpassing approximately 6,700 billion yuan in 2024 [1] - China Mobile, Industrial and Commercial Bank of China, and China Construction Bank lead in mid-year dividend amounts, distributing 540.87 billion yuan, 503.96 billion yuan, and 486.05 billion yuan respectively [1]

Core Insights - The personal credit market in China is experiencing significant changes with the strategic investment of China Mobile's investment arm in Puda Credit [1] - The competition in the personal credit industry is shifting from merely obtaining licenses to a comprehensive competition based on data resource organization, technological capabilities, and real business application [1] Group 1: Industry Dynamics - Puda Credit currently serves over 1,000 financial clients, positioning itself as a leader in the industry [2] - The integration of telecom data with traditional credit systems is expected to address three critical blind spots in personal credit assessments, enhancing the overall credit evaluation process [2][3] - The first blind spot involves the assessability of credit for young individuals and gig workers, where telecom data can provide high-frequency signals reflecting individual stability and activity [2] Group 2: Risk Identification and Fraud Prevention - The second blind spot pertains to the real-time identification of risks and fraudulent activities, where telecom data can significantly improve pre-loan fraud detection and risk warning capabilities [3] - The third blind spot relates to the identification of multi-platform borrowing and illicit activities, where telecom data can enhance the efficiency of recognizing such behaviors [3] Group 3: Future Development and Technological Integration - Puda Credit aims to deepen its "credit + technology" capabilities by increasing R&D investments and exploring advanced technologies like large models in the credit field [4] - The application of large models in credit assessment is expected to start in non-core decision-making areas, gradually integrating into core risk control processes [4] Group 4: Market Outlook and Competitive Landscape - The necessity of personal credit licenses as an entry barrier remains, but possessing a license does not guarantee success in the industry [5] - The future of the personal credit industry will emphasize the ability to provide valuable credit services consistently and compliantly, moving from a focus on qualifications to capabilities [5] - The strategic investment by China Mobile is expected to enhance foundational capabilities in the credit system, promoting market vitality and shifting the competitive landscape [5]

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之內容概不 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 就 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之任何損失承擔任何責任。 CHINA MOBILE LIMITED 中國移動有限公司 （根據公司條例在香港註冊成立之有限公司） 股份代號：941（港幣櫃台）及 80941（人民幣櫃台） 持續關連交易 持續關連交易 董事會宣佈於2026年1月1日，本 公 司 與 中 國 移 動 通 信 集 團 簽 訂 了 以 下 函 件 及 協 議： 香港上市規則之含義 中 國 移 動 通 信 集 團 為 本 公 司 的 最 終 控 股 股 東，所 以 是 本 公 司 的 關 連 人 士。 因 此，根 據 香 港 上 市 規 則 第14A.25條，2026年 度 通 信 設 施 建 設 服 務 協 議、2026 年度動力配套等網絡資產資源租賃協議及2026年度電信業務和信息服務協 議 項 下 之 各 項 交 易 構 成 本 公 司 的 持 續 關 連 交 易。 – 1 – (i) 2026年 ...

Core Insights - The top three companies by stockholding ratio in the Hong Kong Stock Connect are China Telecom (71.90%), GCL-Poly Energy (69.96%), and Da Zhong Public Utilities (68.75%) [1][2] - The companies with the largest increase in stockholding over the last five trading days include SMIC (+1.092 billion), China Merchants Bank (+1.052 billion), and Hong Kong Exchanges and Clearing (+790 million) [1][2] - The companies with the largest decrease in stockholding over the last five trading days include China Mobile (-3.216 billion), Tencent Holdings (-1.107 billion), and the Tracker Fund of Hong Kong (-465 million) [1][2] Stockholding Ratios - China Telecom (00728) holds 99.79 million shares with a stockholding ratio of 71.90% [2] - GCL-Poly Energy (01330) holds 28.3 million shares with a stockholding ratio of 69.96% [2] - Da Zhong Public Utilities (01635) holds 36.7 million shares with a stockholding ratio of 68.75% [2] - Other notable companies in the top 20 include China Shenhua (66.39%) and China Merchants Energy (64.43%) [2] Recent Trading Activity - The top three companies with increased holdings in the last five trading days are: - SMIC (00981): +1.092 billion, +15.28 million shares [2][3] - China Merchants Bank (03968): +1.052 billion, +19.92 million shares [2][3] - Hong Kong Exchanges and Clearing (00388): +790 million, +1.93 million shares [2][3] - The top three companies with decreased holdings in the last five trading days are: - China Mobile (00941): -3.216 billion, -39.36 million shares [2][3] - Tencent Holdings (00700): -1.107 billion, -1.84 million shares [2][3] - Tracker Fund of Hong Kong (02800): -465 million, -18.01 million shares [2][3]

Core Viewpoint - The telecommunications sector is experiencing a general decline, with China Mobile's stock performance drawing significant attention due to its recent drop and technical indicators suggesting potential buying opportunities despite the overall weak fundamentals of the sector [1][3]. Group 1: China Mobile Performance - China Mobile's stock closed at 81.8 HKD, down 1.21% with a trading volume of 3.08 billion HKD [1]. - The stock is currently below its MA10 (83.95 HKD) and MA30 (85.87 HKD), but above MA60 (85.79 HKD) [1]. - The RSI indicator is at 24, indicating an oversold condition, while various oscillators show mixed signals, with a general summary suggesting a "buy" signal with a strength of 11 [1]. Group 2: Sector Performance - China Unicom closed at 7.99 HKD, down 2.08%, with an RSI of 16 indicating severe overselling [1]. - China Telecom closed at 5.42 HKD, down 1.99%, with an RSI of 30, nearing oversold levels [1]. - China Tower closed at 11.57 HKD, down 3.10%, with an RSI of 37, indicating a neutral position [1]. Group 3: Market Reaction and Derivative Products - As of the morning of the 30th, China Mobile's stock rose to 82.05 HKD, with resistance levels at 85 HKD and 88.3 HKD, and support levels at 75.3 HKD and 78.6 HKD [3]. - Recent performance of related warrants shows a clear leverage effect, with products like the UBS bear certificate rising significantly following a drop in China Mobile's stock [3][4]. - The relationship between the stock and its derivatives is influenced by factors such as the proximity of the exercise price to the current stock price and changes in implied volatility [3]. Group 4: Selected Derivative Products - Four selected products related to China Mobile are highlighted for investors: 1. China Bank Call Warrant (22167) with a leverage of 20.4 and an exercise price of 92.05 HKD, suitable for investors expecting a rebound [6]. 2. China Bank Put Warrant (21625) with a leverage of 17.8 and an exercise price of 75.83 HKD, ideal for those anticipating further adjustments [6]. 3. UBS Bull Certificate (63412) with a leverage of 9.7 and an exercise price of 72 HKD, suitable for investors looking for a rebound near support levels [6]. 4. HSBC Bear Certificate (56299) with a leverage of 4.9 and a redemption price of 98 HKD, appropriate for short-term bearish investors [7].

Core Insights - The conference held by China Mobile Guangxi Company focused on digital transformation and ecosystem development, emphasizing collaboration with partners to enhance network foundations and smart application projects [1][3] Group 1: Company Achievements - In the past year, China Mobile Guangxi has strengthened its cooperation ecosystem, optimizing channel layouts and achieving simultaneous improvements in business capacity and user satisfaction [3] - The company has established a robust rights ecosystem with over 2,800 partner merchants and more than 10,000 covered stores, laying a solid foundation for the launch of the "Mobile Love Purchase" digital life mall ecosystem alliance [4] - The company has seen rapid growth in key sectors such as education and cloud computing, with steady increases in revenue from visual internet services and a leading position in the DICT market [4] Group 2: Product Innovations - The conference showcased various new terminal products and smart solutions, including AI phones, eSIM devices, and cloud computers, which are designed to meet diverse consumer needs [7] - The AI phone features the "Lingxi" intelligent system for smart interaction and proactive services, while eSIM products enable convenient connectivity across multiple devices [7] - The cloud computer is tailored to support the HarmonyOS and various industry-specific applications, providing integrated high-performance solutions for digital transformation [7] Group 3: Future Directions - China Mobile Guangxi plans to align with the regional "Artificial Intelligence +" strategy, focusing on enhancing cooperation mechanisms and improving service response quality [9] - The company aims to contribute to the establishment of the China-ASEAN Artificial Intelligence Innovation Cooperation Center through collaborative efforts with partners [9]