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） 董事名單與其角色和職能 中國移動有限公司董事會（「董事會」）成 員 載 列 如 下： 執行董事 陳忠岳先生（董 事 長） 王利民先生 李榮華先生（財 務 總 監） 獨立非執行董事 姚建華先生 楊强博士 李嘉士先生 梁高美懿女士 – 1 – 董 事 會 設 有 四 個 董 事 委 員 會。董 事 委 員 會 的 組 成 如 下： 審核委員會 姚建華先生（主 席） 楊强博士 李嘉士先生 梁高美懿女士 薪酬委員會 姚建華先生（主 席） 楊强博士 李嘉士先生 梁高美懿女士 提名委員會 楊强博士（主 席） 姚建華先生 李嘉士先生 梁高美懿女士 可持續發展委員會 梁高美懿女士（主 席） 李榮華先生 李嘉士先生 香 港，2026年2月12日 – 2 – ...

Core Viewpoint - The traditional centralized model of Olympic broadcasting is evolving, with viewers shifting from television to mobile and interactive platforms, leading to changes in sponsorship and content delivery strategies [1][2][17]. Broadcasting Rights and Revenue - Broadcasting rights remain a crucial revenue source for the Olympics, with the Central Broadcasting Television Station (CCTV) and China Mobile Migu as the official broadcasters for the 2026 Winter Olympics [1][2]. - The partnership between CCTV and Migu highlights a clear copyright authorization chain, fostering competition in the market [5]. Content Delivery and User Engagement - Platforms like Migu are enhancing viewer experience by offering differentiated services such as smart viewing companions, real-time data visualization, and interactive features to attract audiences [5][6]. - Migu's business model includes ad-supported viewing options, with a subscription model allowing users to watch without ads for a fee [6][12]. Changes in Viewer Behavior - Non-rights holders like Kuaishou and Douyin are engaging audiences through social media interactions and content creation, despite lacking official broadcasting rights [13][14]. - The shift towards a multi-platform ecosystem indicates that Olympic viewership is no longer confined to traditional broadcasting, as attention is fragmented across various digital platforms [14][15]. Future Directions - The industry is moving beyond simple copyright competition to focus on building comprehensive content service systems that enhance user engagement and retention [14][17]. - The integration of AI technology is transforming viewer experiences from passive watching to immersive participation, suggesting a trend that may continue in future events [17].

Core Viewpoint - The collaboration between China Mobile Guangdong, Deep Intelligence, and Titanium Robot aims to accelerate the application of embodied intelligence technology across various sectors, establishing a benchmark for new productivity in the industry [1][3]. Group 1: Partnership and Objectives - The signing ceremony for the comprehensive cooperation agreement took place at Beijing Zhongguancun College, attended by key representatives from all three companies [1]. - This partnership is a significant manifestation of China Mobile's "industry-investment synergy" strategy, focusing on integrating robotic capabilities with communication infrastructure [1][3]. - The three parties will jointly establish an Embodied Intelligence Empowerment Center to create a collaborative system that integrates robotic bodies, intelligence models, 5G networks, and industry applications [3][5]. Group 2: Technical Collaboration - The collaboration will focus on joint research and development in key areas such as embodied intelligent robot platforms, high-dynamic physical interaction, multi-modal perception decision-making, and remote collaborative control [5]. - The integration of 5G low-latency communication, network slicing, and edge computing will be explored to develop solutions for typical scenarios in research, industrial manufacturing, and energy park operations [5]. - The partnership aims to foster an open and collaborative industrial innovation ecosystem, injecting new momentum into the integration of artificial intelligence and the real economy [5].

Core Viewpoint - China Mobile emphasizes the importance of strengthening integrity culture as a foundational project to promote a corruption-free environment, aiming to create a "Clean Mobile" brand through systematic education and innovative activities [1][2][3] Group 1: Education and Awareness - The company implements a comprehensive education model that includes various learning methods such as "guided learning" by the party committee and "in-depth learning" by party members to build a strong foundation against corruption [1] - Annual themed anti-corruption education activities have been conducted for 14 consecutive years, enhancing the integrity awareness of all employees through systematic and continuous education [2] Group 2: Cultural Integration and Resources - The company aims to create local integrity culture brands by integrating regional cultural heritage with red education resources, establishing physical venues for integrity culture education [3] - An online platform called "Red Cloud Collection" is being developed to consolidate resources from national red culture bases, providing quality digital content related to integrity themes [3] Group 3: Innovation in Education - The company promotes advanced models of integrity culture by leveraging its strengths in technology, such as 5G and big data, to enhance the visibility and impact of integrity culture [3] - Various communication channels, including WeChat and online university platforms, are utilized to disseminate integrity culture effectively to grassroots levels [3]

Core Viewpoint - The article highlights the launch of a new promotional campaign by Migu Yuedu (formerly Migu Reading) to enhance user engagement during the Spring Festival, offering a 30-day free membership experience to access a wide range of digital content [1][11]. Group 1: Strategic Upgrade - Migu Yuedu has undergone a strategic upgrade, officially rebranding from Migu Reading to Migu Yuedu on January 29, 2026, expanding its content offerings to include both literature and short dramas [3]. - The platform aims to create a new integrated experience by combining reading and viewing, focusing on user satisfaction and immersive content consumption [3][13]. Group 2: User Experience Enhancements - The upgraded platform provides users with 30GB of dedicated data each month, addressing concerns about data usage while streaming content [6]. - Migu Yuedu features a dual-channel system, "Book City" and "Theater," which includes over 16,000 micro-short dramas and a vast collection of licensed literature, covering popular genres [6]. - The platform employs intelligent recommendation algorithms to seamlessly integrate literature and short drama content, enhancing user experience [6][8]. Group 3: Target Audience and Inclusivity - Migu Yuedu has implemented features catering to various age groups, including an "Elderly Mode" with larger fonts and simplified navigation for older users, as well as special content for students [10]. - The platform's initiatives reflect a commitment to bridging the digital divide and addressing the cultural needs of diverse user demographics [10][14]. Group 4: Cultural Engagement and Long-term Strategy - The promotional activities align with national reading initiatives, aiming to cultivate digital content consumption habits among the public [11][14]. - Migu Yuedu seeks to establish a complete ecosystem that connects literature and visual content, reinforcing its competitive edge in the micro-short drama and digital reading sectors [13]. - The company is dedicated to contributing to cultural dissemination and industry upgrades, positioning itself as a leader in the digital cultural landscape [13][14].

Core Viewpoint - China Mobile (600941) has shown steady growth in recent performance but faces competitive pressure from internet giants in the AI and cloud business sectors, leading to a downgrade in institutional ratings and a slight increase in stock price with net capital outflow [1]. Stock Performance - Institutional Rating Adjustment: UBS has downgraded China Mobile's rating from "Buy" to "Neutral," lowering the target price from HKD 100 to HKD 81, citing stable dividends but a lack of valuation catalysts [2]. - Stock Price and Capital Flow: As of February 5, 2026, China Mobile's stock price increased by 0.45% with a trading volume of CNY 1.04 billion, but there was a net outflow of CNY 106 million in the last three days, indicating short-term market divergence [2]. Operational Performance - Q3 Performance: For the first three quarters of 2025, the company reported revenue of CNY 794.7 billion (up 0.4% year-on-year) and a net profit of CNY 115.4 billion (up 4.0% year-on-year), with 5G customer numbers reaching 622 million. Capital expenditure is controlled within the initial guidance of CNY 151.2 billion, with expectations of a steady decline over the next 2-3 years [3]. - Dividend Policy: UBS forecasts a dividend yield of approximately 7-8% for 2026, with a potential increase in the payout ratio, although the annual compound growth rate of earnings is low (around 2%), suggesting that the dividend outlook is already reflected in the stock price [3]. Business Development - AI and Cloud Business Layout: Revenue from mobile cloud services has shown good growth, with rapid increases in direct income from AI. The company emphasizes that cloud services are the foundational computing power for the AI era, driving the upgrade from "cloud to intelligence" [4]. Industry Policy and Environment - Communication Industry Trends: Policies supporting low-altitude economy and computing infrastructure (such as the guidelines released by ten departments on the construction of a low-altitude economy standard system) may indirectly support the telecommunications sector, although attention must be paid to the progress of technology implementation [5].

特种光缆作为构建高速、稳定、安全通信网络的关键基础设施，对技术工艺与产品可靠性要求极高。在 此次中国移动的集采项目中，通鼎互联依托多年专项技术积累和丰富的场景应用经验，所推出的特种光 缆产品在性能、耐久性与环境适应性等方面均表现突出，获得了评审团队的高度认可，最终以领先优势 位列中标候选人榜首。 作为国内通信产业的重要力量，通鼎互联长期深耕光通信领域，主营业务覆盖光纤预制棒、光纤、光 缆、通信电缆及电力电缆的研发、制造与销售，并积极布局安全业务、大数据等新兴业务板块。公司始 终坚持创新驱动，以高品质产品与专业服务赢得了市场的广泛信赖。 从财务数据来看，通鼎互联在2025年前三季度实现营业总收入24.46亿元，同比增长12.71%，公司整体 盈利能力和财务结构健康向好。尤其在光电通信核心业务上，公司持续优化产品矩阵、提升服务能效， 已成为包括中国移动在内的多家主流通信运营商的重要合作伙伴，市场份额与品牌影响力不断扩大。 近日，中国移动（600941）2026-2027年度特种光缆产品集中采购项目中标结果正式揭晓，通鼎互联 （002491）(股票代码：002491)凭借雄厚的技术积淀与出色的产品表现，在激烈竞争中 ...

Group 1 - He Biao has been appointed as the Deputy Director and Party Member of the National Radio and Television Administration [1] - Prior to this role, He Biao served as the General Manager and Deputy Secretary of the Party Committee of China Mobile Communications Group Co., Ltd. [1] - He Biao has a background in various leadership positions within the telecommunications industry, including roles at China Unicom [1][3] Group 2 - He Biao was born in February 1972 and holds a doctorate in business administration [3] - His previous positions include Vice General Manager and Party Member of China United Network Communications Group Co., Ltd. [3] - He has also held significant roles in Guangdong Province, including General Manager and Party Secretary of China Unicom's subsidiaries [3]

Core Viewpoint - The article emphasizes China Mobile's focus on the essence of communication—network quality—during the Spring Festival, showcasing its innovative marketing approach through the "Good Network Experience Officer" campaign featuring Wang Yaoqing, and the symbolic representation of a "net" to convey the company's commitment to high-quality service and network reliability [1][11]. Group 1: Network Quality and Innovation - China Mobile has undergone five significant upgrades to its network, which has been tested by 1.4 billion users, demonstrating its reliability under various conditions [2][5]. - The company has evolved from 1G to 5G, making substantial contributions to global communication standards, including leading the development of over 270 international 5G standards [5][6]. - By 2025, China Mobile plans to accelerate the commercialization of 5G-A, enhancing speed, capacity, and user experience, while also laying the groundwork for 6G technology [5][6]. Group 2: Network Coverage and Accessibility - China Mobile has established over 2.59 million 5G base stations, accounting for more than one-third of the global total, ensuring extensive coverage across urban and rural areas [6][8]. - The network provides reliable service in challenging environments, such as offshore areas and remote regions, allowing users to enjoy high-speed connectivity [8][10]. - The company has targeted weak signal areas for improvement, transforming "dead zones" into "hotspots" for seamless connectivity in public transport and other high-traffic locations [8][10]. Group 3: Customer Service and Engagement - China Mobile emphasizes the importance of service alongside network quality, with initiatives like on-site support during adverse weather and dedicated teams for major events [11][13]. - The company integrates user-friendly service measures, ensuring quick responses and support, enhancing customer satisfaction [11][13]. - The "Family Love Network" initiative allows families to share a single network, fostering connections during festive occasions [10][11]. Group 4: Future Commitment - China Mobile is committed to continuing its development with a focus on user-centered approaches, aiming to build a more extensive, superior, and intelligent network [14].

Core Viewpoint - The collaboration between Qilu Petrochemical and Shandong Mobile Zibo aims to innovate the application of quantum encryption technology in the energy and chemical industry, enhancing industry security and development through technological self-reliance [1][2] Group 1: Collaboration and Technology Integration - The partnership focuses on deep integration and shared mission, with Shandong Mobile providing tailored security upgrade solutions for Qilu Petrochemical [2] - The quantum encryption system supports secure transmission of various content types, including text, images, and videos, with features like self-destruct messages and sensitive word control [1] - The system enables secure storage and transmission of large files and documents, incorporating permission levels and watermark tracing mechanisms [1] Group 2: Application in Energy Production - Quantum encryption technology is applied in production scheduling, supply chain collaboration, and remote equipment maintenance, significantly reducing risks of data leakage and cyberattacks [2] - The system enhances production safety reliability by establishing trusted data transmission channels for critical facilities like refining units and oil and gas pipelines [2] Group 3: Strategic Importance and Future Directions - The collaboration exemplifies the response of energy and communication sectors to national strategies and the push for digital transformation in the industry [2] - The partnership aims to strengthen information and production safety barriers in the energy sector while fostering new productive forces and high-quality development paths [2] - Future efforts will focus on advancing strategic cooperation and integrating cutting-edge technologies like quantum computing and artificial intelligence [2]