Core Viewpoint - The extension of the franchise agreement between Macau Telecommunications and the Macau government is expected to benefit the company's future development and support its role in the local society [1][2]. Group 1: Franchise Agreement Details - The franchise agreement will be extended for two years, from October 1, 2025, to September 30, 2027, with the government having the option to terminate it with 60 days' notice after September 30, 2026 [1]. - The designated assets and investments under the franchise agreement will become property of the Macau SAR on October 1, 2025, while Macau Telecommunications retains the right to continue using these assets [1]. - From October 1, 2025, the franchise assets will be opened for shared use by public telecommunications operators in the Macau SAR, with fees for usage to be negotiated with the government [1]. Group 2: Financial and Operational Implications - As of June 30, 2025, the book value of the franchise assets is approximately HKD 215 million [2]. - The accounting treatment of the franchise assets is currently under evaluation by the company and its auditors due to the new supplementary contract [2]. - The company believes that the new supplementary contract continues the principles established in the previous contract dated September 30, 2024, which will be beneficial for its future development [2].
中信国际电讯(01883.HK)：延续特许合同期限 下午复牌