China Unicom(SH:600050) Nan Fang Du Shi Bao·2025-10-29 04:46Core Points - The case of Cao Xingxin, former deputy general manager of China United Network Communications Group Co., Ltd., has been publicly sentenced to 12 years in prison for bribery, along with a fine of 2 million RMB [1][3] - The total amount of bribes received by Cao Xingxin from 2005 to 2024 is over 26.75 million RMB, facilitated by his various official positions [3][4] - The court acknowledged mitigating circumstances, including Cao's confession and the return of all illicit gains, leading to a lighter sentence [3][5] Company Summary - Cao Xingxin was involved in serious violations of discipline and law, leading to his expulsion from the Party and public office in February 2025 [4][5] - His actions included using his position to benefit others in project contracting, job adjustments, and promotions, while illegally accepting substantial amounts of money [4][5] - The case highlights the ongoing anti-corruption efforts within key infrastructure sectors in China, particularly as the telecommunications industry prepares for advancements in 5G and 6G technologies [6]