Core Viewpoint - CITIC International Telecom announced a supplemental agreement between its subsidiary Macau Telecom and the Macau government, extending the original franchise contract until September 30, 2027, from the previous expiration date of September 30, 2025 [1] Group 1: Contract Details - The supplemental agreement allows franchise assets to become the property of the Macau Special Administrative Region starting October 1, 2025, while Macau Telecom will continue to use these assets [1] - From the same date, these assets will be made available to other public telecommunications operators in Macau under the principles of "fairness, transparency, and user payment" [1] - Macau Telecom will charge fees for the use of these assets outside of the franchise business [1] Group 2: Management and Future Development - Starting January 1, 2026, Macau Telecom will assist the government in managing these shared assets [1] - Ongoing negotiations will address unspecified details related to the agreement [1] - The company believes that this extension will benefit the future development of Macau Telecom and continue to support the social development of Macau [1] Group 3: Stock Trading Resumption - The company has applied to resume trading of its shares starting from 1 PM on September 18, 2025 [1]

Core Viewpoint - The announcement by CITIC International Telecom (01883) regarding the extension of the franchise contract with the Macau government is expected to benefit the future development of Macau Telecom and support its role in the social development of Macau [1][2]. Group 1: Franchise Contract Details - The franchise contract between Macau Telecom and the Macau government will be extended for two years, from October 1, 2025, to September 30, 2027 [1]. - After September 30, 2026, the Macau government can terminate the franchise contract with a 60-day notice [1]. - Designated assets and investments under the franchise contract will become property of the Macau SAR on October 1, 2025, while Macau Telecom 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 based on principles of fairness, transparency, and user payment [1]. - Macau Telecom will assist the Macau government in managing shared asset applications starting January 1, 2026, including establishing management systems and fee structures [1]. - The book value of the franchise assets as of June 30, 2025, is approximately HKD 215 million [1]. Group 2: Company Perspective - The company views the signing of the supplementary contract as a continuation of the principles established in the previous supplementary contract dated September 30, 2024, which will be beneficial for its future development [2]. - Macau Telecom aims to continue its supportive role in the development and service functions for the Macau society [2]. - The company has submitted an application to the Hong Kong Stock Exchange to resume trading of its shares starting from September 18, 2025 [2].