China United Network Communications (Hong Kong) Co., Ltd. (the “Company”) was incorporated in Hong Kong in February 2000 and listed on the New York Stock Exchange and the Hong Kong Stock Exchange on June 21 and 22, 2000, respectively. On June 1, 2001, the Company's shares were officially included as constituent stocks of the Hang Seng Index. The company officially merged with China Netcom Group (Hong Kong) Co., Ltd. on October 15, 2008. The company has been selected as one of the “World's Top 500 Companies” for many years in a row, ranked 267th in the “Fortune” World 500 in 2022, and was selected as “Asia's Most Admired Telecom Company” by “Institutional Investors” (Institutional Investors) for seven consecutive years in 2022. The company is positioned as “a national team for the operation and service of digital information infrastructure, a network powerhouse, the main force in the construction of a smart society in digital China, and the vanguard of digital technology integration and innovation”, and upgraded the strategy to “strengthen the foundation of a strong network, maintain innovation, integration and openness”, further highlight the foundation of a strong network, the foundation of solid service, and practice “basic skills”; more emphasizes the integration of elements, market integration, and the “team competition” with partners. Under the new positioning and strategy, the company fully invigorates the main channel of the digital economy, taking “big connectivity, big computing, big data, big applications, and big security” as its main business, achieving all-round transformation and upgrading of development drivers, paths and methods, opening up new development space, enhancing customer value, and integrating better services and into the new development pattern. In order to become a world-class enterprise with global competitiveness, the company resolutely carries out its national mission, comprehensively builds an intelligent comprehensive digital information infrastructure with first-class breadth, depth and depth, unblocking the information artery and building a new digital foundation for economic and social development; resolutely implementing the cyber power strategy, serving the construction of a digital China, a smart society, grasping the direction of digitalization, networking, and intelligence, leading technology and highly integrated “full coverage, all-online, all-cloud, greening, one-stop” digital services to help thousands of industries “go to the cloud and empower new uses of intelligence” Development; resolutely implement innovation-driven It focuses on core technology, focuses on key applications, integrates innovation, turns the company into a technologically innovative enterprise, and achieves a high level of self-reliance and self-improvement in digital technology, which has become an important part of the country's strategic scientific and technological strength. The company strives to be the “new engine” that empowers socio-economic transformation, giving full play to the advantages of big data and communication network technology, promoting the development of the digital economy and the upgrading of information consumption, helping the transformation of old and new kinetic energy in economic development, effectively enhancing the satisfaction and sense of acquisition of information and communication services among a wide range of users, so that the whole society can further enjoy the new results brought about by ICT development.
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