CHU [CHINA UNICOM (HONG KONG)] 6-K: 1 Announcement dated June 6, 2019 in respect

Ticker: CHU, Company: CHINA UNICOM (HONG KONG) Ltd, Type: 6-K, Date: 2019-06-06
Original SEC Filing: Click here


Webplus: CHU/20190606/6-K_2/1/000.htm SEC Original: d761938d6k.htm
1 Announcement dated June 6, 2019 in respect of The Grant by the MIIT of the Permit to Operate 5G Digital Cellular Mobile Communications Service. build-out • the Company’s ability to effectively sustain its growth and to achieve or enhance profitability; • • changes in the PRC telecommunications industry resulting from the issuance of licenses for telecommunications services by the



6-K 1 d761938d6k.htm FORM 6-K
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EXHIBITS

Exhibit
Number
1 Announcement dated June 6, 2019 in respect of The Grant by the MIIT of the Permit to Operate 5G Digital Cellular Mobile Communications Service.

FORWARD-LOOKING STATEMENTS

This announcement contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may include, without limitation, statements relating to (i) the Company’s plans and strategies and the ability to successfully execute these plans and strategies, including those in connection with mergers and acquisitions and capital expenditures; (ii) the Company’s plans for network expansion, including those in connection with thebuild-out of mobile services and network infrastructure; (iii) the Company’s competitive position, including the ability to upgrade and expand existing networks and increase network efficiency, to improve existing services and offer new services, to develop new technological applications and to leverage the Company’s position as an integrated telecommunications operator and expand into new services and markets; (iv) the Company’s future business condition, including future financial results, cash flows, financing plans and dividends; (v) the future growth of market demand of, and opportunities for, the Company’s new and existing products and services; and (vi) future regulatory and other developments in the PRC telecommunications industry.

The words “anticipate”, “believe”, “could”, “estimate”, “intend”, “may”, “seek”, “will” and similar expressions, as they relate to the Company, are intended to identify certain of these forward-looking statements. The Company does not intend to update any of these forward-looking statements and are under no obligation to do so.

The forward-looking statements contained in this announcement are, by their nature, subject to significant risks and uncertainties. In addition, these forward-looking statements reflect the Company’s current views with respect to future events and are not a guarantee of the Company’s future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of a number of factors, including, without limitation:

the Company’s ability to effectively sustain its growth and to achieve or enhance profitability;

changes in the regulatory regime and policies for the PRC telecommunications industry, including without limitation, changes in the regulatory and tariff policies of the State Council of the PRC, the Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission, and other relevant government authorities of the PRC;


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changes in the PRC telecommunications industry resulting from the issuance of licenses for telecommunications services by the central government of the PRC;

changes in telecommunications and related technologies including the fifth generation mobile telecommunications, or 5G, and future generations of mobile technologies, and applications based on such technologies, including testing and monetization of 5G and future generations of mobile technologies;

the level of demand for telecommunications services, in particular, the fourth generation mobile telecommunications and future 5G services;

competitive forces from more liberalized markets and the Company’s ability to retain market share in the face of competition from existing telecommunications companies and potential new market entrants;

effects of restructuring and integration (if any) in the PRC telecommunications industry and any cooperation among the PRC telecommunications operators;

the availability, terms and deployment of capital and the impact of regulatory and competitive developments on capital outlays;

the potential impact of restrictions, sanctions or other legal or regulatory actions under relevant laws and regulations in various jurisdictions on our telecommunications equipment suppliers and other business partners;

changes in the assumptions upon which the Company has prepared its projected financial information and capital expenditure plans;

costs and benefits from the Company’s investment in and arrangements with China Tower Corporation Limited;

results and effects of any investigation by the relevant PRC regulatory authorities overseeing State-owned enterprises and their directors, officers and employees; and

changes in the political, economic, legal, tax and social conditions in China, including the PRC Government’s policies and initiatives with respect to foreign exchange policies, foreign investment activities and policies, entry by foreign companies into the Chinese telecommunications market and structural changes in the PRC telecommunications industry.

Please also see the “Risk Factors” section of the Company’s latest Annual Report on Form20-F, as filed with the U.S. Securities and Exchange Commission.


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CHINA UNICOM (HONG KONG) LIMITED

    (Registrant)

Date: June 6, 2019
By:

/s/ Yung Shun Loy Jacky

Name: Yung Shun Loy Jacky
Title: Company Secretary


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Exhibit 1

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

LOGO

(Incorporated in Hong Kong with limited liability)

(Stock Code: 0762)

THE GRANT BY THE MIIT OF THE PERMIT TO OPERATE 5G DIGITAL CELLULAR MOBILE COMMUNICATIONS SERVICE

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of the Securities on The Stock Exchange of Hong Kong Limited and Part XIV A of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

The board of directors (the “Board”) of China Unicom (Hong Kong) Limited (the “Company”) announced that China United Network Communications Group Company Limited (“Unicom Group”), the ultimate parent company of the Company, was notified by the Ministry of Industry and Information Technology of the People’s Republic of China (the “MIIT”) that Unicom Group has been granted by the MIIT the permit to operate 5G digital cellular mobile communications service. Meanwhile, the MIIT has granted approval for Unicom Group to license China United Network Communications Corporation Limited, a wholly-owned subsidiary of the Company, to operate 5G mobile communications service nationwide in mainland China.

In the future, the Company will persist in the business operation in compliance with the law and regulations. It will make dynamic and precise investment in 5G construction with due regards to the technological advancement, market and business demand, competitive landscape, etc., as well as accelerating 5G commercialisation. It will also actively research and drive 5G network sharing while exploring various cooperation modes, so as to reduce construction cost and drive the high-quality development of 5G. By advancing the industry ecosystem and upholding the principle of open cooperation andwin-win development, the Company will join hands with the value chain to share the new bonus to be brought by 5G. It will actively drive the integrated application and innovative development of 5G. It aims to deliver capabilities and intelligence to more industry verticals and foster digitised, network-based and intelligent development of various industries while striving to enhance the user experience and corporate return.

In the meantime, shareholders and investors of the Company are advised to exercise caution in dealing in the securities of the Company.

By Order of the Board
CHINA UNICOM (HONG KONG) LIMITED
WANG XIAOCHU
Chairman and Chief Executive Officer

Hong Kong, 6 June 2019

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Forward-looking Statements

Certain statements contained in this announcement may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of the U.S. Securities Exchange Act of 1934 (as amended). Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward looking statements. In addition, we do not intend to update these forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company’s most recent Annual Report on Form20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

As at the date of this announcement, the board of directors of the Company comprises:

Executive Directors: Wang Xiaochu, Li Guohua, Li Fushen, Shao Guanglu and Zhu Kebing
Non-executive Director: Cesareo Alierta Izuel
IndependentNon-executive Directors: Cheung Wing Lam Linus, Wong Wai Ming, Chung Shui Ming Timpson and Law Fan Chiu Fun Fanny

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Company Info:

Ticker: CHU, Company: CHINA UNICOM (HONG KONG) Ltd, Type: 6-K, Date: 2019-06-06CIK: 0001113866, Location: F4, SIC: 4812, SIC Desc: RADIO TELEPHONE COMMUNICATIONS
Business Phone & Address:
75TH FLOOR THE CENTER, 99 QUEENS ROAD CENTRAL
HONG KONG NA

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