[ET Net News Agency, 16 March 2018] China Unicom (00762) said it noted that there has
been various media coverage, stating that the compound annual growth rate of the service
revenue and the profit before tax of China Unicom for the four years ending 31 December
2020 will be no less than 6.5% and 68.7%, respectively.
The telecom operator clarified that the figures referred to in the media reports relate
to the performance conditions of the share awards under the employees share incentive
scheme which was adopted and announced by China United Network Communications Limited, a
controlling shareholder of China Unicom, on 11 February 2018. Under the employees share
incentive scheme, grantees can only transfer their shares if certain performance and other
conditions are fulfilled. Accordingly, such figures are not targets made by the company.
(HL)