China Unicom (Hong Kong) Limited (formerly known as "China Unicom Limited") (the "Company") was incorporated in Hong Kong in February 2000 and was listed on the New York Stock Exchange and the Stock Exchange of Hong Kong on 21 June 2000 and 22 June 2000 respectively. On 1 June 2001, the Company wasincluded as a constituent stock of the Hang Seng Index.

The Company merged with China Netcom Group Corporation (Hong Kong) Limited on 15 October 2008. The ultimate parent company of the Company, China United Network Communications Group Company Limited (formerly known as China United Telecommunications Corporation) ("Unicom Group") also officially merged with China Network Communications Group Corporation ("Netcom Group") in early January of 2009.

As of 5 November 2009, Unicom Group held 57.81% of the shares in the Company through China United Network Communications Limited (formerly known as "China United Telecommunications Corporation Limited") ("A Share Company"), China Unicom (BVI) Limited and China Netcom Group Corporation (BVI) Limited; the public investors of the A Share Company held 13.20% of the shares in the Company through A Share Company's shareholding in China Unicom (BVI) Limited; Telefónica Internacional S.A.U. held 8.37% of the shares in the Company. The remaining 20.62% of the shares in the Company are held by public investors in Hong Kong and New York.

The Company completed the acquisitions of certain assets and business related to its core business from Unicom Group and Netcom Group on 31 January 2009, and started to lease the telecommunications networks across the 21 provinces in Southern China from Unicom Group on 1 January 2009. At present, the Company is engaged in GSM cellular business and value-added services, fixed-line voice and value-added services, fixed-line broadband and other Internet-related services, ICT services, business and data communications services, and other related telecommunication business in 31 provinces, municipalities and autonomous regions in China.

On 7 January 2009, Unicom Group was granted the license to operate 3G digital cell business with WCDMA technology by the Ministry of Industry and Information Technology of the People's Republic of China ("MIIT"). MIIT has also granted approval for Unicom Group to license China United Network Communications Corporation Limited, a wholly-owned subsidiary of the Company, to operate 3G digital cell business with WCDMA technology nationwide in China.

Updated on 6 November, 2009