irasia.com – China Telecom Corporation Limited
China Telecom Corporation Limited
(A public limited company incorporated in the People’s Republic of China with limited liability)
Actions and end of reporting obligations
under the United States Securities Exchange Act
Hong Kong, February 25, 2022 – China Telecom Corporation Limited (“China Telecom” or “the Company”; HKEx: 00728; SSE: 601728) referred to its May 7, 2021 announcement regarding the decision of The New York Stock Exchange LLC (the “NYSE”) to delist the Company’s American Depositary Shares (the “ADS”) and its announcement dated September 10, 2021 regarding the termination of its ADS program (the “ADS Program”), respectively. On May 7, 2021, the NYSE filed Form 25 with the United States Securities and Exchange Commission (the “SEC”) and the delisting of the Company’s ADSs became effective on May 18, 2021. September 9, 2021 , the Company has decided to terminate the ADS Program effective December 8, 2021 (US Eastern Time).
China Telecom has announced that in light of the delisting of the ADSs and the termination of the ADS program, the company intends to file a Form 15F with the SEC as of the date of this press release to delist the ADSs and terminate its reporting obligations under U.S. law. Securities Exchange Act of 1934, as amended (the “US Exchange Act”).
The Company’s reporting obligation under the US Exchange Act will be suspended immediately upon such filing. The opt-out and termination of reporting obligation should be effective 90 days after filing, unless withdrawn by the Company or the SEC objects. The Company will continue to comply with its financial reporting and other obligations as a listed issuer under the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and the Rules Governing the Listing of Shares on the Shanghai Stock Exchange.
Certain statements in this press release may be deemed “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. . These forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition, results of operations or prospects of the Company to be materially different. any future performance, financial condition, results of operations or prospects implied by such forward-looking statements. Additionally, 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 Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) and other documents filed by the Company with the SEC.
For press inquiries:
China Telecom Corporation Limited
Investor Relations Department
Ms. Lisa Lai / Mr. Nick Fung
IR Request: (852) 2582-0388
Email: [email protected]
Fax: (852) 2877-0988
Source: China Telecom Corporation Limited
|© Copyright 1996-2022 irasia.com Ltd. All rights reserved.|
DISCLAIMER: irasia.com Ltd does not warrant the accuracy or completeness of any information provided on this website. Under no circumstances can irasia.com Ltd be held liable for damages resulting from the use of the information provided on this site.