China Unicom (Hong Kong) Limited announced that Mr. Chen Zhongyue has resigned from his position as the Chief Executive, with effect from 29 October 2025, due to change in work arrangement. Mr. Chen Zhongyue has confirmed that there is no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. During Mr. Chen Zhongyue's tenure as the Chairman of the Company, he was diligent, dedicated, pragmatic, and enterprising.
He ushered in a new phase for the Company's reform and development and made outstanding contributions. During his tenure, he led the Company in actively serving national strategies and continuously deepening integrated innovation, vigorously driving the Company to take greater strides in its high-quality development. Under his leadership, the Company focused on its primary responsibilities of building Cyber Superpower and Digital China, deeply cultivating its core businesses of Connectivity and Communications as well as Computing and Digital Smart Applications.
Connectivity and Communications represented China Unicom's implementation of serving Cyber Superpower while Computing and Digital Smart Applications represented China Unicom's actions in serving Digital China. By promoting the integration between computing power and network, between data and AI, and between digital and real economies, the Company advanced network innovation, technology innovation, and service innovation. Its business development continued to maintain sound momentum, its revenue steadily grew and its profitability continued to enhance, while its international development achieved remarkable results, and its innovative capabilities were comprehensively strengthened.
The Company's edge in integrated and open governance brought by a diversified board of directors was further consolidated, and its brand influence and capital market value were further elevated, accelerating its progress towards becoming a world-class technology service enterprise with global competitiveness.
