Yeung Chi Wai, Jason to Resign as Independent Non-Executive Director, the Chairman and A Member of the Remuneration Committee, A Member of the Audit Committee and the Nomination Committee of China Telecom Corporation Limited
The board of directors of China Telecom Corporation Limited (Company) announced that pursuant to the relevant requirement issued by China Securities Regulatory Commission regarding the term of independent directors, as Mr. Yeung Chi Wai, Jason (Mr. Yeung) has continuously served as an Independent Non-Executive Director of the Company for the prescribed period, Mr. Yeung will resign from his positions as an Independent Non-Executive Director, the chairman and a member of the Remuneration Committee, a member of the Audit Committee and the Nomination Committee. In order to ensure normal operation of the Board and its special committees, the resignation of Mr. Yeung shall take effect on the date of election of the proposed Independent Non-Executive Director at the extraordinary general meeting of the Company to be convened (the "EGM"). Prior to that, Mr. Yeung will continue to carry out his duties as an Independent Non-Executive Director and in the aforementioned special committees of the Board.
China Telecom Corp Ltd is a China-based company mainly engaged in telecommunications and related businesses. The Company's main business includes mobile telecommunications services, wireline and smart family services, industrial digital services, and commodity sales. The Company's mobile telecommunications services business mainly includes mobile voice, handset Internet access, and mobile value-added services. The Company's Wireline and smart family services business mainly include fixed-line telephone, wireline broadband and smart home services. The Company's industrial digital business mainly includes industry cloud, Internet data center (IDC), digital platform, network dedicated line, Internet of Things and other businesses. The Company's commodity sales business refers to the company's sales of mobile terminal equipment and wireline communication equipment to users. The Company distributes its products within the domestic market.
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Investor
Investor
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Global
Global
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Yeung Chi Wai, Jason to Resign as Independent Non-Executive Director, the Chairman and A Member of the Remuneration Committee, A Member of the Audit Committee and the Nomination Committee of China Telecom Corporation Limited
