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CHINA MOBILE LIMITED

中 國 移 動 有 限 公 司

(Incorporated in Hong Kong with limited liability under the Companies Ordinance)

(Stock Code: 941)

UNAUDITED KEY PERFORMANCE INDICATORS

FOR THE FIRST QUARTER OF 2019

The unaudited financial data of the Group for the first quarter of 2019:

Operating revenue was RMB185.0 billion, down by 0.3% over the same period last year; of which, revenue from telecommunications services was RMB165.9 billion, down by 0.5% over the same period last year

EBITDA was RMB72.7 billion, up by 4.4% over the same period last year

Profit attributable to equity shareholders was RMB23.7 billion, down by 8.3% over the same period last year

In accordance with the Company's disclosure policy and in order to further enhance the transparency of the Group and provide additional information with which shareholders, investors and the general public may better appraise the business and financial position of the Group in a timely manner, the board of directors (the "Board") of China Mobile Limited (the "Company", together with its subsidiaries, the "Group") announces certain selected unaudited key performance indicators of the Group for the first quarter of 2019.

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SELECTED UNAUDITED KEY PERFORMANCE INDICATORS

Financial Data

For the

For the

period from

period from

1 January 2019 to 1 January 2018 to

31 March 2019

31 March 2018

Change

Operating Revenue (RMB)

185.0 billion

185.5 billion

-0.3%

Of which, Revenue from

165.9 billion

Telecommunications Services (RMB)

166.7 billion

-0.5%

Sales of Products and Others (RMB)

19.1 billion

18.8 billion

1.5%

EBITDA (RMB)

72.7 billion

69.7 billion

4.4%

EBITDA Margin

39.3%

37.6%

Profit before Taxation (RMB)

30.7 billion

33.6 billion

-8.6%

Profit Attributable to

23.7 billion

Equity Shareholders (RMB)

25.8 billion

-8.3%

Margin of Profit Attributable to

12.8%

Equity Shareholders

13.9%

Operating Data

As at

As at

31 March 2019/ 31 December 2018/

For the period from

For the period from

1 January 2019 to

1 October 2018 to

31 March 2019

31 December 2018

Mobile Business

931 million

Total Customers

925 million

Net Additional Customers*

6.32 million

8.57 million

4G Customers

723 million

713 million

Average Revenue per User per Month (ARPU)

50.3

(RMB/user/month)*

45.4

Total Voice Usage (minutes)*

790.4 billion

838.9 billion

Average Minutes of Usage per User per Month

288

(MOU) (minutes/user/month)*

301

Handset Data Traffic (GB)*

13.72 billion

13.00 billion

Average Handset Data Traffic per User per

5.7

Month (DOU) (GB/user/month)*

5.3

SMS Usage (messages)*

166.2 billion

178.5 billion

Wireline Broadband Business

167 million

Total Customers

157 million

Net Additional Customers*

10.34 million

9.87 million

Average Revenue per User per Month (ARPU)

30.8

(RMB/user/month)*

31.5

*for the relevant reporting period

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Amid the highly competitive mobile market in the first quarter of 2019, the Group has made concerted efforts to stabilize its market leading position by proactively implementing reforms in data traffic operations, promoting large data products and boosting overall customer perception. As at 31 March 2019, the Group's total number of mobile customers was around 931 million. Among them, 4G customers amounted to 723 million, representing a net increase of 10.67 million for the first quarter. Data traffic business maintained sound growth momentum with handset data traffic recording a year-on-year increase of 172%. Handset data DOU reached 5.7GB, representing a year-on-year increase of 162%. Voice business continued with its downward trajectory with total voice usage (minutes) declining by 9.3% year-on-year. Buoyed by the growth of corporate SMS, the SMS business achieved a refined structure with total SMS usage rising by 19.3% year-on-year. Mobile ARPU stood at RMB50.3 for the first quarter.

The Group continued with its endeavours to develop the household market with an enhanced effort to bundle wireline and mobile services and spur growth of the digital household contents ecosystem. As at 31 March 2019, the total number of wireline broadband customers was 167 million, with a net increase of 10.34 million for the first quarter. Wireline broadband ARPU amounted to RMB30.8.

The Group's telecommunications services revenue went down by 0.5% year-on-year to RMB165.9 billion for the first quarter of 2019. Due to the rapid decline in data tariffs and the carryover effect resulting from the complete cancellation of domestic data "roaming" charges effective July 2018, the Group's telecommunications services revenue, on a year- on-year comparison basis, faced headwinds during the first quarter. The Group will continue to promote the integrated development of the "four growth engines", stabilize its leading position in the personal mobile market, redouble efforts to develop household, corporate and emerging businesses, continuously refine its revenue structure and strive to achieve favourable telecommunications services revenue growth for the full year. For the first quarter, the Group's revenue from the sales of products increased by 1.5% year-on-year to RMB19.1 billion.

Affected by the year-on-year decrease in revenue and rising expenditures on inflexible items, profit attributable to equity shareholders fell by 8.3% year-on-year to RMB23.7 billion for the first quarter of 2019. Margin of profit attributable to equity shareholders stood at 12.8% with ongoing industry-leading profitability. EBITDA recorded a year-on-year increase of 4.4% and reached RMB72.7 billion, which was partly attributable to the implementation of the new accounting standard on leasing (IFRS/HKFRS 16).

The Group will continue to step up measures to reduce costs and enhance efficiency with a special focus on deploying resources with precision and high effectiveness, striking a balance between the Group's short-term performance and long-term development. While undertaking business transformation and nurturing growth momentum, the Group will maintain favourable profitability and strive to achieve a gradual upward trend in profit attributable to equity shareholders during the course of the year, thereby continuously creating value for investors.

The Board wishes to remind investors that the above performance indicators are based on the Group's unaudited management accounts. Investors are cautioned not to unduly rely on such data.

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In the meantime, investors are advised to exercise caution in dealing in the securities of the Company.

By Order of the Board

China Mobile Limited

Yang Jie

Chairman

Hong Kong, 23 April 2019

FORWARD-LOOKING STATEMENTS

Certain statements contained in this announcement may be viewed as "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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from those implied by such forward-looking statements. In addition, the Company does 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 and other filings with the U.S. Securities and Exchange Commission.

As at the date of this announcement, the Board of Directors of the Company comprises Mr. Yang Jie, Mr. Li Yue and Mr. Dong Xin as executive directors and Dr. Moses Cheng Mo Chi, Mr. Paul Chow Man Yiu, Mr. Stephen Yiu Kin Wah and Dr. Yang Qiang as independent non- executive directors.

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China Mobile Ltd. published this content on 23 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 April 2019 11:13:09 UTC