The board of directors of PCCW Limited announces that due to a change of nominee to the Board by China United Network Communications Group Company Limited ("Unicom"), a substantial shareholder of the Company, Mr. Shao Guanglu resigned as a Non-Executive Director of the Company and a member of the Remuneration Committee of the Board with effect from March 9, 2020; and Mr. Mai Yanzhou ("Mr. Mai") has been appointed as a Non-Executive Director of the Company and a member of the Remuneration Committee of the Board with effect from March 9, 2020. Mr. Shao has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. Mr. Mai, aged 50, is a Vice President of Unicom, Senior Vice President of China United Network Communications Limited, Senior Vice President of China Unicom (Hong Kong) Limited, and a Director and Senior Vice President of China United Network Communications Corporation Limited. Mr. Mai was Deputy General Manager of Guangdong Branch of China Network Communications Group Corporation, and Deputy General Manager of Guangdong Branch, General Manager of Fujian Branch and General Manager of Liaoning Branch of Unicom. Mr. Mai served as a deputy to the 12th National People's Congress. Mr. Mai is a professor level senior engineer, graduated from Zhengzhou University in 1991 and received a master's degree in Electronics and Information Engineering from Beijing University of Posts and Telecommunications in 2002. Mr. Mai has extensive experience in management and telecommunications industry. Save as disclosed above, Mr. Mai has not held any other directorships in the last three years in any public companies the securities of which are listed on any securities market in Hong Kong or overseas. Other than the positions disclosed above, Mr. Mai does not hold any position in the Company and does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. As at the date of this announcement, Mr. Mai does not have any interest in the shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Pursuant to his letter of appointment as a Non-Executive Director of the Company, Mr. Mai is appointed for a term of three years subject to retirement by rotation at least once every three years and re-election at the annual general meetings of the Company pursuant to the articles of association of the Company. He is entitled to an annual fee of HKD 248,800 to act as a Non-Executive Director of the Company, which is determined with reference to his responsibilities with the Company and the Company's remuneration policy.