General Announcement::DEQUOTATION ON GLOBALQUOTE: CHINA TELECOM CORPORATION, CHINA MOBILE, CHINA UNICOM (HK) ADRS

Issuer & Securities

Issuer/ Manager
BANK OF NEW YORK MELLON
Securities
CHINA TELECOM ADR 10 - US1694261033 - K3ED
CHINA UNICOM HK LTD ADR 10 - US16945R1041 - K3ID
CHINAMOBILE ADR 10 - US16941M1099 - K3PD
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-May-2021 13:55:05
Status
New
Announcement Sub Title
DEQUOTATION ON GLOBALQUOTE: CHINA TELECOM CORPORATION, CHINA MOBILE, CHINA UNICOM (HK) ADRS
Announcement Reference
SG210524OTHRSE6I
Submitted By (Co./ Ind. Name)
SINGAPORE EXCHANGE REGULATION PTE. LTD.
Designation
SINGAPORE EXCHANGE REGULATION
Description (Please provide a detailed description of the event in the box below)
In view of the decision taken by the New York Stock Exchange (NYSE) to remove from listing and registration of the ADRs of China Telecom Corporation Limited, China Mobile Limited and China Unicom (Hong Kong) Limited (collectively, the ADRs) on 18 May 2021, Singapore Exchange Regulation will cease the quotation of the ADRs on GlobalQuote after SGX-ST market close on 24 May 2021.

Investors have the following options:

1. Transfer the ADRs into their account with a U.S. broker using the attached CDP form Request for Cross-Border Securities Transfer (USA) . After which, they may continue to hold the ADRs with the U.S. broker or sell the ADRs over the counter in the U.S.

2. Convert the ADRs to the underlying shares listed on Hong Kong Exchange. Investors can refer to the attached SGX ADR conversion guide for conversion steps.

If holders of the Company's ADRs do not take any action by 30 July 2021, CDP will liquidate the Company's ADRs held with CDP and return the proceeds to investors. CDP will absorb the costs related to the sale.

Investors may refer to the US Securities and Exchange Commission EDGAR, https://www.sec.gov/edgar.shtml, for the latest company filings.

Attachments

SGX ADR CONVERSION GUIDE February 2020.pdf
Request for Cross Border Securities Transfer USA.pdf
Total size =3939K

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.