China Telecom announced on the evening of January 19 that the closing price of the company's shares has been lower than the adjusted net asset value per share for 20 consecutive trading days, triggering the conditions for the launch of measures to stabilize the stock price. The Company will, in accordance with the stock price stabilization plan, within 10 trading days from the date of triggering the conditions for initiating the price stabilization measures (January 19, 2022), determine specific share price stabilization measures with the controlling shareholder, China Telecom Group Co., Ltd., and after completing the relevant internal decision-making procedures and external approval/filing procedures (if necessary), cooperate with relevant entities to implement such price stabilization measures, and will fulfill the information disclosure obligations in a timely manner.
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