Blue Whale TMT Channel, February 25, China Telecom announced that in view of the downside of the American Depositary Shares and the termination of the American Depositary Share Plan, the Company intends to file Form 15F with the American Securities Exchange on the date of this announcement to cancel the registration of the American Depositary Shares and terminate its reporting obligations under the Securities exchange act of 1934 (as amended). Unless the Company withdraws or the SEC rejects the application, the application for cancellation and termination of the reporting obligation will take effect ninety days after the submission of the form.
It is reported that the New York Stock Exchange filed Form 25 with the U.S. Securities and Exchange Commission on May 7, 2021, and the delisting of China Telecom's American Depositary Shares became effective on May 18, 2021. China Telecom resolved on September 9, 2021 to terminate the American Depositary Share Program, and the termination of the American Depositary Share Plan became effective on December 8, 2021 (Eastern Time).
In January 2021, the New York Stock Exchange announced the initiation of the delisting process for the American Depositary Shares of china mobile and other three major telecom operators, and the three major operators were officially delisted in the United States in May 2021. China Telecom said it would continue to comply with its financial reporting and other responsibilities as a listed issuer in accordance with the rules governing the listing of securities on The Stock Exchange of Hong Kong Limited and the rules governing the listing of shares on the Shanghai Stock Exchange.