Zhongxin Finance, January 19. On the evening of the 19th, China Telecom announced that from December 22, 2021 to January 19, 2022, the closing price of the company's stock has been lower than the adjusted price for 20 consecutive trading days. The net asset value of the shares has triggered the activation conditions for the above-mentioned share price stabilization measures.
According to the stock price stabilization plan, the company will determine specific stock price stabilization measures with the controlling shareholder China Telecom Group Co., Ltd. within 10 trading days from the day when the conditions for triggering the stock price stabilization measures are triggered (January 19, 2022). After internal decision-making procedures and external approval/filing procedures (if necessary), we will cooperate with relevant entities to implement such stock price stabilization measures, and will perform information disclosure obligations in a timely manner.
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