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Prospectus, You Should Obtain Independent Professional Advice CHINA TOWER CORPORATION LIMITED CORPORATION TOWER CHINA 中國鐵塔股份有限公司 中國鐵塔股份有限公司 CHINA TOWER CORPORATION LIMITED (A joint stock company incorporated in the People's Repubic of China with limited liability) Stock Code: 0788 GLOBAL OFFERING Joint Sponsors Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers Joint Bookrunners and Joint Lead Managers (in alphabetical order) 中信建投國際CHINA SECURITIES INTERNATIONAL IMPORTANT IMPORTANT: If you are in any doubt about this prospectus, you should obtain independent professional advice. China Tower Corporation Limited 中國鐵塔股份有限公司 (A joint stock company incorporated in the People’s Republic of China with limited liability) Number of Offer Shares under the : 43,114,800,000 H Shares (subject to the Global Offering Over-allotment Option) Number of Hong Kong Offer Shares : 2,155,740,000 H Shares (subject to adjustment) Number of International Offer Shares : 40,959,060,000 H Shares (subject to adjustment and the Over-allotment Option) Maximum Offer Price : HK$1.58 per H Share, plus brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005% (payable in full on application in Hong Kong dollars and subject to refund) Nominal value : RMB1.00 per H Share Stock code : 0788 Joint Sponsors Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers Joint Bookrunners and Joint Lead Managers (in alphabetical order) Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus. A copy of this prospectus, having attached thereto the documents specified in the paragraph headed “Appendix VIII — Documents Delivered to the Registrar of Companies in Hong Kong and Available for Inspection” to this prospectus, has been registered by the Registrar of Companies in Hong Kong as required by Section 342C of the Companies (Winding up and Miscellaneous Provisions) Ordinance, Chapter 32 of the Laws of Hong Kong. The Securities and Futures Commission of Hong Kong and the Registrar of Companies in Hong Kong take no responsibility as to the contents of this prospectus or any other documents referred to above. The Offer Price is expected to be fixed by agreement between the Joint Representatives (on behalf of the Joint Bookrunners and the Underwriters) and us on the Price Determination Date. The Price Determination Date is expected to be on or around Wednesday, August 1, 2018 (Hong Kong time) and, in any event, not later than Tuesday, August 7, 2018 (Hong Kong time). The Offer Price will be not more than HK$1.58 and is currently expected to be not less than HK$1.26 per Offer Share. If, for any reason, the Offer Price is not agreed by Tuesday, August 7, 2018 (Hong Kong time) between the Joint Representatives (on behalf of the Joint Bookrunners and the Underwriters) and us, the Global Offering will not proceed and will lapse. Applicants for Hong Kong Offer Shares are required to pay, on application, the maximum Offer Price of HK$1.58 for each Hong Kong Offer Share together with brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005%, subject to refund if the Offer Price as to be finally determined is less than HK$1.58. The Joint Representatives (on behalf of the Joint Bookrunners and the Underwriters) with our consent may, where considered appropriate, reduce the number of Hong Kong Offer Shares and/or the indicative Offer Price range below that is stated in this prospectus (which is HK$1.26 to HK$1.58) at any time prior to the morning of the last day for lodging applications under the Hong Kong Public Offering. In such a case, notices of the reduction in the number of Hong Kong Offer Shares and/or the indicative Offer Price range will be published in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese) as soon as practicable following the decision to make such reduction, and in any event not later than the morning of the day which is the last day for lodging applications under the Hong Kong Public Offering. Such notices will also be available on the website of the Company at www.china-tower.com and on the website of the Hong Kong Stock Exchange at www.hkexnews.hk. Further details are set forth in “Structure of the Global Offering” and “How to Apply for the Hong Kong Offer Shares” in this prospectus. We are incorporated in, and all of our operating revenue is derived from, the PRC. Potential investors should be aware of the differences in the legal, economic and financial systems between the PRC and Hong Kong and that there are different risk factors relating to investment in PRC incorporated businesses. Potential investors should also be aware that the regulatory framework in the PRC is different from that in Hong Kong and should take into consideration the different market nature of the H Shares. Such differences and risk factors are set out in “Risk Factors,” “Appendix V — Summary of Certain Legal and Regulatory Matters” and “Appendix VI — Summary of Articles of Association” to this prospectus. The obligations of the Hong Kong Underwriters under the Hong Kong Underwriting Agreement are subject to termination by the Joint Representatives (on behalf of the Joint Bookrunners in relation to the Hong Kong Public Offering and the Hong Kong Underwriters) if certain grounds arise prior to 8:00 a.m. on the Listing Date. See “Underwriting — Underwriting Arrangements and Expenses — Hong Kong Public Offering — Grounds for termination” of this prospectus. The Offer Shares have not been and will not be registered under the U.S. Securities Act or any state securities law in the United States and may be offered and sold only (a) in the United States to “Qualified Institutional Buyers” in reliance on Rule 144A under the U.S. Securities Act or another exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act and (b) outside the United States in an offshore transaction in accordance with Regulation S under the U.S. Securities Act. July 25, 2018 EXPECTED TIMETABLE(1) Latest time for completing electronic applications under White Form eIPO service through the designated website www.eipo.com.hk(2) .............. 11:30 a.m. on Tuesday, July 31, 2018 Application lists open(3) ............................ 11:45 a.m. on Tuesday, July 31, 2018 Latest time for lodging WHITE and YELLOW Application Forms .............................. 12:00 noon on Tuesday, July 31, 2018 Latest time for giving electronic application instructions to HKSCC(4) ......................... 12:00 noon on Tuesday, July 31, 2018 Latest time for completing payment for White Form eIPO applications by effecting Internet banking transfer(s) or PPS payment transfer(s) ......... 12:00 noon on Tuesday, July 31, 2018 Application lists close(3) ........................... 12:00 noon on Tuesday, July 31, 2018 Expected Price Determination Date(5) .......................... Wednesday, August 1, 2018 Announcement of: • the Offer Price; • the level of applications in the Hong Kong Public Offering; • the level of indications of interest in the International Offering; and • the basis of allotment of the Hong Kong Offer Shares to be published in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese), and on the website of the Hong Kong Stock Exchange at www.hkexnews.hk(6) and the Company’s website at www.china-tower.com(6) on..............Tuesday, August 7, 2018 Announcement of results of allocations in the Hong Kong Public Offering (including successful applicants’ identification document numbers, where appropriate) will be available through a variety of channels (see “How to Apply for the Hong Kong Offer Shares — 11. Publication of Results”) from ..................... Tuesday, August 7, 2018 —i— EXPECTED TIMETABLE(1) Results of allocations in the Hong Kong Public Offering will be available at www.iporesults.com.hk (alternatively: English https://www.eipo.com.hk/en/Allotment; Chinese https://www.eipo.com.hk/zh-hk/Allotment) with a “search by ID” function from .......................... Tuesday, August 7, 2018 H Share certificates in respect of wholly or partially successful applications to be despatched or deposited into CCASS on or before(7) ......................... Tuesday, August 7, 2018 White Form e-Refund payment instructions/refund cheques in respect of wholly or partially unsuccessful applications to be despatched on or before(8) (9)................... Tuesday, August 7, 2018 Dealings in the H Shares on the Hong Kong Stock Exchange expected to commence at 9:00 a.m. on ............... Wednesday, August 8, 2018 The application for the Hong Kong Offer Shares will commence on Wednesday, July 25, 2018 through Tuesday, July 31, 2018, being slightly longer than normal market practice of four days. The application monies (including the brokerages, SFC transaction levies and Hong Kong Stock Exchange trading fees) will be held by the receiving banks on behalf of the Company and the refund monies, if any, will be returned to the applicants without interest on Tuesday, August 7, 2018. Investors should be aware that the dealings in the H Shares on the Stock Exchange are expected to commence on Wednesday, August 8, 2018. Notes: (1) All dates and times refer to Hong Kong local time, except as otherwise stated. For details of the structure of the Global Offering, including conditions of the Hong Kong Public Offering, see “Structure of the Global Offering.” (2) You will not be permitted to submit your application to the White Form eIPO Service Provider through the designated website at www.eipo.com.hk after 11:30 a.m.
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