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Investor Factsheet (May 2021) Solid and Stable 2020 Results 5G: Healthy Momentum with Meaningful Benefits of Co-Build and Co-Sha

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Investor Factsheet (May 2021) Solid and Stable 2020 Results 5G: Healthy Momentum with Meaningful Benefits of Co-Build and Co-Sha Investor Factsheet (May 2021) www.chinatelecom-h.com HKEX: 728 China Telecom Corporation Limited is a large-scale and leading integrated intelligent information services operator in the world, providing wireline & mobile telecommunications services, Internet access services, information services and other value-added telecommunications services primarily in the PRC. The Company’s H shares are listed on Main Board of The Stock Exchange of Hong Kong Limited. Solid and Stable 2020 Results Robust Business Development Focused on high-quality development with 1 Mobile subs operating results maintained positive trend Industry market share No. 2, 1.1p.p. 351Mil Healthy 5G momentum with co-build and 2 co-share bearing fruits Mobile subs net add >15Mil – Industry-best Smart Family and broadband mutually The only telco in industry with mobile subs growth in 2020 3 Mobile promoted with scale and value both enhanced Mobile service revenue3.5% - Industry-leading Industrial Digitalization led in scale with Value restoration continued – Mobile ARPU further stabilized 4 Overall Cloud continued rapid growth Strengthening sci-tech innovation to boost intrinsic 5 Wireline broadband subs power for corporate high-quality development Strong revenue growth 159Mil Deepening “Cloudification & Digital 3.9% Smart Family 6 Transformation” strategy for future development 37.5% Smart Broadband ARPU e-Surfing Whole- e-Surfing Family turnaround Service revenue EBITDA Net profit HD home WiFi Webcam Access Blended 373.8Bil 118.9Bil 20.9Bil 15.3% 110% 775% 0.8% 4.2% 4.5% 1.4% 1.6% Growth rate above industry Revenue average 84.0Bil 9.7% Overall user satisfaction Industry-leading Industrial Industry Network Digitalization IDC IoT Note: 1. Net profit represents profit attributable to equity holders of the Company Cloud Dedicated Line … 2. Unless otherwise specified, all revenues, EBITDA, net profit & ARPUs are 28.0Bil 11.2Bil 19.7Bil 2.2Bil denominated in RMB and all growths are year-on-year 3. Source of industry service revenue growth in 2020 and user satisfaction 10.1% 58.0% 0.3% 16.1% ranking: Ministry of Industry and Information Technology (MIIT) 5G: Healthy Momentum with Meaningful Benefits of Co-build and Co-share Healthy business momentum in 2C and 2B 5G package subs penetration 2C 2B 24.6% • 1st to launch 5G cloud handset, “e-Surfing One”, for • ≈1,900 of customers secured; >1,100 use cases cloud/handset duo experience • Established application capability platform for • Offered new, flexible, highly-efficient office products, education, telemedicine, industrial vision, urban and 5G package subs such as e-Surfing Cloud PC, cloud desktop, etc. transportation management • Enriched content with e-Surfing UHD, cloud VR, cloud • Launched 5G customized network with 3 modes to 86.50Mil games, etc. match customer needs Co-build and co-share: 1+1>2 5G ARPU 65.6 5G CAPEX 5G BTS in use 2021 5G CAPEX 5G BTS in use 2020 39.2Bil 380k plan 39.7Bil 700k 4G upgrade • Contiguous coverage in outdoor areas for all • Coverage to extend to all counties and certain ARPU uplift prefecture level or above cities and certain developed towns developed counties, and indoor coverage for key • To deploy on demand: ≈10% buildings Mid-to-high traffic areas – 3.5GHz for large • World's 1st peak network speed of 2.7Gbps bandwidth and high capacity • >RMB60Bil capex savings for both parties Counties and developed towns – 2.1GHz for throughout the year, and substantial savings for medium capacity 5G DOU electricity, tower rentals, maintenance and repair 5G customized networks and other costs • To promote industry-wide co-build and co-share 13.4GB in rural areas, railways and highways Industry-leading IDC Resources Scale Rapid Cloud development Abundant resources and high utilization with clear edges Differentiated edges forge leadership ≈700 sites 420k cabinets Cabinet utilization rate Overall Cloud nationwide revenue Public cloud IaaS market share ranking Overall Tier-1 cities Industry No. 1 ≈70% 73% 13.8Bil Global Among telcos 3p.p. 58.4% No. 7 No. 1 • % of IDC in Tier-1 cities: 50% Cloud-network Cloud-edge Cloud product • 5-star+ sites: 4; 5-star sites: 43; 4-star sites: 88 integration coordination capabilities • Millisecond-grade latency Cloud: 2+4+31+X+O Deployed edge Full stack cloud • IDCs allow multi-cloud and multi-line access layout computing capabilities servicing capabilities, • Massive no. of edge sites to forge cloud-edge coordination capability Network: Cloud/IDC- with massive no. of proprietary key core • High-speed Internet access creates advantage in connections to cater low centric networking edge sites technologies of e- latency demand Surfing Cloud, e-Surfing • Flexible, convenient, secure and reliable; smart cloud access on demand, Cloud application networking and inter-cloud services platform • Competitive edge: Network, cloud-network integration, rich experience on information security and archival administration Security and reliability Platform capability Note: 1. Source of IDC business overall ranking in PRC: China Internet Weekly Enhanced security capability of Aggregated 10 fundamental 2. Source of public cloud IaaS ranking: Released by IDC in 2019 blocking DDoS attacks from the capabilities such as communications, 3. Overall Cloud includes Industry Cloud, Family Cloud and access service directly related to origin AI, Big Data, IoT, etc cloud, etc. Thoroughly Implementing “Cloudification & A Share IPO: New Opportunity for Reform Digital Transformation” Strategy and Development Grasping opportunities, accelerating reform, improving governance, diversifying financing and increasing value Foster High-quality Seize business Higher differentiated Listing Place Plan to list on the Main Board of the Shanghai Stock Exchange development opportunities efficiency edges Offering Size <12.093 Bil A Shares (prior to over-allotment, i.e. <13% of the Cloud-network integration total issued share capital) Target Individual and institutional investors; placement to strategic Internal and external digital transformation Subscribers investors Use of 5G Industrial Internet R&D of Sci-tech innovation Sci-tech innovation Proceeds Cloud-network integration new information infrastructure Mechanism and structural reform Timetable Obtained shareholders’ approval on 9 April; application to be approved by regulator 2021 Key Targets Recognition & Awards Mobile subs net add Broadband subs net add 12Mil 5Mil In which: 5G package subs net add CAPEX 87.0Bil 80Mil 2.6% Share Information IR Contact As at 31 Dec 2020 Ms. Lisa Lai Email [email protected] Closing Prices Market Capitalization Mr. Nick Fung IR Enquiry (852) 2582 0388 H Share HK$2.15 HK$174.0 billion/ Fax (852) 2877 0988 ADS US$27.55 US$22.3 billion Address 28/F., Everbright Centre, ADS to ODS Ratio 1:100 108 Gloucester Road, No. of Issued Shares 80,932,368,321 Wan Chai, Hong Kong Board Lot 2,000 Chairman & CEO Mr. Ke Ruiwen International Auditor Deloitte Touche Tohmatsu For further information, please browse our website at Place of Incorporation The PRC www.chinatelecom-h.com Financial Year End 31 December Certain statements contained in this document may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E Note: On 6 January 2021 (US Eastern standard time), New York Stock Exchange, following reversal of the U.S. Securities Exchange Act of 1934 (as amended). Such forward-looking statements are of a similar decision announced on 31 December 2020 (US Eastern standard time), announced that subject to known and unknown risks, uncertainties and other factors, which may cause the actual it had determined to commence delisting proceedings of our ADSs to comply with Executive Order performance, financial condition or results of operations of China Telecom Corporation Limited (the 13959 signed by the President of the United States, and thereafter suspended trading in our ADSs “Company”) to be materially different from any future performance, financial condition or results of on 11 January 2021 (US Eastern standard time). On 20 January 2021 (US Eastern standard time), operations implied by such forward-looking statements. In addition, we do not intend to update we filed a written request with New York Stock Exchange for a review of its determination. As of the these forward-looking statements. Further information regarding these risks, uncertainties and date of this Investor Factsheet, the review committee of New York Stock Exchange has not made its other factors is included in the Company’s most recent Annual Report on Form 20-F filed with the decision on whether to reverse the delisting determination U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC..
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