Basic HTML Version
1
/ China Communications Services Corporation Limited /
Chairman’s Statement
Enhancing Efficiency through Strengthened Management
Over the course of the year, the Group further promoted high-efficiency management practices focusing on six
core areas including collaboration management, subcontracting management, human resource management, fund
management, projects management and contract management. Among which, remarkable progress and results
were achieved in the integration of legal entities within the Group, business collaboration and centralized fund
management. The above measures further enhanced the Group’s operational efficiency and bolstered the Group’s
simultaneous enhancement in scale and efficiency.
Corporate Governance
While strictly complying with relevant laws and regulations, the Group is continually striving to further strengthen its
internal control and risk management procedures and is in the process of enhancing its IT support system for internal
control in order to improve its corporate governance standards and transparency. The Group’s persistent efforts in
fostering sound corporate governance have been recognized by capital market: the Group was once again awarded a
Gold Award in “The Asset Corporate Awards 2011” and recognized as one of “China’s Most Promising Companies
2011” in the telecommunications category by
The Asset
, a respected financial magazine in Asia. Moreover, the
Group was given one of the “Best Investor Relations by a China Company” awards in the “Asian Excellence
Recognition Awards” 2011 by
Corporate Governance Asia
, a respected journal on Corporate Governance in Asia.
Corporate Social Responsibility
The Group has always been committed to corporate social responsibility. The Group has been actively participating
in the rescue and relief work in the provinces along the Yangtze River and providing emergency communications
support and maintenance for domestic telecommunications operators. All of these demonstrated our sound social
responsibilities. In addition, the Group also received high profile recognition by the government and the media by
undertaking the construction and maintenance of communications systems for major national events proactively,
such as the Xi’an Horticultural Expo and the Universiade Shenzhen 2011, and promoting energy saving and emission
reduction.
Rights Issue
With strong shareholder support, the Group successfully completed the rights issue of H shares and domestic
shares in February 2012 and recorded over-subscription for the rights shares. The Group believes the proceeds from
the rights issue will provide strong financial support for the implementation of various opportunities, including its
expansion into domestic non-operator market and overseas market, strategic acquisitions and joint ventures, as well as
research and development, thus bolstering the Group’s long-term development.