46
China Communications Services Corporation Limited Annual Report 2015
REPORT OF THE DIRECTORS
According to the equity transfer agreement between China Telecom and China National Postal and Telecommunications
Appliances Corporation on 28 May 2010, China Telecom agreed to transfer 108,899,720 domestic shares of the Company to
China National Postal and Telecommunications Appliances Corporation. On 21 June 2011, the equity transfer was formally
completed.
Pursuant to the resolutions passed at the extraordinary general meeting, H shareholders class meeting and the domestic
shareholders class meeting of the Company held on 28 June 2011 and as approved by domestic and overseas regulatory
authorities, the Company announced the launch of H share and domestic share rights issue plan of an aggregate of 1,154,336,400
new shares, including 398,570,040 H rights shares and 755,766,360 domestic rights shares on the basis of 2 rights shares for
every 10 existing shares on 30 December 2011 at the price of HK$3.19 per H rights share and RMB2.59 per domestic rights
share, respectively. On 10 February 2012, the H rights shares were traded on the Stock Exchange. After completion of the rights
issue, the total number of issued shares of the Company was increased to 6,926,018,400 shares, including 2,391,420,240 H
shares and 4,534,598,160 domestic shares.
As at 31 December 2015, the share capital of the Company was RMB6,926,018,400 divided into 6,926,018,400 shares of
RMB1.00 each. The share capital of the Company was comprised of the following:
Shares
Number of
shares
Approximate
percentage of
issued share
capital (%)
Domestic shares (Total)
4,534,598,160
65.47%
Domestic shares held by:
China Telecommunications Corporation
3,559,362,496
51.39%
China Mobile Communications Corporation
608,256,000
8.78%
China United Network Communications Group Company Limited
236,300,000
3.41%
China National Postal and Telecommunications Appliances Corporation
130,679,664
1.89%
H shares (Total)
2,391,420,240
34.53%
Total
6,926,018,400
100.00%
