China Communications Services proposes H share repurchase to boost confidence

China Communications Services Corporation Limited has announced upcoming General Meetings to consider a special resolution for a general mandate to repurchase H Shares. The Extraordinary General Meeting (EGM), Domestic Shareholders' Class Meeting, and H Shareholders' Class Meeting are scheduled for Thursday, 22 January 2026, in Beijing.

The proposed Repurchase Mandate would authorize the board to repurchase up to 10% of the issued H Shares (excluding Treasury Shares) as of the date the resolutions are approved. This mandate is intended to strengthen investor confidence, increase earnings per share, and enhance overall shareholder returns. The company plans to finance any repurchases through its internal resources.

As of 19 December 2025, the company had 2,391,420,240 H Shares in issue. If the mandate is exercised in full, China Communications Services could repurchase up to 239,142,024 H Shares. The board believes that such repurchases, if effected, would not materially adversely impact the company's working capital or gearing.