China Unicom announces 2026-2028 service and financial agreements

China United Network Communications Co., Ltd. (China Unicom) announced new comprehensive service and financial agreements for the 2026-2028 period with China United Network Communications Group Co., Ltd. (Unicom Group) and China Unicom Finance Co., Ltd. These agreements were approved by the board of directors and audit committee on September 18, 2025. The audit committee affirmed that these daily connected transactions adhere to fair and equitable trading principles, reasonable pricing, and serve the interests of both the company and its shareholders.

The Comprehensive Service Agreement between Unicom Operating Company and Unicom Group covers communications resource usage, property leasing, telecommunications value-added services, material procurement, engineering design, construction, IT services, and shared services. Projected annual transaction caps for 2026-2028 are RMB 100.0 bn each year.

The Financial Services Agreement between Unicom Finance Co., Ltd. and Unicom Group includes deposit services (principal and accrued interest), loan and other credit services, and other financial services like settlement and entrusted loans. The projected annual transaction caps for 2026-2028 are RMB 82 bn for deposit services (principal and accrued interest), RMB 2 bn for deposit services (interest expense), RMB 81 bn for loan and other credit services, and RMB 1 bn for other financial services. Unicom Group, holding 36.46% of China Unicom's equity, is the controlling shareholder.