China Mobile sets 21 May 2026 AGM: seeks 10% Hong Kong-share buy-back mandate, RMB2.72 billion guarantees and board re-elections

China Mobile Limited will convene its 2026 annual general meeting (AGM) on 21 May 2026 in Hong Kong. Key resolutions are summarised below.

Buy-back mandate • The board requests authority to repurchase up to 10% of issued Hong Kong-listed shares (approximately 2.08 billion shares, based on 20.76 billion shares outstanding as of 8 April 2026). • Repurchased shares may be cancelled or, where permitted, held as treasury stock. • Funding will come from internal cash flow and existing facilities; the board does not expect any material impact on working-capital or gearing levels. • No share buy-backs occurred in the six months to 8 April 2026.

Share issuance mandate • An ordinary resolution will allow the board to allot, issue or transfer additional shares— including treasury shares—up to 20% of issued capital, extendable by the number of shares repurchased under the buy-back mandate.

Dividend proposal • A final dividend of HK$2.52 per share for FY 2025 is proposed, payable on or about 24 June 2026 to shareholders on record as of 11 June 2026. • The Hong Kong share register will close 9–11 June 2026 for dividend entitlement and 18–21 May 2026 for AGM attendance.

External guarantees • Subsidiaries China Mobile Finance and China Mobile International plan to provide non-financial guarantees in 2026 totalling no more than RMB2.72 billion: – China Mobile Finance: up to RMB2.50 billion. – China Mobile International: up to RMB0.22 billion. • Beneficiaries are domestic and overseas units with liabilities-to-assets ratios above 70%. The guarantee facility runs until the 2027 AGM.

Board and auditor matters • Executive Chairman Chen Zhongyue seeks re-election; independent non-executive directors (INEDs) Lee Ka Sze Carmelo and Leung Ko May Yee Margaret also stand for re-election. • The company proposes re-appointing KPMG and KPMG Huazhen LLP as joint auditors for 2026.

Shareholder structure • Ultimate parent China Mobile Communications Group Co., Ltd. holds 68.75% of issued shares; full utilisation of the buy-back mandate would lift its stake to 76.04%, still within Takeovers Code thresholds.

Share-price context • Over the twelve months to April 2026, the Hong Kong-listed shares traded between HK$75.85 and HK$90.60.

The board states that all proposed mandates and guarantees have been approved internally and will be submitted to shareholders for final approval at the AGM.