China Telecom Corporation Limited (Stock Code: 728) issued an announcement on 21 November 2025 regarding proposed amendments to its Articles of Association. The changes are designed to align with the recently revised Company Law of the People’s Republic of China (2023 Revision), regulatory rules from the China Securities Regulatory Commission (CSRC), and pertinent listing requirements in jurisdictions where the company’s shares are listed.
The announcement outlines plans to abolish the current Supervisory Committee. The company will establish an Audit Committee under the Board of Directors to fulfill the Supervisory Committee’s responsibilities. In conjunction with the Articles of Association revisions, related amendments are also being proposed for the Rules of Procedures of the Shareholders’ General Meeting and the Rules of Procedures of the Meeting of the Board of Directors. The Board highlighted that these amendments reflect both new regulatory requirements and the organization’s operational needs, including clarifications on its scope of business.
The proposed amendments to the Articles of Association and the abolition of the Supervisory Committee, along with the changes to the Rules of Procedures of the Shareholders’ General Meeting, will be subject to approval via special resolutions at an extraordinary general meeting (EGM), as well as at A and H shareholders’ class meetings. Any amendments to the Rules of Procedures of the Meeting of the Board of Directors will be subject to a special resolution at the EGM. Upon the relevant approvals, the new rules will take effect, and the Supervisory Committee will be discontinued. The circular detailing these proposals is scheduled for dispatch to shareholders in due course.
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