China Unicom (Hong Kong) Limited 2020 Annual Report on Form 20-F Filed With the SEC

Rhea-AI Summary

China Unicom (Hong Kong) Limited has filed its 2020 Annual Report on Form 20-F with the U.S. SEC for the year ending December 31, 2020. This report is accessible on the Company’s Investor Relations website and the SEC’s website. Shareholders can request a hard copy of the complete audited financial statements at no charge. Additionally, the Company is addressing the delisting of its American Depositary Shares (ADSs) following an Executive Order from November 2020, and it has filed for a review of this determination with the NYSE.

Positive

• Filed the 2020 Annual Report on Form 20-F, increasing transparency for investors.
• Accessibility of financial statements via Investor Relations enhances shareholder engagement.

Negative

• Delisting proceedings for ADSs could impact stock liquidity and shareholder value.

China Unicom (Hong Kong) Limited and its subsidiaries (“China Unicom” or “the Company” and “the Group”) (HKEx: 0762; NYSE: CHU*) announced that the Company filed its Annual Report on Form 20-F for the year ended December 31, 2020 (the “2020 Form 20-F”) with the U.S. Securities and Exchange Commission (the “SEC”).

The 2020 Form 20-F is available on the Investor Relations section of the Company’s website at https://www.chinaunicom.com.hk and on the SEC’s website at https://www.sec.gov. Shareholders may also request a hard copy of the Company’s complete audited financial statements, free of charge, by contacting the Company at Investor Relations Department:

China Unicom (Hong Kong) Limited
Tel: +852 2126 2018
Fax: +852 2126 2016
Email: ir@chinaunicom.com.hk
Address: 75/F, The Center, 99 Queen’s Road Central, Hong Kong

*Based on the Executive Order 13959 issued on 12 November 2020 by the former President of the United States and the guidance by the US Department of Treasury's Office of Foreign Assets Control, NYSE staff determined to commence proceedings to delist the Company's ADSs and suspended trading in the Company's ADSs from 11 January 2021. In order to protect the interests of the Company and its shareholders, on 20 January 2021, the Company filed with the NYSE a written request for a review of the determination by a Committee of the Board of Directors of the NYSE. Please refer to the Company's announcement dated 21 January 2021 for details.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210421006112/en/

FAQ

What is the significance of China Unicom's 2020 Form 20-F filing?

The filing provides investors with audited financial statements and regulatory compliance details.

How can shareholders access China Unicom's financial statements?

Shareholders can view the financial statements on the company's Investor Relations website or request a hard copy for free.

What are the implications of the delisting of China Unicom's ADSs?

The delisting could affect the stock's liquidity and potentially reduce its market value.

When did China Unicom file for a review of its delisting?

China Unicom requested a review of the NYSE's delisting determination on January 20, 2021.