China Mobile Limited (00941) is committed to promoting high-quality sustainable development and further enhancing shareholder returns.

China Mobile Limited (00941) announced that the current new round of technological revolution and industrial transformation, with digitalization as its main feature, is deepening. Data, computing power, and artificial intelligence have become important driving factors for the new quality of productivity. With the joint efforts of high-quality data, high-performance computing power, and high-level algorithms, AI is accelerating its application, empowering thousands of industries and households, and will effectively promote the continuous enhancement of integrated innovation, industrial systems, enterprise operations, and information consumption, leading the economy and society from "Internet +" and "5G +" towards "AI +", entering the AI+ new era. As the world's top global network, customer base, revenue scale, leading innovation capability, brand value, market value, and profitability, China Mobile Limited (hereinafter referred to as the "Company") is continuously anchoring its development position as a world-class information service technology innovation company, strengthening innovation drive, enhancing core competitiveness, focusing on promoting high-quality sustainable development, and further enhancing shareholder returns. 1. Business performance In 2024, facing a complex external environment and many pressure challenges, the company has united and strived to grasp the important opportunities for the development of new quality of productivity brought to the information service industry, deepening the implementation of the "1-2-2-5" strategic implementation plan, solidly advancing the upgrading of "two new types", the "BASIC6" scientific and technological innovation, and the "AI+" action plan, fully releasing the vitality of reform and innovation, and achieving good operational performance. The company's total annual revenue in 2024 reached RMB 1.04 trillion, an increase of 3.1% year-on-year, with the main business revenue reaching RMB 889.5 billion, an increase of 3.0% year-on-year. In the four major markets of individuals, households, government and enterprises, and emerging markets, the proportion of revenue from households, government and enterprises, and emerging markets in the main business revenue reached 45.6%, an increase of 2.4 percentage points year-on-year. Digital transformation revenue reached RMB 278.8 billion, an increase of 9.9% year-on-year, accounting for 31.3% of the main business revenue, an increase of 1.9 percentage points from the previous year. Net profit attributable to the parent company's shareholders was RMB 138.4 billion, an increase of 5.0% year-on-year, with basic earnings per share of RMB 6.45, and profitability continuing to maintain a leading level among international first-class operators. Free cash flow was RMB 151.7 billion, an increase of 22.9% year-on-year. 2. Increase in controlling shareholder's holdings Since returning to A-share listing, the actual controlling shareholder, China Mobile Limited Communication Group Co., Ltd., has accumulated an increase of 42.367 million A-share shares in the company, with a total amount of approximately RMB 3 billion, successfully completing the A-share increase plan. 3. Share repurchase Since returning to A-share listing, the company has repurchased and cancelled a total of 18.529 million shares of Hong Kong shares, totaling approximately HKD 1.07 billion, of which 310,500 shares were repurchased and cancelled in 2024, amounting to approximately HKD 205 million. The company will consider the overall capital market situation and favorable conditions that comply with regulatory rules, and will repurchase shares at the opportune time when it is beneficial to protecting the interests of all shareholders. 4. Dividends and payouts The company attaches great importance to shareholder returns, with cumulative cash dividends of nearly HKD 1.4 trillion over more than twenty years of listing. The Board of Directors of the company has recommended a dividend payout ratio of 73% for the full year of 2024, distributing a dividend of HKD 2.49 per share (tax included) as of the end of the year ended December 31, 2024, along with an already distributed interim dividend, bringing the total annual dividend to HKD 5.09 per share (tax included), an increase of 5.4% year-on-year. The above profit distribution plan is subject to approval at the shareholders' meeting. To better reward shareholders and share the fruits of development, the company will gradually increase the distribution of profits in cash over the next three years to more than 75% of the profit attributable to shareholders for that year, considering profitability, cash flow conditions, and future development needs, continuously creating greater value for shareholders.