Chairman Li Rongrong Met with President of Telefónica

On November 11, Chairman Li Rongrong met with César Alierta, President of Telefónica. Telefónica and China Unicom crossly hold each other’s shares. Presently, the former is the largest foreign shareholder of the latter, with a share of about 8.37%; while the latter holds a share of nearly 1% of the former. Mr. Alierta expressed the hope of further strengthening cooperation between Telefónica and China Unicom, which Mr. Li Rongrong encouraged and supported.