CHA China Telecom Corp Ltd

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Exhibit 1.1

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

China Telecom Corporation Limited

中国电信股份有限公司

(A joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 728)

KEY FINANCIAL AND PERFORMANCE INDICATORS

FOR THE FIRST QUARTER OF 2021

In order to further enhance the transparency of the Group and to enable shareholders, investors and the general public to better appraise the operational performance of the Group, the board of directors (the “Board”) of China Telecom Corporation Limited (the “Company”, together with its subsidiaries, the “Group”) announces certain selected unaudited key financial and performance indicators of the Group for the first quarter of 2021.

A-1

Financial Data (Extracted from financial records prepared in accordance with International Financial Reporting Standards)

A-2

For the first quarter of 2021, the Company firmly seized opportunities emerging from the digital transformation of the economy and society and promoted the “Cloudification and Digital Transformation” strategy on all fronts, achieving apparent enhancement in operating results. Operating revenues were RMB106,873 million, representing an increase of 12.7% over the same period of last year. Service revenues were RMB100,078 million, representing an increase of 8.6% over the same period of last year with the growth rate continuously surpassing the industry average.

For the first quarter of 2021, mobile service revenues of the Group amounted to RMB48,417 million, representing an increase of 8.1% over the same period of last year. Wireline service revenues amounted to RMB51,661 million, representing an increase of 9.1% over the same period of last year. The Company persisted in achieving a valuable scale expansion in the mobile subscriber market. With continuous and rapid penetration of 5G, the number of 5G package subscribers reached approximately 111 million with a penetration rate of 31.2% while the number of mobile subscribers was approximately 356 million with a net addition of 5.23 million. The handset data traffic² increased by 43.9% over the same period of last year. Mobile ARPU was RMB45.6, representing an increase of 2.7% over the same period of last year and becoming stabilised with an upward trend. The Company continuously promoted the integration and upgrade of family informatisation services, achieving enhancement of the overall value of Smart Family. Revenues from wireline broadband access amounted to RMB18,915 million, representing an increase of 9.8% over the same period of last year. Broadband access ARPU amounted to RMB39.4, representing an increase of 4.8% over the same period of last year. Revenue from Smart Family maintained rapid growth and its value contribution became increasingly prominent. Broadband blended ARPU³ amounted to RMB46.3, representing an increase of 6.9% over the same period of last year. The Company strengthened informatisation expansion capabilities as well as operational vitality in government and enterprise market. Revenues from Industrial Digitalisation⁴ grew rapidly and reached RMB23,872 million, representing an increase of 13.4% over the same period of last year and maintaining the industry-leading position in terms of revenue size and market share.

A-3

For the first quarter of 2021, the operating expenses of the Group increased by 13.6% over the same period of last year. Benefiting from the Company’s focus on demand orientation together with the full efforts in promoting network co-building and co-sharing as well as precision control over capital expenditure, the depreciation and amortisation expenses increased by 2.6% over the same period of last year. In order to support the development of 5G and Industrial Digitalisation services, the Company continuously optimised network quality and capabilities while improving user perception. The network operations and support expenses increased by 13.6% over the same period of last year while the Company will take effective measures to control the increase in the relevant costs. The selling, general and administrative expenses increased by 12.4% over the same period of last year which was mainly attributable to the increase in selling expenses for the period while there was a decline in marketing activities in the same period in year 2020 as a result of the epidemic. In 2021, the Company will continuously endeavour to control the increase in selling expenses while maintaining the necessary deployment in marketing resources to firmly seize the 5G development opportunity. The personnel expenses increased by 8.2% over the same period of last year, which was mainly due to the Company’s increased recruitment of high-tech talents to strengthen the corporate sci-tech innovation capabilities and increased incentives for frontline employees and high performance teams so as to enhance employees’ vitality. Other operating expenses increased by 86.8% over the same period of last year which was mainly attributable to the significant increase in the scale of mobile terminals sold as a result of the rapid popularisation of 5G. The Company continued to enhance capital management capabilities and implemented financing precision management, which effectively controlled the level of indebtedness. As a result, the net finance costs decreased by 37.3% over the same period of last year. The investment income and share of profits of associates decreased by 1.2% over the same period of last year. The profit attributable to equity holders of the Company was RMB6,441 million, representing an increase of 10.6% over the same period of last year. EBITDA⁵was RMB31,052 million, representing an increase of 3.0% over the same period of last year. EBITDA margin⁶ was 31.0%.

In the future, the Company will stand on a new development stage to implement new development philosophy and establish new development pattern while seizing the opportunities brought by the robust development of digital economy as well as the accelerated digital transformation of the society, endeavouring to comprehensively and deeply promote the “Cloudification and Digital Transformation” strategy. Persisting in carrying out deepened reforms, the Company strives to proceed the plan for the offering and listing of A Shares. Through innovative systems and mechanisms, corporate and employees’ vitality are enhanced while sustainable development capabilities are strengthened resulting from the expansion in ecological cooperation. The Company will strengthen the sci-tech innovation centred around problem-tackling of core technologies and accelerate the integration of 5G, cloud and AI to develop new information infrastructure. Driven and stimulated by converged scenarios, the informatisation demands from the society are continuously ever-migrating and evolving so as to build digitalised platform and to proactively empower internal and external digital transformation. The Company will also take the initiative to shoulder the social responsibility to promote rural revitalisation and facilitate the construction of Cyberpower, digital China and smart society, striving to share the results of high-quality development with shareholders and customers and concurrently continuing to create value for the society.

The Board wishes to remind investors that the above financial and business data are based on the Group’s unaudited management accounts. Investors are cautioned not to unduly rely on such data.

A-4

In the meantime, investors are advised to exercise caution in dealing in the securities of the Company.

Beijing, China, 28 April 2021

FORWARD-LOOKING STATEMENTS

Certain statements contained in this announcement may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of the U.S. Securities Exchange Act of 1934 (as amended). Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. In addition, we do not intend to update these forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

As at the date of this announcement, the Board of Directors of the Company consists of Mr. Ke Ruiwen (as the Chairman and Chief Executive Officer); Mr. Li Zhengmao (as the President and Chief Operating Officer); Mr. Shao Guanglu; Mr. Liu Guiqing and Madam Zhu Min (as the Chief Financial Officer) (all as the Executive Vice Presidents); Mr. Chen Shengguang (as the Non-Executive Director); Mr. Tse Hau Yin, Aloysius, Mr. Xu Erming, Madam Wang Hsuehming and Mr. Yeung Chi Wai, Jason (all as the Independent Non-Executive Directors).

A-5