HONG KONG, Feb. 25, 2022 /PRNewswire/ -- China Telecom
Corporation Limited ("China Telecom"or "the Company"; HKEx: 00728;
SSE: 601728) referred to its announcement dated 7 May 2021 in relation to the determination by
The New York Stock Exchange LLC (the "NYSE") to delist the
Company's American Depositary Shares (the "ADSs") and its
announcement dated 10 September 2021
in relation to the termination of its ADSs program (the "ADS
Program"), respectively. On 7 May
2021, the NYSE filed the Form 25 with the U.S. Securities
and Exchange Commission (the "SEC") and the delisting of the
Company's ADSs became effective on 18 May
2021. On 9 September 2021, the
Company resolved to terminate the ADS Program which became
effective on 8 December 2021 (U.S.
Eastern time).
China Telecom announced that in light of the delisting of the
ADSs and the termination of the ADS Program, the Company intends to
file a Form 15F with the SEC on the date of this press release to
deregister the ADSs and terminate its reporting obligations under
the U.S. Securities Exchange Act of 1934, as amended (the "U.S.
Exchange Act").
The Company's reporting obligation under the U.S. Exchange Act
will be suspended immediately upon such filing. The deregistration
and termination of reporting obligation is expected to become
effective 90 days after the filing, unless withdrawn by the Company
or objected to by the SEC. The Company will continue to comply with
its financial reporting and other obligations as a listed-issuer
under the Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited and the Rules Governing the Listing
of Stocks on Shanghai Stock Exchange.
Certain statements contained in this press release 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, results of operations or
prospects of the Company to be materially different from any future
performance, financial condition, results of operations or
prospects 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.
View original
content:https://www.prnewswire.com/news-releases/china-telecom-seeks-to-deregister-its-american-depositary-shares-and-terminate-reporting-obligations-under-the-us-securities-exchange-act-301490413.html
SOURCE China Telecom Corporation Limited