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EXHIBIT 1.1
South China Morning Post
November 27, 2000
The Stock Exchange of Hong Kong Limited takes no responsibility for the contents
of this announcement, makes no representation as to its accuracy or completeness
and expressly disclaims 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 MOBILE COMPANY LOGO]
CHINA MOBILE (HONG KONG) LIMITED
(Incorporated in Hong Kong with limited liability under the Companies
Ordinance)
ANNOUNCEMENT
The Company has not received any notice from the relevant regulatory authorities
advising the approval of the calling-party-pay system. The MII has confirmed to
the Company that the calling-party-pay issue is currently under review and
discussion and no decision has been made to date.
This announcement is made at the request of The Stock Exchange of Hong Kong
Limited (the "Stock Exchange").
The board of directors (the "Board") of China Mobile (Hong Kong) Limited (the
"Company") notes the recent movements in the price and trading volume of the
shares of the Company and the various press articles relating to the
calling-party-pay issue. The Board wishes to state that the Company has not
received any notice from the relevant regulatory authorities advising the
approval of the calling-party-pay system. Furthermore, the department in charge
of telecommunications tariffs regulation within the Ministry of Information
Industry ("MII") has confirmed to the Company that the calling-party-pay issue
is currently under review and discussions and no decision has been made to date.
The Board also wishes to state that basic telecommunications tariffs are
regulated by the MII and other relevant governmental authorities in the People's
Republic of China. However, the Company will continue to follow up with the MII
and the relevant authorities on the calling-party-pay issue and will use its
best efforts to ensure that the interests of the Company and its investors are
protected. Where necessary, the Company will make further announcement in
compliance with the Company's obligations under the Listing Agreement.
The Board also confirms that save as disclosed above, there are no negotiations
or agreements relating to intended acquisitions or realisations which are
discloseable under paragraph 3 of the Listing Agreement, neither is the Board
aware of any matter discloseable under the general obligation imposed by
paragraph 2 of the Listing Agreement, which is or may be of a price-sensitive
nature.
IN THE MEANTIME, SHAREHOLDERS ARE STRONGLY ADVISED TO EXERCISE CAUTION IN
DEALING IN THE SECURITIES OF THE COMPANY.
By order of the Board
CHINA MOBILE (HONG KONG) LIMITED
WANG XIAOCHU
Chairman
Hong Kong, 24 November 2000
