Summary by Moomoo AI
CITIC TELECOMMUNICATIONS INTERNATIONAL GROUP LIMITED (“CITIC TELECOMMUNICATIONS INTERNATIONAL TELECOMMUNICATIONS”) ANNOUNCED ON 18 JANUARY 2024 THAT ITS SUBSIDIARY MACAO TELECOMMUNICATIONS HAS SIGNED A SUPPLEMENTARY AGREEMENT WITH THE GOVERNMENT OF MACAU EXTENDING THE TERM OF THE FRANCHISE BY 9 MONTHS FROM 1 JANUARY 2024 TO 30 SEPTEMBER OF THE SAME YEAR. This is a further development following the announcement on 29 December 2023. During the extension period, Telecom Macao will continue to consult with the Macao Government on further arrangements. CITIC Telecom's Board of Directors will continue to monitor the progress of the relevant matters and undertakes to make further announcements to the market in due time in accordance with the listing rules.