China Mobile Limited (the “Company”, including its subsidiaries collectively known as the “Group”) was established in Hong Kong on September 3, 1997, and listed on the New York Stock Exchange (“NYSE”) and Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”) on October 22 and 23, 1997, respectively. The company's stock became a constituent stock of the Hong Kong Hang Seng Index on January 27, 1998. The New York Stock Exchange submitted Form 25 to the US Securities and Exchange Commission (“SEC”) on May 7, 2021, and the delisting of the Company's American Depositary Shares took effect on May 18, 2021. On January 5, 2022, the Company's RMB common shares (“RMB shares” or “A shares”) were listed on the main board of the Shanghai Stock Exchange (“Shanghai Stock Exchange”). On June 19, 2023, the Company added RMB counter trading for shares listed on the main board of the Hong Kong Stock Exchange (“Hong Kong Shares”). The Group provides communication and information services in all 31 provinces, autonomous regions, municipalities directly under the Central Government and the Hong Kong Special Administrative Region in mainland China. Its business mainly covers voice, data, broadband, private line, IDC, cloud computing, Internet of Things, etc. for individuals, households, enterprises and emerging markets. It is also the largest communications and information service provider in mainland China, as well as a world-class communications and information operator with the largest global network and customer scale, leading profitability and brand value, and leading market value. As of December 31, 2023, the total number of employees in the Group reached 451,830, the total number of mobile customers reached 991 million, the total number of cable broadband customers reached 298 million, and annual revenue reached RMB 1,093 billion. The ultimate controlling shareholder of the Company is China Mobile Communications Group Co., Ltd. (“China Mobile Group Corporation” for short). As of December 31, 2023, the Group directly and indirectly held approximately 69.81% of the total number of issued shares of the Company, with the remaining 30.19% held by public shareholders. In 2023, the company was once again selected by “Forbes” in its “Global 2,000 Leading Companies List” and by “Fortune” magazine in its “Global Top 500”. The “China Mobile” brand was once again ranked 73 in the “BrandZ Global Top 100 Most Valuable Brands” in 2023. Currently, the company's credit rating is equivalent to China's national sovereignty rating, which is S&P A+/ stable outlook and Moody's A1/ negative outlook.
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