On 14 Oct 2008, the Hong Kong High Court approved the company's significant asset restructuring plan and its corresponding reduction in China Netcom Group Corp. (Hong Kong) Ltd.'s share capital.

Relevant registration procedures will be completed on 15 Oct 2008.

China Netcom's shares will be delisted from the Hong Kong Stock Exchange effective 15 Oct 2008 at 9:30 am. Its American depositary shares, issued by China Netcom, are projected to stop trading on the New York Stock Exchange on 15 Oct 2008 at 9:30 am. The handling of the delisting and trading termination will be formally completed when all relevant procedures are completed.

China Netcom will be renamed China Unicom (Hong Kong) Ltd. on 15 Oct 2008, for which a name change certificate has been issued by relevant authorities.

Board of Directors
15 Oct 2008


Source: Shanghai Stock Exchange

Date: 15 Oct 2008

CN01/ZZ/SW/BT/KM