China Mobile discloses the results of the issuance

China Mobile disclosed the results of the issuance. The amount of abandonment by online investors was 743 million yuan, and the amount of abandonment by offline investors was 12.7049 million yuan. China Mobile announced that the subscription funds promised by the strategic investors of this issuance have been remitted to the bank account designated by the joint lead underwriters within the specified time. The final strategic placement quantity is 422,013,000 shares, which accounted for approximately the total amount of the issue before the exercise of the greenshoe. 49.90% of the total amount, accounting for about 43.39% of the total issuance of the greenshoe after the full exercise; the difference between the initial strategic placement and the final strategic placement of 837,000 shares will be transferred back to offline issuance.

In addition, China Mobile also stated that it has negotiated and decided to enable the greenshoe mechanism to over-allot 126,855,000 shares to online investors, accounting for approximately 15.00% of the initially issued shares.

On December 21, China Mobile announced that the inquiry work for the A-share IPO had been completed, and the issue price was determined to be 57.58 yuan per share, which corresponds to a diluted P/E ratio of 12.02 times for 2020.

China Mobile predicts that in 2021, operating income will be approximately 844.877 billion yuan to 852.558 billion yuan, a year-on-year increase of approximately 10% to 11%. The net profit attributable to shareholders of the parent company is approximately 114.307 billion yuan to 116.464 billion yuan, a year-on-year increase of approximately 6% to 8%.

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