2021 Interim Results
Proposed Inaugural Spin-off of a Subordinate Company in A-share Market
ao
China
unicom中国联通
CUSC China Unicom Smart Connection Technology Limited
A subsidiary specialised in Internet-of-Vehicles (loV) operation
(69% shareholding)
Offers lov total life cycle management of smart connection
8
Successfully implemented mixed-ownership reform in
2019, introducing FAW, Dongfeng, GAC, etc. as strategic
investors
FY2020 operating revenue: ≈RMB 420 mil¹; net profit:
RMB 67 mil 1
a
China
unicom中国联通
products & specialised smart operation services, as well as smart
applications such as smart transportation with vehicle & roadside
coordination, fleet management & intelligent cockpits based on
next-generation technology such as 5G, MEC, C-V2X, etc.
TO CUSC:
will strengthen financing capability & operation flexibility to better attract talents &
strategic partners as a listed company post spin-off, enhancing competitiveness and
accelerating business growth & returns to unlock value
will remain as the controlling shareholder of CUSC and benefit from its future growth
and value-unlocking post spin-off
Accelerate to enhance &
unlock value
To China
Unicom:
Strategic
cooperation
Note:
1.
between China Unicom & CUSC can create strong alliance with synergetic advantages to
promote mutual growth
Data was unaudited. Discrepancies may arise with the audited financial data of CUSC upon listing and the audited financial data to be disclosed in the prospectus of CUSC shall prevail. Investors are cautioned
about such investment risks.
2021 Interim Results 12View entire presentation