Capital Structure and Information Infrastructure Overview

Solid Progress in Enterprise Reforms Continuously extended reforms to mechanisms and systems ⚫ Further implemented the "National Technology Company Development Program" and the "Double-hundred Action". China Mobile System Integration Company and Zijin (Jiangsu) Innovation Research Institute have been included in the expanded technology company development program initiated by the SASAC • Launched an initiative to create specialised, premium, unique and new products and capabilities and the first priority teams to join this initiative have completed their selection and training, and were provided with tailored support • Further optimised the operations of our subsidiaries Persistently enhanced the scientific management level Optimised the collaboration mechanism between headquarters, regional companies and specialised teams to ensure coordinated product operations between provincial and specialised companies • Set the benchmark for good customer service by strengthening customer experience-based service quality standards • Promoted the in-depth implementation of the "Compliance Escort Plan", and further incorporated compliance into all aspects of management, operation and services to ensure sustainable and stable corporate operation . Effectively invigorated innovation and creation 中国移动 China Mobile Appointed chief scientists and started the second batch selection of chief experts, built a team of high-performing engineers and strengthened the talent pool of outstanding young technology talent • Persisted in prioritising key tasks, and tailored incentive schemes for different grades and different nature of work • Spearheaded market-oriented reforms for certain key companies and improved the quality and coverage of mid- to long-term incentive schemes through share options, dividends and other forms of incentives Extensively reinforced and broadened the open and collaborative ecosystem Strengthened strategic cooperation to actively establish and deepen extensive strategic partnerships with local governments, enterprises and public institutions Strengthened capital cooperation to support ecosystem growth by providing venture capital in various sectors including Al, Industrial Internet, Internet and information security and visual loT Strengthened ecological cooperation to actively build a new digital- intelligent ecosystem by leveraging our position as an industry leader 13

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