- Report of Foreign Issuer (6-K)
February 01 2010 - 6:04AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Month of February 2010
Commission File Number 1-15028
China Unicom (Hong Kong) Limited
(Exact Name of Registrant as Specified in Its Charter)
75/F, The Center,
99 Queens Road Central, Hong Kong
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form
40-F.)
Form 20-F
þ
Form 40-F
o
(Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by
Regulation S-T
Rule 101(b)(1):
o
.)
(Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by
Regulation S-T
Rule 101(b)(7):
o
.)
(Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.)
Yes
o
No
þ
(If Yes is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b):
82-________.)
EXHIBITS
FORWARD-LOOKING STATEMENTS
This announcement contains certain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Such forward-looking statements may include, without limitation, statements
relating to the Companys plans and expectations for network development, including those in
connection with the build-out and expansion of third generation mobile telecommunications, or 3G,
digital cellular business and network infrastructure, and the Companys future business conditions.
The words anticipate, believe, could, estimate, intend, may, seek, will and similar
expressions, as they relate to us, are intended to identify certain of these forward-looking
statements. The Company does not intend to update any of these forward-looking statements.
The forward-looking statements contained in this announcement are, by their nature, subject to
significant risks and uncertainties. In addition, these forward-looking statements reflect the
Companys current views with respect to future events and are not a guarantee of the Companys
future performance. Actual results may differ materially from those expressed or implied in the
forward-looking statements as a result of a number of factors, including, without limitation:
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changes in the regulatory regime and policies for the PRC telecommunications industry,
including changes in the regulatory policies of the Ministry of Industry and Information
Technology, or the MIIT, the State-owned Assets Supervision and Administration Commission, and
other relevant government authorities of the PRC;
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changes in the PRC telecommunications industry resulting from the issuance of 3G licenses
by the central government of the PRC;
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effects of tariff reduction and other policy initiatives from the relevant PRC government
authorities;
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changes in telecommunications and related technologies and applications based on such
technologies;
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the level of demand for telecommunications services;
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competitive forces from more liberalized markets and the Companys ability to retain market
share in the face of competition from existing telecommunications companies and potential new
market entrants;
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effects of competition on the demand and price of the Companys telecommunications
services;
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the availability, terms and deployment of capital and the impact of regulatory and
competitive developments on capital outlays;
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effects of the Companys restructuring and integration following the completion of the
Companys merger with China Netcom Group Corporation (Hong Kong) Limited;
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effects of the Companys proposed adjustments in the Companys business strategies relating
to the personal handyphone system, or PHS, business;
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effects of the Companys acquisition from the Companys parent companies of certain
telecommunications business and assets, including the fixed-line business in 21 provinces in
southern China, in January 2009;
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changes in the assumptions upon which the Company have prepared its projected financial
information and capital expenditure plans;
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changes in the political, economic, legal and social conditions in the PRC, including the
PRC Governments policies and initiatives with respect to economic development in light of the
current global economic downturn, foreign exchange policies, foreign investment activities and
policies, entry by foreign companies into the PRC telecommunications market and structural
changes in the PRC telecommunications industry; and
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the potential continued slowdown of economic activities inside and outside the PRC.
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Please also see the Risk Factors section of the Companys latest Annual Report on Form 20-F, as
filed with the Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Date: February 1, 2010
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CHINA UNICOM (HONG KONG) LIMITED
(Registrant)
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By:
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/s/ Chang Xiaobing
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Name:
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Chang Xiaobing
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Title:
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Chairman and Chief Executive Officer
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Exhibit 1
CHINA UNICOM (HONG KONG) LIMITED
(incorporated in Hong Kong with limited liability)
(Stock Code: 0762)
ANNOUNCEMENT
Relating to Preliminary Estimate of 2009 Annual Results
This announcement is made by the Company in relation to the estimated annual
results of the Company for the year ended 31 December 2009.
The financial information contained in this announcement is only a preliminary
estimate of the Company and has not been audited by the Companys auditors.
Shareholders of the Company and investors are advised to exercise caution when
dealing in the shares of the Company.
This announcement is made pursuant to Rule 13.09(1) of the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong Limited.
China Unicom (Hong Kong) Limited (the Company) makes the following announcement relating to the
estimated annual results of the Company for the year ended 31 December 2009.
1.
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ESTIMATED RESULTS FOR THE REPORTING PERIOD
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1.1
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Estimated Results Period:
1 January 2009 to 31 December 2009
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1.2
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Estimated Results:
Based on the preliminary calculations by the Company in accordance with
International Financial Reporting Standards and Hong Kong Financial Reporting
Standards, profit attributable to equity holders of the Company for the year ended
31 December 2009 is estimated to decrease by over 50% compared to the profit
attributable to equity holders of the Company for the year ended 31 December 2008
(as further discussed in Section 2 below).
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1.3
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Preliminary Estimate of Unaudited Results Only:
Please note that the financial information contained in this announcement is only
a preliminary estimate of the unaudited results of the Company for the year ended
31 December 2009 and may be different from the financial information to be set out
in the Companys audited annual results for the year ended 31 December 2009 which
are currently expected to be announced in March 2010.
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2.
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MAIN FACTORS CONTRIBUTING TO THE ESTIMATED RESULTS
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The Company and its subsidiary, China United Network Communications Corporation Limited
(formerly China Unicom Corporation Limited), disposed of the CDMA business and related
assets to China Telecom Corporation Limited (as described in the announcement released by
the Company dated 28 July 2008) and the disposal was completed on 1 October 2008. The
discontinued operations generated a profit (net of tax) of RMB27.57 billion for the year
ended 31 December 2008 which substantially increased the profits of the Company for the
year ended 31 December 2008. However, such discontinued operations did not have any impact
on the results of the Company for the year ended 31 December 2009.
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In addition, the WCDMA business of the Company, which commenced operations on 28 September
2009, has had an impact on the profit of the Company for the year ended 31 December 2009
due to the high costs and expenses incurred at its initial stage of operation.
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For the reasons above, the Company expects that the profit attributable to equity holders
of the Company for the year ended 31 December 2009 will decrease by over 50% compared to
the profit attributable to equity holders of the Company for the year ended 31 December
2008.
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By Order of the Board of
China Unicom (Hong Kong) Limited
Chu Ka Yee
Company Secretary
Hong Kong, 29 January 2010
As at the date of this announcement, the Board of Directors of the Company comprises:
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Executive directors
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:
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Chang Xiaobing, Lu Yimin, Zuo Xunsheng and Tong Jilu
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Non-executive director
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:
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Cesareo Alierta Izuel
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Independent
non-executive
directors
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:
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Wu Jinglian, Cheung Wing Lam Linus, Wong Wai Ming,
John Lawson Thornton and Timpson Chung Shui Ming
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2
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