China Telecom Corporation Limited ("China Telecom" or "the Company"; HKEx: 00728; NYSE: CHA) is pleased to announce that the print and online versions of its 2018 Annual Report "Intelligent Transformation to Co-share Value of Innovation" have won in total six platinum awards and five gold awards, and ranked No.3 of "Top 100 Reports Worldwide" (No.1 in Asia Pacific) in LACP 2018 Vision Awards by the League of American Communications Professionals LLC (LACP), marking one of the best award-winning records of the Company since its participation in the competition. In addition, the Company's print Annual Report has earned 3 gold awards in 2019 International ARC Awards.
The creative concept of China Telecom's 2018 Annual Report originates in "butterflies' metamorphosis", which symbolizes China Telecom's proactive promotion of new technology evolution and applications at the dawn of the 5G era, as well as the joint effort with the upstream and downstream partners of the industry chain in co-building the 5G smart ecology, thus creating new momentum for the step-up transformation of the Company and continuously creating new value for shareholders, customers and the Company.
This year, the LACP 2018 Vision Awards drew nearly 1,000 submissions from a broad range of countries and industries as well as organizations with various scales, and yet only one out of five received award-level recognition. LACP commended the winning annual reports for demonstrating an outstanding focus on shareholders, their interests, and their need to understand the strategic and tactical decisions made by companies, delivering a highly applicable and persuasive message.
The International ARC Awards, also branded as the "Academy Awards of Annual Reports" by financial media, is the world's largest and independent international competition honoring excellence in annual reports and corporate communications. The Awards are globally recognized, providing a platform for the highest standards in the annual report industry.
The above prestigious accolades won by China Telecom's 2018 Annual Report show the global market's recognition of China Telecom's excellent and globally leading performance on corporate governance and disclosure, on both conventional and digital channels. Meanwhile, it also demonstrates that through the theme of "Intelligent Transformation to Co-share Value of Innovation", China Telecom effectively delivered the messages about its operation strategies in the 2018 Annual Report.