SIGNATURES |
1.
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Issuer of Investment Securities | | Issuer: China Unicom (HongKong) Limited | |||
| Representative Director: Chang Xiaobing | |||||
| Paid-in-capital: Won 29,384,989,000,000 | |||||
| Relationship with the Company: Not applicable | |||||
| Number of issued and outstanding shares: 23,767,925,322 shares | |||||
| Business: Communication services | |||||
2.
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Details of Sales | | Number of shares: 899,745,075 | |||
| Sales Price: Won 1,528,325,699,093 | |||||
| Paid-in-capital of the Company: Won 10,804,946,865,000 | |||||
| Ratio to paid-in-capital: 14.14% | |||||
| Conglomerate under the Korean Antitrust and Fair Trade Act: Yes | |||||
3.
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Total number of shares owned and percentage after sales | | Number of shares: 0 shares | |||
| Percentage of ownership: 0.00% | |||||
4. | Purpose of Sales | In order to adjust investment portfolio and increase liquid assets, reflecting changes in the Companys growth strategy | ||||
5. | Expected date of closing | Not applicable | ||||
6.
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Date of Board Resolution | | September 25, 2009 | |||
| Outside Directors: 5 out of 5 in attendance | |||||
| Audit Committee Member: In attendance | |||||
7.
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Reporting required to Korea Fair Trade Commission | No | ||||
8.
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Other noteworthy matters | | The consummation of this transaction is subject to the approval at the shareholders meeting of China Unicom (HongKong) Limited and approval by Hong Kong Securities and Futures Commission. Special attention must be given that without the approval at the shareholders meeting of China Unicom (HongKong) Limited and approval by Hong Kong Securities and Futures Commission, this transaction cannot be consummated. | |||
| 1.Issuer of Investment Securities-Paid in Capital and 2. Details of Sales- Sales Price have been translated to Won at the exchange rate on the date of the boards resolution. | |||||
| The Company intends to sell 899,745,075 shares of China Unicom (HongKong) Limited at HKD 11.105 per share to China Unicom (HongKong) Limited. | |||||
| As to 5. Expected date of closing, we will issue an amended disclosure once the sale is approved by a resolution at the shareholders meeting of China Unicom (HongKong) Limited and by Hong Kong Securities and Futures Commission. | |||||
| Power is vested in the Companys Representative Director on confirmation and execution of the following matters: | |||||
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Method of sales; | |||||
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Date of sales; and | |||||
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Other matters in connection with the sales. |
SK Telecom Co., Ltd. (Registrant) |
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By: | /s/ Tae Jin Park | |||
(Signature) | ||||
Name: | Tae Jin Park | |||
Title: | Senior Vice President |