SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 2018
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 ☒ Form 40-F ☐
(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): ☐.)
(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): ☐.)
(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 ☐ No ☒
(If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82- .)
|1||Announcement dated February 1, 2018 in respect of Voluntary Disclosure Commercial Pricing of the Lease of Telecommunications Towers and Related Assets From China Tower Corporation Limited.|
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 (i) the Companys plans and strategies and the ability to successfully execute these plans and strategies, including those in connection with mergers and acquisitions and capital expenditures; (ii) the Companys plans for network expansion, including those in connection with the build-out of mobile services and network infrastructure; (iii) the Companys competitive position, including the ability to upgrade and expand existing networks and increase network efficiency, to improve existing services and offer new services, to develop new technological applications and to leverage the Companys position as an integrated telecommunications operator and expand into new services and markets; (iv) the Companys future business condition, including future financial results, cash flows, financing plans and dividends; (v) the future growth of market demand of, and opportunities for, the Companys new and existing products and services; and (vi) future regulatory and other developments in the PRC telecommunications industry.
The words anticipate, believe, could, estimate, intend, may, seek, will and similar expressions, as they relate to the Company, are intended to identify certain of these forward-looking statements. The Company does not intend to update any of these forward-looking statements and are under no obligation to do so.
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:
|||the Companys ability to effectively sustain its growth and to achieve or enhance profitability;|
|||changes in the regulatory regime and policies for the PRC telecommunications industry, including without limitation, changes in the regulatory policies of the Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission, and other relevant government authorities of the PRC;|
|||changes in the PRC telecommunications industry resulting from the issuance of licenses for telecommunications services by the central government of the PRC;|
|||changes in telecommunications and related technologies and applications based on such technologies;|
|||the level of demand for telecommunications services, in particular, the fourth generation mobile telecommunications services;|
|||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;|
|||effects of restructuring and integration (if any) in the PRC telecommunications industry and any cooperation among the PRC telecommunications operators;|
|||the availability, terms and deployment of capital and the impact of regulatory and competitive developments on capital outlays;|
|||changes in the assumptions upon which the Company has prepared its projected financial information and capital expenditure plans;|
|||costs and benefits from the Companys investment in and arrangements with China Tower Corporation Limited;|
|||results and effects of any investigation by the relevant PRC regulatory authorities overseeing State-owned enterprises and their directors, officers and employees; and|
|||changes in the political, economic, legal, tax and social conditions in China, including the PRC Governments policies and initiatives with respect to foreign exchange policies, foreign investment activities and policies, entry by foreign companies into the Chinese telecommunications market and structural changes in the PRC telecommunications industry.|
Please also see the Risk Factors section of the Companys latest Annual Report on Form 20-F, as filed with the U.S. Securities and Exchange Commission.
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.
|CHINA UNICOM (HONG KONG) LIMITED|
|Date: February 2, 2018|
|Name:||Yung Shun Loy Jacky|
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
CHINA UNICOM (HONG KONG) LIMITED
(Incorporated in Hong Kong with limited liability)
(Stock Code: 0762)
COMMERCIAL PRICING OF THE LEASE OF TELECOMMUNICATIONS
TOWERS AND RELATED ASSETS FROM
CHINA TOWER CORPORATION LIMITED
Reference is made to the announcement dated 8 July 2016 issued by China Unicom (Hong Kong) Limited (the Company) in connection with the commercial pricing of the lease of telecommunications towers and related assets from China Tower Corporation Limited (the Tower Company) through the Companys wholly-owned subsidiary, China United Network Communications Corporation Limited (CUCL).
On 8 July 2016, CUCL and the Tower Company entered into a commercial pricing agreement (the Commercial Pricing Agreement). Respective companies of both parties at the provincial level entered into the Provincial Service Agreement according to the Commercial Pricing Agreement.
On 31 January 2018, pursuant to the Commercial Pricing Agreement and after arm-length negotiations and discussions, both parties agreed on certain supplementary provisions based on the original agreement, which mainly included:
|1.||The pricing of tower products stated in Annex 1 Product Catalogue and Pricing of the Commercial Pricing Agreement shall be adjusted, including: cost margin shall be adjusted from 15% to 10%; the base price co-tenancy discounts shall be increased from 20% to 30% if two companies share the use and from 30% to 40% if three companies share the use; the additional 5% discount enjoyed by anchor tenant will remain unchanged; the regional adjustment coefficients on standard construction costs for certain provinces on new tower products and the discount rate on acquired towers shall be adjusted; the Existing Sharing Parties concessionary policy shall be extended to 31 December 2019 and both parties shall negotiate on the pricing terms prior to its expiry.|
|2.||The adjusted Product Catalogue and Pricing shall be effective from 1 January 2018. Respective subordinate companies of both parties at the provincial level or city level shall execute Product Confirmation Orders or Bulk Lease Forms to confirm.|
|3.||The agreement tenure shall be five years, effective from 1 January 2018 to 31 December 2022. Prior to expiry, both parties shall negotiate with each other for the pricing thereafter.|
The Company is of the view that the signing of the supplementary agreement with the Tower Company will be beneficial for the Company to lower the tower usage fee in the future.
By order of the Board
CHINA UNICOM (HONG KONG) LIMITED
YUNG SHUN LOY JACKY
Hong Kong, 1 February 2018
Certain statements contained in this announcement may be viewed as forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of the U.S. Securities Exchange Act of 1934 (as amended). Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. In addition, we do not intend to update these forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Companys most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the SEC) and in the Companys other filings with the SEC.
As at the date of this announcement, the Board of Directors of the Company comprises:
|Executive Directors:||Wang Xiaochu, Lu Yimin, Li Fushen and Shao Guanglu|
|Non-executive Directors:||Cesareo Alierta Izuel|
|Independent Non-executive Directors:||Cheung Wing Lam Linus, Wong Wai Ming, Chung Shui Ming Timpson and Law Fan Chiu Fun Fanny|