CICC Assists China Tower in Listing on the Main Board of HKEX

On August 8, 2018, China Tower Corporation Limited (“China Tower”, or the “Company”, stock code: 0788.HK) was successfully listed on the Main Board of the Hong Kong Stock Exchange. CICC is Lead Sponsor, Lead Joint Global Coordinator, Lead Joint Bookrunner, and Lead Joint Lead Manager. The offering size before green shoe was USD 6.92 billion, ranking the largest IPO globally since the IPO of Postal Savings Bank of China, the largest overseas equity offering in China’s telecom industry, and largest non-fig H share IPO of Chinese enterprises. It’s also the largest H share IPO on international offering excluding for cornerstone investors, for the last ten years.

China Tower was established in July, 2014 and is the world’s largest telecommunications tower infrastructure service provider with a commanding market position in the PRC. As of June 30, 2018, the Company operated 1.898 million sites and served 2.785 million tenants. The Company’ market share in the PRC telecommunications tower infrastructure industry was 96.3% in terms of the number of sites and 97.3% in terms of revenue in and as of December 31, 2017.

China Tower’s successful H-share IPO is a model deal led by CICC in supporting the reform of state-owned enterprises (SOEs) and the supply-side structural reform. It is also CICC’s another deal success in providing long-term capital market services for large SOEs. Since the preparation for China Tower’s establishment and the Company’s formal inception, CICC has provided financial advisory and investment banking services to the Company, and has always positioned China Tower as strategically core clients by attaching the most importance to the Company as well as its deals and providing the highest quality services all of the time with our best endeavor. Staying true to the original objective will help lead to the success. Along the way, CICC has witnessed China Tower’s great aspiration and boundless strength as well as the rapid and scale development since its establishment. It is CICC’s great honor to have been engaged in China Tower’s all important deals of milestone significance. CICC has deeply participated in China Tower’s whole development process, including the Company’s inception, business pricing, stock assets injection, listing preparation, and the successful issuance. During the H-share IPO process, CICC, as the Lead Sponsor, Lead Joint Global Coordinator, Lead Joint Bookrunner, and Lead Joint Manager, took the lead in listing preparation, sponsorship, regulatory approval and the issuance, worked closely with China Tower to overcome difficulties and obstacles, and achieved a fruitful outcome. For more than four years, CICC has always stood together and forged ahead with China Tower, and accompanied the Company step by step to complete the important objectives set at the beginning of its establishment. We are honored to accompany China Tower gradually grow into a first-class telecommunications tower infrastructure service provider and a listed company with its own characteristics, more growth potential and higher value.

CICC has always been fulfilling its core value of “Chinese Roots and International Reach” and provided to clients with high quality financial value-adding services as a world-class investment bank. As a unique investment bank with Chinese roots and international reach, CICC is committed to providing first-class financial services to our clients on both domestic and overseas markets, to help our clients achieve their strategic goals.