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the provision of telephone and other telecommunications services to rural areas in the PRC; and
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spectrum and numbering resources allocation;
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the effects of competition on the demand for and price of our services;
any potential further restructuring or consolidation of the PRC telecommunications industry;
changes in telecommunications and related technologies including the fifth generation mobile telecommunications, or 5G, and future
generations of mobile technologies, and applications based on such technologies, including testing and monetization of 5G and future generations of mobile technologies;
the development of new technologies and applications or services affecting the PRC telecommunications industry and our current and
future business;
the potential impact of restrictions, sanctions or other legal or regulatory actions under relevant laws and
regulations in various jurisdictions on our suppliers and other business partners;
the impact of the
COVID-19 pandemic on our operations and financial performance, the PRC economy and world economy, including disruptions to the demand for certain of our services and products such as international roaming
services and services provided to corporate clients, a decline in network service quality due to the increased volume of online utilization, temporary closures of our sales outlets and a decline in new subscriber registration due to such closures,
disruptions to the delivery of services or supplies, delay in network construction progress and fluctuation of labor supply and demand due to travel and other restrictions, and increased bad debts risk due to the deteriorating financial condition of
certain corporate customers;
the impact of Executive Order 13959 signed by the then President of the United States (as subsequently
amended on January 13, 2021 and June 3, 2021, the Executive Order), and any rules or regulations adopted, guidance issued or actions taken by U.S. regulators to implement or comply with the Executive Order, including the
completed delisting proceedings of our ADSs;
the impact of the Holding Foreign Companies Accountable Act and any rules or
regulations adopted by U.S. regulators to implement such legislation;
changes in political, economic, legal and social conditions
in the PRC, including changes in the PRC governments specific policies with respect to foreign investment in and entry by foreign companies into the PRC telecommunications industry, economic growth, inflation, foreign exchange and the
availability of credit;
results and effects of any inspections by the relevant PRC regulatory authorities; and
the development of our mobile business is dependent on the Tower Company.
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.
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