China Telecom Proposes New Three-Year Board Term and Adds Two Independent Directors

China Telecom ( (HK:0728) ) just unveiled an update.

China Telecom has proposed the re-election of its current executive, non-executive and independent non-executive directors for a new three-year board term running from shareholder approval at the 2025 annual general meeting through to the 2028 financial year. The company will also have its employee director elected separately by staff representatives, with directors’ remuneration for 2026 to be determined under a proposal to be put to shareholders.

The board is seeking shareholder approval to add two new independent non-executive directors, veteran power-grid engineer Liang Xuming and Macau-based business and finance figure Chen Ji Min, both of whom have confirmed their independence and hold no current roles in the group. Their appointments would broaden the board’s expertise in infrastructure, finance, education and policy circles, potentially strengthening governance and strategic oversight as China Telecom navigates sector competition and regulatory scrutiny.

The most recent analyst rating on (HK:0728) stock is a Buy with a HK$6.21 price target. To see the full list of analyst forecasts on China Telecom stock, see the HK:0728 Stock Forecast page.

More about China Telecom

China Telecom Corporation Limited is a major integrated telecommunications operator in mainland China, listed in Hong Kong, providing fixed-line and mobile network services, broadband, and related information and communications technology solutions. The company focuses on serving domestic consumers and enterprises, and plays a key role in China’s digital infrastructure and connectivity markets.

Average Trading Volume: 62,431,401

Technical Sentiment Signal: Buy

Current Market Cap: HK$605.1B

For a thorough assessment of 0728 stock, go to TipRanks’ Stock Analysis page.