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Continues to Deepen "One Core and Two Wings" Strategy Focuses on Strengthening Core Competitiveness

Net Profit Increased by 30.1%

HONG KONG SAR –  Media OutReach Newswire – 11 August 2026 – The world's largest telecommunications infrastructure service provider  China Tower Corporation Limited ("China Tower", or the "Company") (Stock Code: 0788.HK) is pleased to announce its interim results for the six months ended 30 June 2026. 
  Performance Highlights 
  
        
                RMB Million         
                       1H 2026         
                       1H 2025         
                       Change         
            
     
                Operating revenue         
                       48,693         
                       49,601         
                       -1.8%         
            
     
                EBITDA[1]         
                       30,252         
                       34,227         
                       -11.6%         
            
     
                Profit attributable to owners of the Company         
                       7,489         
                       5,757         
                       30.1%         
            
     
                Basic earnings per share (RMB yuan)         
                       0.4284         
                       0.3293         
                       30.1%         
            
     
                Dividend per share (RMB yuan)         
                       0.19122         
                       0.13250         
                       44.3%         
            
     
                Key operating data         
                       
            
     
                Number of tower sites (thousand)         
                       2,172         
                       2,119         
                       2.5%         
            
     
                Number of tower tenants (thousand)         
                       3,871         
                       3,844         
                       0.7%         
            
     
                Tenancy ratio (tenants / tower site)         
                       1.78         
                       1.81         
                       -1.7%         
            
    
  In the first half of 2026, the Company's operating revenue reached RMB 48,693 million, a decrease of 1.8% year-on-year. EBITDA amounted to RMB 30,252 million, a decrease of 11.6% year-on-year, with an EBITDA margin[2] of 62.1%. Profit attributable to the owners of the Company reached RMB 7,489 million, an increase of 30.1% year-on-year, with a net profit margin of 15.4%. 
  Net cash generated from operating activities amounted to RMB 7,135 million. Capital expenditure stood at RMB 11,650 million. As at 30 June 2026, our total assets amounted to RMB 351,237 million, with interest-bearing liabilities of RMB 101,392 million and a gearing ratio[3] of 31.5%, representing an increase of 3.8 percentage points from the end of 2025. 
  The Company attaches great importance to shareholder returns. After considering our profitability, cash flow and capital requirements for future development, the board of directors of the Company has resolved to distribute an interim dividend of RMB 0.19122 per share (pre-tax).[4] We will work towards realizing steady growth in annual dividend payment per share and continue creating greater value for shareholders. 
  
   Enhanced resource sharing consolidated the TSP business foundation   
   
   The Company further deployed the Dual-Gigabit network joint-entry implementation and made significant progress in implementing special projects such as upgrading signal strength and extending broadband coverage to all border areas, forests and grasslands. We focused on enhancing resource sharing and coordination of network resources in order to fully satisfy our customers' diverse, high-quality network construction needs, and support the expansion of 5G network penetration and coverage. In the first half of 2026, our TSP business recorded revenue of RMB 40,357 million, a decrease of 5.0% year-on-year.   
   
   Tower business. We deepened the implementation of our embedded service mechanism, aligning with TSPs' network construction planning and comprehensively addressing their demands for network standards/frequency bands. We strengthened the innovative application of regionalized products and comprehensive solutions to fully meet customers' differentiated needs. Leveraging our extensive site resource data, we proactively conducted coverage analysis to enhance network optimization capabilities, helping TSPs achieve precise planning and precise construction. Focusing on customers' most pressing concerns, we leveraged the Company's resource coordination advantages and carried out special initiatives to tackle difficult sites, enhancing construction and delivery efficiency. We fully implemented the integrated coordination of "resources + demand", actively engaging with network coverage needs in key industries such as culture and tourism, education, and transportation. Adhering to a customer-oriented philosophy, we continued to optimize end-to-end business processes and management standards to serve customers' network coverage construction efficiently. Impacted by customers' optimization and adjustment of network deployment, simplified base station upgrades, and the continued development of the unified 4G network by China Telecom and China Unicom, our Tower business revenue in the first half of 2026 reached RMB 35,263 million, a decrease of 6.7% year-on-year. As of 30 June 2026, the Company managed a total of 2.172 million tower sites, an increase of 23,000 sites compared to the end of 2025. TSP tenants reached 3.565 million, a decrease of 2,000 compared to the end of 2025. Our TSP tenancy ratio was 1.69.   
   
   DAS business. We continued to focus on high-value and livelihood-critical scenarios, strengthening resource coordination, joint construction and shared development. In support of the implementation of the Technical Standard for Engineering of Mobile Communication Infrastructure in Buildings, we accelerated engagement with newly constructed building projects and coordinated the synchronized planning and construction of supporting telecommunications facilities, achieving early resource deployment and efficient rollout. We continued to enhance product and service competitiveness, and steadily advanced iterative 5G network upgrades on high-speed railways, upgraded signal strength to tackle coverage in elevators and underground parking lots and deployed shared repeaters at scale in everyday scenarios such as tunnels and residential communities, helping TSPs achieve efficient, intensive and low-cost expansion of indoor and outdoor network coverage. In the first half of 2026, our DAS business revenue reached RMB 5,094 million, an increase of 9.2% year-on-year. As of 30 June 2026, we had covered buildings with a cumulative area of 16.17 billion square meters, while the coverage in railway tunnels and subways reached a cumulative length of 36,111 kilometers.   
   
   Consolidated advantages to drive rapid growth of Two Wings business   
   
   The Company continued to strengthen product innovation and optimized business planning to improve core competencies and drive the continued rapid growth of our Two Wings business. In the first half of 2026, revenues from our Two Wings business reached RMB 7,923 million, accounting for 16.3% of our overall operating revenue and representing an increase of 2.3 percentage points over the same period last year.   
   
   Smart Tower business. Focusing on spatial digital intelligence governance, we continued to deepen our presence in key sectors and key scenarios. More than 260,000 "digital towers" now serve over 10 industries, including land and resources, emergency response, water conservancy, and environmental protection, with our market share steadily improving in key areas such as straw burning prohibition, farmland protection, and disaster alert. We deepened resource sharing on the distributed platform and optimized algorithm iteration for mid-to-high points. We continued to implement the "AI+" special project, deepening the application of large models for spatial digital intelligence governance and promoting the innovative upgrading of industry application scenarios. We actively positioned ourselves in emerging fields such as the low-altitude economy, accelerating the R&D of related products. We continued to uphold a customer-oriented philosophy, improved our high-standard service system and the development of local technical support teams, strengthened full-process support for product iteration and development, project construction and delivery, and operation and maintenance, and continuously enhanced customer satisfaction. In the first half of 2026, our Smart Tower business achieved revenue of RMB 5,332 million, a year-on-year increase of 12.8%. Of which, RMB 3,200 million was generated from Tower Monitoring business, accounting for 60.0% of our Smart Tower business.   
   
   Energy business. We focused on developing key business segments including battery exchange and power backup. By leveraging our core strengths in product, service, and platform, we continued to refine the quality of our operations and solidify our competitive advantages in the market. For the battery exchange business, we strengthened our presence in the consumer express delivery and food delivery sectors and strengthened the refined operation of our user base, reinforcing customer retention with high-quality service. As of 30 June 2026, we had approximately 1.493 million battery exchange users, an increase of 16,000 from the end of 2025, further maintaining our leading position in the market. We accelerated the deployment of our community charging infrastructure network for low-speed electric vehicles, enabling service upgrades and continuously expanding our service coverage and user base. For the power backup business, we focused on key industry sectors, analyzed customers' core needs, strengthened platform and service capability development, stepped up the promotion of comprehensive industry solutions, and continued to enhance the influence of the China Tower "energy butler" brand. In the first half of 2026, our Energy business achieved revenue of RMB 2,591 million, a year-on-year increase of 17.3%. Of which, the battery exchange business accounted for RMB 1,595 million, up by 20.6% year-on-year, contributing 61.6% of the Energy business revenue.   
   
   Innovation-driven development with steadily enhanced technological capabilities   
   
   Focused on the "One Core and Two Wings" strategy, the Company concentrated its resources on solving technological challenges, accelerating the commercialization of research achievements, and fostering the development of new quality productive forces. In the first half of the year, our R&D investment and R&D team size increased by 23% and 22%, respectively, while patent applications and patent authorizations grew by 15% and 132%, respectively, compared to the same period last year. One technological achievement received the second prize of the State Science and Technology Progress Award, and we led the initiation of two additional international standards. A series of innovative products achieved large-scale commercial application, including new 5G leaky cables, the Tower Monitoring platform, video AI algorithms for mid-to-high points, and the integrated energy service platform. The cumulative number of technological achievements and the number of achievements deployed at scale increased by 43% and 57%, respectively, from the end of 2025. The spatial governance data set of our Tower Monitoring network was recognized as an outstanding achievement among the high-quality industry data sets of central state-owned enterprises, while our digital intelligence IoT integrated governance scenario was included among the strategic high-value AI scenarios for central state-owned enterprises. Our technology innovation system continued to improve, with the high-quality development of our six technological innovation centers. We joined the innovation consortia and technology commercialization consortia of central enterprises for fields including the low-altitude economy, robotics, and quantum technology.   
   
   Mr. Zhang Zhiyong, Chairman of China Tower said, "In the first half of 2026, we actively seized the opportunities brought about by the national strategies of 'Cyberpower', 'Digital China', and 'Dual Carbon' goals. Looking ahead, we will remain anchored in the 'One Core and Two Wings' strategic positioning, focusing on strengthening our core capabilities and competitiveness, further deepening resource sharing, and improving operating efficiency, to create greater value for shareholders, customers, and society."   
   
   
   
     [1] EBITDA is calculated by operating profit plus depreciation and amortization.     
     
   
   
     [2] EBITDA margin is calculated by dividing EBITDA by operating revenue, and multiplying the resulting value by 100%.     
     
   
   
     [3] Gearing ratio is calculated as net debt (Interest-bearing liabilities minus the amount of cash and cash equivalents) divided by the sum of total equity and net debt, then multiplied by 100%.     
     
   
   
     [4] The Company's share consolidation and capital reduction took effect on 20 February 2025. The Company's total issued share capital was reduced from 176,008,471,024 shares to 17,600,847,102 shares. Taking into account the aforementioned change in total issued share capital, the growth rate is calculated based on the total amount of dividends.     
     
   
 Hashtag: #ChinaTower
The issuer is solely responsible for the content of this announcement.

About China Tower (Stock Code: 0788.HK)
China Tower is the world's largest telecommunications tower infrastructure service provider, and the Company always adheres to the philosophy of shared development and implements the "One Core and Two Wings" strategy. The Company is principally engaged in the construction, maintenance and operation of base station ancillary facilities such as telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). Meanwhile, relying on unique resources to provide energy application services such as information application and intelligent battery exchange and power backup to the society, the Company strives to build itself into a world-class integrated digital infrastructure service provider, and a highly competitive information and new energy applications provider. As of the end of June 2026, the Company's total assets amounted to RMB 351,237 million. China Tower operated and managed 2.172 million tower sites across 31 provinces, municipalities and autonomous regions in the PRC, and served over 3.871 million tenants with the tenancy ratio of 1.78.

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Liangshan, China: 300,000 People Celebrate a Torch Carnival Night

XICHANG, CHINA –  Media OutReach Newswire – 11 August 2026 – At 8 p.m. local time on August 8, along the eastern extension of Hangtian Avenue in Xichang City, Liangshan Yi Autonomous Prefecture, China, 86 bonfires were lit, and tens of thousands of torches were raised in unison, turning the 3.2-kilometer-long street instantly into an ocean of joy. The lively Yi ethnic music set the 300,000-strong crowd ablaze with excitement at the scene, as people of all ages joined hands, performed traditional Yi folk dances around the bonfires, and revelled in the fiery carnival. 
  
            
       Performances at the Torch Carnival Night     
     
 That night's carnival was the centerpiece of the 2026 Liangshan Yi Torch Festival and marked the climax of the entire celebration. This year's edition featured 98 distinctive cultural tourism events held simultaneously across all 17 counties and cities of Liangshan, creating a spectacular midsummer celebration. 
  
            
       Yi Ethnic Costume Fashion Show at the Torch Festival     
     
 On July 19, Puge County, serving as the "first stop" of the 2026 Liangshan Yi Torch Festival's cultural tourism program, presented the traditional fire-lighting ceremony in its entirety alongside folk performances that offered visitors an authentic glimpse into the rich heritage of Yi culture. The celebrations then continued in Butuo County, Yuexi County, Huidong County, Huili City, and Dechang County, among others, featuring traditional costume showcases, intangible cultural heritage workshops, Yi ethnic music days, and other cultural tourism activities. The events will run through the end of August. 
  
 Liangshan Prefecture is home to the largest Yi ethnic community in China. Among the many traditional festivals of the Yi people, the Torch Festival stands out as the grandest, richest, and most vibrant celebration, drawing the largest crowds and showcasing the most distinctive Yi traditions. 
  
 During the height of summer, Liangshan enjoys a pleasant temperature averaging around 20°C. The prefecture is home to 20 ICH items at the national level and boasts 81 officially rated tourist attractions, including Qionghai Lake–Lushan Mountain, Lugu Lake, and Luoji Mountain. Here, breathtaking natural landscapes blend harmoniously with the profound cultural heritage of the Yi people. During the 2026 Spring Festival, May Day, and Dragon Boat Festival holidays, Liangshan recorded a year-on-year growth of over 10% in both tourist arrivals and total tourism consumption. 
 Hashtag: #LiangshanYiTorchFestival #TorchFestival #Liangshan
The issuer is solely responsible for the content of this announcement.

VinSpace Announces Launch Contract with SpaceX, Marking a New Milestone for Vietnam's Space Industry

HANOI, VIETNAM -  Media OutReach Newswire - 11 August 2026 - VinSpace Joint Stock Company ("VinSpace") announced the signing of a launch contract with U.S.-basedSpaceX. The agreement marks a significant milestone in VinSpace's roadmap to build comprehensive aerospace capabilities, advancing its mission to foster the development of Vietnam's space industry. 
             
       VinSpace's satellites will launch aboard a Transporter rideshare mission in 2027 as part of SpaceX's rideshare program.     
     
 Under the agreement, VinSpace's satellites will launch aboard a Transporter rideshare mission in 2027 as part of SpaceX's rideshare program, which enables multiple customers to share a single launch. VinSpace is responsible for the research, development, manufacturing and on-orbit operation of its satellites. The satellites will support the on-orbit demonstration of in-house developed technologies, strengthen VinSpace's satellite engineering capabilities, and pave the way for future commercial space applications. 
  The agreement provides an important foundation for VinSpace's first satellite missions. In April 2026, the company announced its plan to develop and launch its first satellites into orbit in 2027. 
  The agreement represents another important step in VinSpace's long-term vision to become a full-stack aerospace company, developing capabilities across the entire space value chain - from satellite design and manufacturing to Assembly, Integration and Testing (AIT), launch mission management, satellite operations, and downstream space data products and services. 
  Selecting SpaceX as its launch service provider reflects VinSpace's strategy of working with the world's leading technology companies to realise its first space missions. 
  Mr. Thu Vu, Chief Executive Officer of VinSpace, shared that:"Reliable access to space is fundamental to turning satellite innovation into operational missions. This contract with SpaceX is an important milestone in VinSpace's long-term strategy to help build Vietnam's space ecosystem and strengthen the country's position within the global space economy." 
  VinSpace's upcoming satellite missions are expected to provide an important platform for in-orbit technology validation, accelerate the development of Vietnam's aerospace talent, deepen international collaboration, and support the commercialisation of space technologies. As satellites, low Earth orbit (LEO) constellations and other space technologies become increasingly important to economic growth, infrastructure resilience and national technological competitiveness, VinSpace is committed to strengthening Vietnam's sovereign space capabilities while delivering commercially sustainable solutions for customers across Vietnam, Southeast Asia and international markets. 
 Hashtag: #VinSpace 
The issuer is solely responsible for the content of this announcement.

About VinSpace
VinSpace, a member of the Vingroup ecosystem, is building towards becoming Vietnam's leading full-stack aerospace company. Our ambition is to develop capabilities across the entire space value chain, from satellite systems and ground infrastructure to geospatial intelligence, satellite connectivity and downstream applications. 
  Through strategic partnerships with leading global technology providers, alongside long-term investment in research, development and commercialisation, VinSpace delivers space-enabled solutions for infrastructure, energy, environmental management, logistics and smart cities.

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Photo Feature: Global Media Explore Hainan Free Trade Port, Unlocking the New Vitality of the "Ocean Economy"

HAIKOU, CHINA –  Media OutReach Newswire – 10 August 2026 – A delegation of journalists from nine major overseas media outlets, including the United States, France, Türkiye, Spain, and the Republic of Korea, recently visited China's Hainan Province for an in-depth tour across multiple cities including Haikou, Wanning, Lingshui, and Sanya. The mission was to investigate the region's marine cultural tourism, ecological conservation efforts, and innovative consumer models, and to witness firsthand the renewed dynamism of Hainan's "ocean economy." 
             
       Caption: Global Media Explore Hainan Free Trade Port, Unlocking the New Vitality of the "Ocean Economy"     
     
 As the first full year following the island-wide special customs operations of the Hainan Free Trade Port (FTP), 2026 has been designated the "Marine Tourism Year," with a strategic focus on ocean-themed cultural travel. Leveraging policy dividends such as visa-free access for citizens of 86 countries, expanded traffic rights, and offshore duty-free shopping, Hainan has consistently enhanced its openness to the world, fueling a surge in cultural tourism demand. In the first half of this year alone, the island recorded over 1 million inbound visits, a year-on-year increase of 48.8%, underscoring the robust growth momentum of the FTP's tourism sector. 
  In Wanning's Riyue Bay, the international media group experienced firsthand the rapid expansion of Hainan's coastal sports industry. Renowned as a world-class surfing destination, the bay receives more than 500,000 visits annually, drawing travelers from as far as Australia and Southeast Asia. A major highlight was the nation's first Olympic-standard artificial surf pool, which employs advanced wave-making technology to simulate 23 different wave types, enabling year-round, all-weather surfing regardless of natural conditions. Mr. Guney Isik Ganimgil, a contributor to Turkey's  Aydınlık newspaper, remarked that Hainan's cultural tourism development has far exceeded expectations and holds tremendous investment potential. 
  Eco-empowered tourism and the protection of blue bays are the defining hallmarks of Hainan's development. The Hainan Ocean Paradise Resort adheres strictly to a policy against capturing wild marine life; its rescue center has successfully rehabilitated and released over 200 rare marine creatures, including sea turtles and hawksbills, back into the wild. Meanwhile, Wuzhizhou Island has pioneered an innovative model of eco-tourism, partnering with universities to develop a tropical marine ranch. Through the strategic deployment of artificial reefs and the transplantation of tens of thousands of coral colonies, the island now offers visitors the opportunity to participate in coral transplantation—a hands-on experience that fosters a virtuous cycle between ecological conservation and tourism engagement, earning high praise from the attending media. 
  Deepening the integration of culture and tourism has also revitalized Hainan's traditional maritime heritage. The Danjia fishing rafts continue to enrich their authentic marine-ethnic cultural offerings, continuously diversifying their "product portfolio". Tianya Town, built around a century-old fishing village, has evolved into a coastal leisure landmark, now home to nearly a hundred boutique homestays and specialty cafés. The Sanya International Duty-Free Shopping Complex, housing over 1,000 international brands, has introduced cutting-edge "duty-free + technology" consumption scenarios. And the Sanya Yacht Tourism Center, with a complete industrial chain, recorded over 220,000 yacht outings in 2025, cementing its status as a premier destination for high-end coastal tourism. 
  After four days of in-depth exploration, the media delegation witnessed a Hainan that is open, green, and vibrantly dynamic. Today's Hainan FTP has transcended the traditional model of seaside tourism, with policy as its backbone, ecology as its canvas, and culture as its soul. By continually energizing the blue economy, Hainan is presenting a compelling new vision of high-quality development to the world. 
 Hashtag: #HainanFreeTradePort
The issuer is solely responsible for the content of this announcement.

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National Fitness Lights Up the "Dual Olympic City": The 17th Beijing Sports Games Open

BEIJING, CHINA –  Media OutReach Newswire – 10 August 2026 – On August 8, China's 18th National Fitness Day, the opening ceremony of the 17th Beijing Sports Games was held at the National Indoor Stadium, with many champion athletes on hand to lend support. 
  
            
       A performance at the opening ceremony of the 17th Beijing Sports Games     
     
 The city is the arena, and its citizens are the athletes. This edition of the Games balances competitive and mass participation events, featuring both traditional disciplines like athletics and swimming, and emerging sports such as pickleball and breakdancing. Some events have already concluded or are currently underway, with all competitions running through October this year. This city‑wide sports extravaganza is expected to attract around 35,000 participants, including teenagers, college students, and the general public, setting new records in both the number of participants and events. 
  
 In recent years, Beijing has continuously integrated sports development into the fabric of the city. According to data from the Beijing Municipal Sports Bureau, the city has 3.27 square metres of sports venue space per capita, and 53.1% of its population regularly participates in physical exercise. Sports and fitness have become a new way of life in Beijing, the "Dual Olympic City." Yin Shen, a 20‑year‑old football enthusiast, told reporters after watching the ceremony that he found the mass participation content more relatable than purely competitive events. "It's great to see so many sports that ordinary people usually play. Sports are actually all around us," Yin said. 
  
 At the opening ceremony, 14 champion athletes trained in Beijing—Ma Long, Zhang Yining, Ding Ning, Wang Chuqin, Xiao Ruoteng, Teng Haibin, Li Na, Cao Yuan, Zhang Jiaqi, Chang Hao, Yang Ling, Liu Xiaotong, Zhang Zesen, and Zhang Ruiyang—were present to inspire more people to take up sports. Zhang Yining said, "I am especially grateful to Beijing, where I realised my dreams. I also hope that more children who love sports will hold on to their dreams. Beijing is a place where dreams come true." 
 Hashtag: #Beijing #DualOlympicCity #NationalFitnessDay
The issuer is solely responsible for the content of this announcement.

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