11:19     CHINA UNICOM<00762> - Announcement (21)                             

                                   after the Unicom New Century               
                                   Merger, to CUCL) in the 9A                 
                                   Areas;                                     
                                    (iii) the comprehensive                   
                                   services agreement dated 20                
                                   November 2003 between the A                
                                   Share Company (the rights and              
                                   obligations of the A Share                 
                                   Company under that services                
                                   agreement were subsequently                
                                   transferred to Unicom New                  
                                   World) and Unicom Group                    
                                   (including the amendment                   
                                   agreement thereof dated 22                 
                                   November 2004 entered into                 
                                   between Unicom New World and               
                                   Unicom Group), pursuant to                 
                                   which Unicom Group agreed to               
                                   provide various services to                
                                   Unicom New World in the 9B                 
                                   Areas; and  (iv) the CDMA                  
                                   Network Services Agreement                 
    `Old Guoxin Premises Leasing   the premises leasing                       
    Agreement'                     agreement dated 20 November                
                                   2003 between CUCL, Unicom New              
                                   Century, Unicom New World and              
                                   the A Share Company (the                   
                                   rights and obligations of the              
                                   A Share Company under that                 
                                   agreement were subsequently                
                                   transferred to Unicom New                  
                                   Guoxin), pursuant to which                 
                                   CUCL, Unicom New Century and               
                                   Unicom New World each agreed               
                                   to provide premises to Unicom              
                                   New Guoxin                                 
    `Old Satellite Channel Lease   the long distance satellite                
    Agreement'                     data channel lease agreement               
                                   dated 25 May 2000 between                  
                                   CUCL and Unicom NewSpace,                  
                                   pursuant to which Unicom                   
                                   NewSpace agreed to lease its               
                                   satellite transmission                     
                                   capacity to CUCL                           
    `PRC'                          The People's Republic of                   
                                   China (in this Announcement,               
                                   excluding Hong Kong Special                
                                   Administrative Region, Macau               
                                   Special Administrative Region              
                                   and                                        
                                   Taiwan)                                    
    `RMB'                          Renminbi, the lawful currency              
                                   of China                                   
    `SFO'                          the Securities and Futures                 
                                   Ordinance (Chapter 571 of the              
                                   Laws of Hong Kong)                         
    `Share(s)'                     share(s) of HK$0.10 each in                
                                   the capital of the Company                 
    `Shareholders'                 the shareholders of the                    
                                   Company                                    
    `SIM'                          the subscriber identity                    
                                   module                                     
    `subscribers'                  the unit of Capacity on the                
                                   CDMA Network                               
    `Twelve Provinces and          Guangdong, Jiangsu, Zhejiang,              
    Municipalities'                Fujian, Liaoning, Shandong,                
                                   Anhui, Hebei and Hubei                     
                                   provinces, and Beijing,                    
                                   Shanghai and Tianjin                       
                                   municipalities                             
    `UIM'                          the user identity module                   
    `Unicom BVI'                   China Unicom (BVI) Limited, a              
                                   company incorporated in the                
                                   British Virgin Islands and                 
                                   the immediate controlling                  
                                   company of the Company                     
    `Unicom Group'                 China United                               
                                   Telecommunications                         
                                   Corporation, a state-owned                 
                                   enterprise established under               
                                   the laws of the PRC, and the               
                                   ultimate shareholding company              
                                   of the Company. It is engaged              
                                   in telecommunications and                  
                                   related businesses in the PRC              
    `Unicom I/E Co'                Unicom Import and Export                   
                                   Company Limited, a limited                 
                                   liability company                          
                                   incorporated in the PRC and a              
                                   subsidiary in which Unicom                 
                                   Group directly holds 95% of                
                                   its equity interests                       
    `Unicom New Century'           Unicom New Century                         
                                   Telecommunications