The year 2019, marking the 70th anniversary of the founding of New China, beheld the country’s stamina for holistic transformation amid downward pressure. During the year, the telecom industry was at the historic confluence of remolding the industry ecosystem and setting a 5G paradigm which supports short-term growth and benefits long-term development. We spared no effort to focus on the priorities, stabilize the macro environment and set the agenda for future development. In adherence to new development philosophies and the strategy of Focus, Innovation and Cooperation, we deepened the construction of “Five New” China Unicom, implemented Internet-oriented operation transformation, advanced the mixed-ownership reform, and insisted on a sustainable development path in a bid to shoulder greater social responsibilities in the course of operation and development of the Company and make new contributions to the fulfillment of people’s increasing demand for better information living.