China Unicom Adjusts 4G Equipment Depreciation Strategy

China Unicom (Hong Kong) (DE:XCI) has released an update.

China Unicom (Hong Kong) has decided to extend the depreciable life of its 4G wireless equipment from seven to ten years starting October 2024. This change is expected to reduce depreciation expenses by approximately RMB 1.1-1.2 billion in 2024, aiming to better reflect asset utilization. Investors are advised to consider this adjustment while making investment decisions as it aligns with Hong Kong Financial Reporting Standards.

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