Strong Mobile Momentum

26.0% 5.5pp yoy Handset Internet Access Revenueas a % of Service Revenue

12.2% yoy Mobile Service Revenue

45.7% 2.2pp yoy Mobile Service Revenueas a % of Service Revenue

14.85 Mil 64.3% yoy Mobile Subs Net Add

16.8% 0.9pp yoy Mobile Subs Market Share

Investor Factsheet (September 2017)www.chinatelecom-h.com

HKEx: 728; NYSE: CHA

Service Ecologicalization: Driving Scale Development

1H 2017 Highlights

• Continuous growth in service revenue and net profit with service revenue growth surpassing industry average

• Strategic transformation achieves prominent results with innovative convergence promotes development

• Strong mobile momentum with breakthrough in scale

• Superior network capability further strengthened building a solid ecosystem foundation

• Deepen reform to invigorate vitality with operation intellectual-ization enhancing capabilities

• Strong execution of step-up transformation strategy for value enhancement

Enhancing Business Fundamentals

Notes:

1. Service Revenue = Operating Revenue (1H2016: RMB176,828 mil; 1H2017: RMB184,118 mil) – Sales of Mobile Terminals

(1H2016: RMB18,966 mil; 1H2017: RMB15,951 mil) – Sales of Wireline Equipment (1H2016: RMB1,710 mil; 1H2017:

RMB1,842 mil) – Other Non-service Revenue (1H2016: RMB930 mil; 1H2017: RMB478 mil)

2. EBITDA = Operating Revenue – Operating Expenses + Depreciation & Amortization

3. Net Profit represented profit attributable to equity holders of the Company

Service RevenueRMB Million RMB Million

EBITDA Net ProfitRMB Million

Smart FamilySubs 75 Mil Revenue Growth

33% yoy

Internet FinanceMAU 28.14 Mil( 2.5x yoy)

Actively Participating

Merchants 400K( 2.3x yoy)

Note: MAU denoted

Monthly Active Users

e-SurfingHD

BestPayIoT

Internet+

4G（5G）＋

FibreBroadband

Smar

t Fam

ily Ecosphere

Internet F

inan

ce E

cosphere

New

ICT Application Ecosphere

IoT EcosphereIntellig

en

t Co

nnection Service E

cosp

her

e

155,222 165,847

1H2016

6.8%

1H2017

52,414

1H2016

50,555

3.7%

1H2017

12,537

1H2016

11,673

7.4%

1H2017

Cloud /Big Data

China Telecom Corporation Limited is a large-scale and leading integrated information service operator in the world, providing wireline

& mobile telecommunications services, Internet access services, information services and other value-added telecommunications

services primarily in the PRC. The Company's H shares and American Depositary Shares ("ADSs") are listed on The Stock Exchange

of Hong Kong Limited and the New York Stock Exchange respectively.

Intelligent Connection Mobile Subs 229.85 Mil( 11.1% yoy)

4G Subs 152.02 Mil( 68.7% yoy)

Wireline Broadband Subs

128.10 Mil( 8.6% yoy) FTTH Subs 117.23 Mil( 32.7% yoy)

New ICTApplicationRevenue (RMB)

20,902 Mil Revenue Growth

20% yoy

Internet of ThingsConnected Device Net Add

13.79 Mil ( 3.1x yoy)

Innovative Convergence Promotes Development

Mobile Bundling Rate(i.e. Bundled Subs / Mobile Subs)

Dual-play penetration(i.e. Wireline Broadband Subs

subscribing mobile and/or IPTV

services at the same time)

Triple-play penetration(i.e. Wireline Broadband Subs

subscribing mobile and IPTV

services at the same time)

e-Surfing HD (IPTV) Subs yoy increase

53%

77%

46%

43.8%

China Telecom Corporation Limited

Network Intelligentization: Strengthening Ecosystem Foundation

Basically Completed Construction of Three Superior NetworksProgressive Implementation of Network Reconstitution

For further information, please browse our website at www.chinatelecom-h.com

Certain statements contained in this document may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of the U.S. Securities Exchange Act of 1934

(as amended). Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of China Telecom Corporation

Limited (the “Company”) to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. In addition, we do not intend to update these forward-looking statements.

Further information regarding these risks, uncertainties and other factors is included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other

filings with the SEC.

Recognition & Awards

Share Listing: H ShareThe Stock Exchange of Hong Kong

Limited

(stock code: 728)

ADSNew York Stock Exchange, Inc.

(stock code: CHA)

ADS to H Share Ratio: 1:100

Ms. Lisa Lai Mr. Nick FungMs. Karen So

China Telecom Corporation LimitedInvestor Relations Department

Email: ir@chinatelecom-h.com

IR Enquiry: (852) 2582 0388

Fax: (852) 2877 0988

Address: 38/F., Everbright Centre,

108 Gloucester Road,

Wan Chai, Hong Kong

Quick Facts IR ContactClosing Prices: (as at 30 Jun 2017)

H Share HK$3.71

ADS US$47.93

Market Capitalization: (as at 30 Jun 2017)

HK$300.3billion / US$38.5billion

International Auditor: Deloitte Touche Tohmatsu

Share Registrar:H ShareComputershare Hong Kong Investor

Services Limited

Email: hkinfo@computershare.com.hk

Tel: (852) 2862 8555

Fax: (852) 2865 0990

ADS DepositaryThe Bank of New York Mellon

Email: shrrelations@cpushareownerservices.com

Tel: 1-888-269-2377 (toll free in USA)

1-212-680-6825 (international)

Legal Advisers:Jingtian & Gongcheng

Freshfields Bruckhaus Deringer

Sullivan & Cromwell LLP

• Completed 800MHz refarm

• 4G BTS

• Population coverage

1.05Mil

4G Mobile Network

98%

Fibre Network

• World’s first in the release of

corporate NB-IoT standard and scale

deployment

• Achieve basic full coverage of NB-IoT

network by seamless upgrade of

310K base stations leveraging

800MHz low frequency advantage

230Mil• FTTH ports

• FTTH Home Pass Coverage in

cities and towns

IoT Network

• Deploy commercial trial in key cloud resources pool and IP

backbone network

• Commence commercial trial in on-demand network

system for SMEs

SDN

• Deploy the world’s largest two-layer decoupling of vIMS

• Commence trial of vBAS in existing network

NFV

92%

Proactive Network Deployment Sustaining Leading Edges

Progressive developmentResearch on 4G to 5G

network migration2017-18: Outdoor trial2019: Commercial trial

Application Driven2020: Scale commercial use

Ecosystem CooperationIndustry participants cooperation

+capital operation

Actively developing 5G

Full fibre network coverage 240 Mil FTTH ports by end-

2017 to achieve full fibrenetwork coverage in cities,

towns & villages

Support convergencedevelopment of fibre broadband,

video streaming and mobile

Promote cloud-networkcoordinated development

• Refine 2+31+x IDC deployment• Cloud resource pool planning

• Build IDC clusters

Achieve highly efficient andcoordinated cloud & network

Enhancing cloud-network capabilities

NB-IoTScale commercial use withinnovative business models

Flexible user/subscriber/account combination

CAT-1Commercialized

eMTC2017: Validation trial

2018: Commercial deployment

Full range of IoT

Note: 4G BTS number included outdoor base stations and indoor distribution systems

ASIA’SBEST

160K(VS 2016.12)

24Mil(VS 2016.12)

2016