HONG KONG,
CHINA -�Media OutReach�-�December 19, 2018 -�China
Telecom Corporation Limited ("China Telecom" or "the Company"; HKEx: 00728;
NYSE: CHA) was delighted to be named No. 1 in "The Global Top 50
-- Best in Communications Sector" by IR
Magazine.

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�"The Global Top 50 awards" was based on IR Magazine's annual surveys of
investors and analysts across the world for its regional awards programs in
Canada, US, Europe, Greater China and South East Asia. Last year, the Company ranked No. 1 in "The
Global Top 50 Awards 2017". In 2018, IR Magazine changed the format to rank companies by sector and winners of individual sector gets
highest number of nominations from investors.

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China Telecom became the winner in the
global communications sector against competition from other finalists which are
all communication giants. The Company further stood out as being a winner from Asia when
winners of 8 out of the 10 sectors are North America and Europe-originated. �

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In addition, China
Telecom bagged the Best IR Website Award
in the "IR Magazine Awards -- Greater China 2018", showing investors' recognition
of the Company's dedication to improving the accessibility of corporate
information and user-friendliness of the online platform, among other
communication channels.

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These honors once again demonstrate worldwide acclaim in the Company's excellence in IR,
which is on par with top global standards. China Telecom will continue to push
its corporate governance and investor relations practices towards perfection,
so as to fulfill increasing expectations from investors.